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DA for Bank Employees for Aug, Sep & Oct 2017 as per 10th BPS

August 3, 2017 By admin Leave a Comment

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2017 under X BPS/Joint Note dated 25.5.2015

Indian Banks’ Association

HR & Industrial Relations

No. CIR/HR&IR/76/D/2017-18/3312

August 1, 2017

All Members of the Association

(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2017 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2017 are as follows:-

April 2017 – 6322.77

May 2017 – 6345.60

June 2017 – 6391.25

The average CPI of the above is 6353.21 and accordingly the number of DA slabs is 478 (6353.21-4440 = 1913.21/4 = 478 slabs). The last quarterly payment of DA was at 456 slabs. Hence, there is a increase in DA slabs of 22, i.e. 478 slabs for payment of DA for the quarter August, September & October 2017.

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015, and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of August, September & October 2017 shall be 47.80% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S K Kakkar

Senior Advisor

Authority: www.iba.org.in

Related posts:

  1. DA for Bank Employees and Pensioners from Aug 2018
  2. DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note
  3. DA for Bank Employees : IBA issued orders for next quarter from Feb to Apr 2017
  4. DA Orders for bank employees from August to October 2019 under 10th BPS
  5. DA for Bank Employees from Nov 2017 to Jan 2018

Filed Under: 7th Central Pay Commission Tagged With: Bank Employees, BPS, DEARNESS ALLOWANCE




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