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
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