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Dearness Allowance to Bank Employees from Feb 2019 – IBA Circulars

February 12, 2019 By admin Leave a Comment

Dearness Allowance to Bank Employees from Feb 2019 – IBA Circulars

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2018-19/6764

February 1, 2019

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2019 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960-100) for the quarter ended December 2018 are as follows:-

October 2018 – 6893.42
November 2018 – 6893.42
December 2018 – 6870.60

The average CPI of the above is 6885 and accordingly the number of DA slabs are 611 (6885-4440= 2445/4= 611 Slabs) The last quarterly Payment of DA was at 607 Slabs. Hence there is a increase in DA slabs of 4, i.e 611 Slabs for payment of DA for the quarter February, March & April 2019

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 February, March & April 2019 shall be 61.10 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)

Source: IBA

Related posts:

  1. DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note
  2. DA for Bank Employees : IBA issued orders for next quarter from Feb to Apr 2017
  3. IBA Circulars on Dearness Allowance for the months of Nov, Dec and Jan 2017
  4. Expected Bank Dearness Allowance for Next Quarter Ended Jan 2019
  5. Dearness Allowance for Bank Staff and Officers from Nov 2018 to Jan 2019

Filed Under: Bank DA Orders, BANK NEWS Tagged With: bank employees news, DA Orders




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