IBA Issues Bank DA and DR Orders for the period August 2016 to January 2017

IBA Issues Bank DA and DR Orders for the period August 2016 to January 2017

The confirmed All India Average consumer Price Index Numbers for Induustrial workers (Base 1960=100) for the quarter ended June, 2016 are as follows:-

April 2016 – 6185.82

May 2016 – 6277.12

June 2016 – 6322.77

In terms of Regulation 37 of Bank Employees ‘Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Dearness Relief payable to Pensioners for the period august 2016 to January 2017

Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2016 under X BPS/Joint Note dated 25.05.2015

Source:http://www.iba.org.in/

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Dearness Allowance (DA) for Workmen and Officer Employees in Banks for the months of February, March & April 2016 under X BPS/ Joint Note dated 25.5.2015-IBA

Dearness Allowance (DA) for Workmen and Officer Employees in Banks for the months of February, March & April 2016 under X BPS/ Joint Note dated 25.5.2015-IBA

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR.&IR/76/D/2015-16/2008

January 30, 2016

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 2016 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (BaseI960=100) for the quarter ended December 2015 are as follows:-

October         2015                                                                          6140.17

November    2015                                                                           6162.99

December    2015                                                                           6140.17

The average CPI of the above is 6147. Consequently, Dearness Allowance payable to employees is for 426 slabs for the period February, March & April 2016 i.e an increase of 28 slabs over the current level

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 2016 shall be 42.60% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

Sd/-

K S Chauhan

Senior Vice President

Source: www.iba.org.in

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DA for Bank Employees : IBA issued orders for next quarter from Nov to Dec 2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1572

October 31, 2015

All Members of the Association

(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December and January 2016 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 2015 are as follows:-

July, 2015 – 6003.21

August, 2015 – 6026.04

September, 2015 – 6071.69

The average CPI of the above is 6033. Consequently, Dearness Allowance payable to employees is for 398 slabs for the period November, December 2015 and January 2016 i.e. an increase of 34 slabs over the current level.

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 November, December 2015 and January 2016 shall be 39.80% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

Sd/-

K.S.Chauhan

Senior Vice President

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ [119.85% (6033-2836)=3197/4] i.e 799 slabs @ 0.15% per slab).

Source: www.iba.org.in

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Bank Employees DA – Orders issued for May, June and July 2015 by IBA

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2015-16/1742

May 2, 2015

All Members of the Association

(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2015 under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2015 are as follows:-

Jan 2015 – 5797.78

Feb 2015 – 5774.95

Mar 2015 – 5797.78

The average CPI of the above is 5790.17 Consequently, dearness allowance to employees is payable for 738 slabs for the period May, June & July 2015 i.e., an increase of 4 slabs over the current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of May, June & July 2015 shall be 110.70 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

Sd/-

K S Chouhan

Senior Vice President

Source:http://www.iba.org.in/Documents/DA_MAY_JUN_JUL_2015.pdf

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IBA issued D.A. circular for Nov,Dec and Jan'15

IBA issued D.A. circular for Nov,Dec and Jan'15

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2014-15/850

1st November, 2014

All Members of the Association

(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2014 & January 2015 under IX BPS/Joint Note dt. 27.4.10.

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Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2014

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2014-15/415

1st August, 2014

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 2014 under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base l960=100) for the quarter ended June 2014 are as follows:-

Apr  2014 - 5523.87

May 2014 - 5569.52

Jun  2014 - 5615.17

The average CPI of the above is 5569.52. The DA paid for the quarter ended July 2014 was at CPI 5436,00. Hence, there is an increase in CPI of 133.52 points, i.e., increase of 33 slabs over the current level.

Consequently, dearness allowance to employees is payable for 683 slabs for the period August, September & October 2014 i.e. an increase of 33 slabs over the current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of August, September & October 2014 shall be 102.45% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

Sd/-

K. S. Chauhan

Senior Vice President

Source:http://www.iba.org.in/Documents/DA_for_AugSepOct_2014.pdf

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Dearness Allowance for Bank Employees – Bank DA to increase 33 slabs from August 2014

Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014

33 SLABS INCREASE IN DA FOR BANK WORKMEN/OFFICERS FOR AUGUST SEPT AND OCT’14 QUARTER

Labour Bureau,Ministry of Labour and Employment,Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of June’14,today which stood at 246 points with an increase of 2 points while compared to May figure.

Thus the confirmed All India average CPI(IW) 1960=100 for the quarter would be 5569.52.As such there will be 33 slabs increase in DA for bank Staff at 102.45 % (as against 97.50% in previous quarter with 4 .95% increase)as per details furnished here under: -  

Base Year 2001=100	1960=100
APR 242	5523.87
MAY 244	5569.52
JUNE 246	5615.17
Average index	5569.52
Less merged index(9thBPS)	2836
Slabs	683
Increase (683 -old 650)	33 slabs
DA. @0.15%	102.45%

The quantum of increase in DA to Bank Officers,Clerks and Sub Staff for the next quarter –August to October’14 is furnished here under; Kindly note that DA details are given only for information and wait for Official DA circular of IBA which will be released shortly.

Source: www.paycommissionupdate.blogspot.in 

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Banks Employees Wage Hike Issue, Bank unions to meet Indian Banks Association to discuss on 13th June

Bank unions to meet Indian Banks Association to discuss Wage Revision

Employees unions of public sector banks are scheduled to meet Indian Banks’ Association (IBA) on Friday to discuss the issue of wage revision.

Representatives of the United Forum of Bank Unions (UFBU), an umbrella organisation comprising nine employees unions, will hold the meeting with IBA which represents managements of Indian banks.

The meeting – to be held on June 13 – was confirmed to PTI by C H Venkatachalam, general secretary of All India Banks Employees Association (AIEBA), a constituent of UFBA.

AIBEA is the largest PSBs employees union having a strength of about five lakhs banks employees.

Venkatachalam said: “This will be a crucial meeting. The management must consider the wage hike as an investment in their employees. Otherwise, with more private banks to be set up after the new bank licences are rolled out, they would easily poach from PSBs with higher pay packages.

“This will result in PSBs losing out after having spent considerable time, energy and money in fresh recruitment and training.”

Bank employees had gone on two-day nation-wide strike in February to press for their demands citing high inflation and rejecting the management’s offer of a 10% hike in the cash component of the pay package. It included basic pay, dearness allowance, house rent allowance, routine medical expenses and a special allowance, but excluding superannuation benefits, travel allowance and hospitalisation reimbursement.

“We want adequate hike in salary comparable to other sectors. Our readiness to agree to a low hike in the cash component will depend on the management’s readiness to accept our demands of taking care of housing as well as medical expenses of the employees and their family, including hospitalisation,” Venkatachalam said.

“In the last round of wage revision settlement signed in 2010 for 2007-12, the management had agreed to 17.5% raise in the total salary. This time, the employees are asking for an increase in the cash component of their salary,” he added.

Source:http://www.business-standard.com/article/pti-stories/ufbu-iba-to-meet-on-friday-over-wage-hike-issue-114061100736_1.html

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Dearness Allowances for Bank Employees from May, June & July 2014

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR.&IR/76/D/2014-15/9323

2nd may 2014

All Members of the Association

(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May June & July 2014 under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended March 2014 are as follows:-

Jan 2014 – 5409.74

Feb 2014 – 5432.56

Mar 2014 – 5455.39

The average CPI of the above is 5432.56. The DA paid for the quarter Feb to Apr 2014 was CPI average of 5500. Hence, there is a reduction in CPI of 67.44 Points (16 slabs).

Consequently, dearness allowance to employees is payable for 650 slabs for the period May, June & July 2014 i.e. a decrease of 16 slabs over the current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of May, June & July 2014 shall be 97.50% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

Sd/-

K.S Chauhan

Seniour Vice President

Source:http://www.iba.org.in/Documents/DA_May_Jun_Jul_14.pdf

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DA for Bank Employees increased to 99.90% from February 2014

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2013-14/8778

1st February, 2014

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 2014 under IX BPS/Joint Note dt. 27.4.10 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960-100) for the quarter ended December 2013 are as follows:

Oct 2013 – 5501.04

Nov 2013 – 5546.69

Dec 2013 – 5455.39

Consequently, dearness allowance to employees is payable for 666 slabs for the period February, March & April 2014 i.e. an increase of 25 slabs over the current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of February, March & April 2014 shall be 99.90% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

K. Unnikrishnan

Deputy Chief Executive

Source:http://www.iba.org.in/Documents/DA.pdf

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