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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Bank D.A. for Nov 14 onward : Hike of 49 slabs.

Bank D.A. for Nov 14 onward : Hike of 49 slabs.

 Consequent upon the release of All India Consumer Price Index Numbers for Industrial workers(AICPIN) Base Year 2001=100 for the month of Septemberí14. by the Ministry of Labour and Employment to day,which stood at 253 points without any change while compared to August figure,the confirmed average AICPIN(IW) Base 1960=100 for the quarter will be as follows:

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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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