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Dearness Allowance for Bank Employees to decrease from the current level of 42.60 % to 42% – All India Punjab National Bank Association reports
DA payable to Bank employees for the Quarter May to July 2016 shall be 420 slab i.e. a decrease of 6 slab below 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 quarter May to July 2016 shall be 42.00% of ‘Pay’ against 42.60% of ‘Pay’ applicable for the previous quarter i.e a decrease of 6 slab below the current level.
D.A. Rate (for working staff): 42% of Pay (Basic Pay + Spl. Pay + PQP) and on Special Allowance.