Dearness Relief payable for the period February 2017 to July 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
DA for Bank Employees – Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2017 under X BPS/ Joint Note dated 25.5.2015
Bank Employees are paid Dearness Allowance as compensation to inflationary trend in cost of living on the basis consumer price index for Industrial Workers with base year 1960=100. IBA has issued orders now for payment of DA for Bank Employees from February 2016
Dearness Allowance payable to Bank Staff and Officers for the months of November, December 2015 & January 2016 has been determined to be 39.80% based on consumer price index. Indian Banks’ Association has issued order to all member banks for revising DA for Bank Employees
“DA for Nov 2015 increase of 3.4% means increase of 34 Slabs. Now Total DA will be 39.80 %” the Vice President of NOBW Mr.Ashwani Rana said.