Bank Employees DA increased to 80.25%

Bank Employees DA increased to 80.25% of pay for February 2013, March 2012 and April 2013

Bank Employees DA for these months is calculated based on All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for October 2012, Nov 2012 and December 2012 which stood at 4953.22, 4976.05 and 4998.87 respectively.

The full text of Communication issued to All Member banks of IBA (Indian Banks’ Association) on increase of DA from February 2013 is as follows

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2012-13/6690

1st February, 2013

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 2013 under IX UPS/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 December 2012 are as follows:-

October 2012
4953.22
November 2012
4976.05
December 2012
4998.87
Consequently, dearness allowance to employees is payable for 535 slabs for the period February, March & April 2013 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 2013 shall be 80.25 % 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,
(Prabir Moulik)
Senior Advisor-HR&IR

Download IBA order dated 01.02.2013 for Bank Employees DA from February 2013

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