Bank Employees DA increased to 88.95% from August 2013
Bank Employees DA increased to 88.95% for the months of August, September and October 2013 – Bank Workmen and Officer Employees to benefit from IBA Circular
Indian Banks Association has issued circular dated 01.08.2013 to increase Dearness Allowance for Bank Employees for the months of August, September and October 2013 to 88.95% on the basis of All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960 =100). The full text of the circular dated 01.08.2013 is as follows.
Indian Banks’ Association
HR & INDUSTRIAL RELATIONSNo.CIR/HR&IR/76/D/2013-14/75811st August, 2013
All Members of the Association (Designated Officers)
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2013 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 June 2013 are as follows:-
April 2013- 5158.65
May 2013- 5204.31
June 2013 – 5272.78Consequently, dearness allowance to employees is payable for 593 slabs for the period August, September & October 2013 i.e. an increase of 32 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 2013 shall be 88.95% 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.
Deputy Chief Executive