DA for Bank Employees increased from August 2018 – 54.10% from 52.90
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2018 under X BPS/Joint Note dated 25.05.2015.
In this regard, Indian Banks’ Association has issued a letter revising the dearness relief payable to Workmen and Officer Employees for the period from August 2018 to October 2018.
As per the letter, the confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2018 are as follows:
April 2018 – 6573.86
May 2018 – 6596.69
June 2018 – 6642.34
The full copy of the aforesaid letter is shown below.