DA for Bank Employees – Increase of 28 slab in Feb to Apr 2016

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 February to April 2016 shall be 42.60% of ‘Pay’ against 39.80% of ‘Pay’ applicable for the previous quarter.