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.

Increase in Dearness Allowance from 01.07.2015 for Tamilnadu State Govt Pensioners

TN State Pensioners to get revised DA with effect from 01.07.2015. Tamilnadu Government has issued an order raising the DA from 113% to 119%. While arriving at the revised Dearness Allowance, fraction of a rupee shall be rounded off to the next higher rupee if such fraction is 50 paise and above and shall be ignored if it is less than 50 paise.