Posts Tagged ‘Bank DA Orders’

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2018 & January 2019 under X BPS/ Joint Note dated 25.5.2015

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DA for Bank Staff and Officers from Nov 2018 to Jan 2019

Dearness Allowance for Bank Staff and Officers from Nov 2018 to Jan 2019 under 10th Bipartitie Settlement and Joint Note Dated 25.5.2015

DA Orders issued by IBA on 1.11.2018
HR & Industrial Relations

No.CIR/HR&IR/76/D/2018-19/6194

November 1, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2018 & January 2019 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2018 are as follows:-

The average CPI of the above is 6871 and accordingly the number of DA slabs are 607 (6871­ – 4440 = 2431 / 4 =  607  Slabs) The last quarterly Payment of DA was at 541 Slabs. Hence there is an increase in DA slabs of 66, i.e 607 Slabs for payment of DA for the quarter Nov, Dec 2018 and January 2019

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 months of Nov, Dec 2018 & January 2019 shall be 60.7 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S.K Kakkar
Senior Advisor (HR&IR)

Source: http://www.iba.org.in

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Be the first to comment - What do you think?  Posted by admin - November 2, 2018 at 9:53 pm

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DA for bank employees for the months of November, December 2016 & January 2017: IBA Orders

IBA Circulars on Dearness Allowance for the months of Nov, Dec and Jan 2017

Indian Banks Association
HR Industrial Relations

No.CIR/HR&IR/76D/2016-17/1338

November 1, 2016

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance Workmen and Officer Employees in banks for the months of November, December 2016 & January 2017 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960-100) for the quarter ended September 2016 are as follows:-

July 2016 : 6391.25

Aug 2016 : 6345.60

Sep 2016 :  6322.77

The average CPI of the above is 653 and accordingly the number of slabs are 478(6353-4440 1913/4 478 Slabs). The last quarterly Payment of DA was at 455 Slabs. Hence there is an increase in DA slabs of 23, i.e.478 Slabs for payment of DA for the quarter Nov, Dec 2016 and January 2017.

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 months of Nov, Dec 2016 & January 2017 shall be 47.80 % 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 allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully

sd/-
K.S.Chauhan
Senior Vice President

Authority: http://www.iba.org.in/
Click to view the order

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DA for Bank Employees – 6 Slabs less from May, 2016

DA for Bank Employees – 6 Slabs less from May, 2016

Dearness Allowance – 6 Slabs less from May, 2016

AIBEA published a circular regarding Dearness Allowance after the announcement of CPI(IW) index for the month of March 2016 made by Labour Bureau.

Dearness Allowance – 6 Slabs less from May, 2016

CPI Month 2001 1960 Consumer Price Index D.A. Slabs
Jan-16 269 6140.17 Average Points 6117.34 New Slabs 420
Feb-16 267 6094.52 Last Average 6144.00 Old Slabs 426
Mar-16 268 6117.34 Decrease 26.66 Decrease 6

D.A. Rates @ 0.10% per slab for 420 Slabs over 4440 points for all cadre/stages: 42.00%
Note: D.A. and Increase shown here includes Basic Pay and Special Allowance

D.A. Rates for Pensioners (%) – No change

Source: www.aibea.in

Be the first to comment - What do you think?  Posted by admin - May 3, 2016 at 1:54 pm

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DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015

DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1159

August 3, 2015

All Members of the Association
(Designated Officers)

 

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2015 under X BPS/ Joint Note dated 25.5.2015

 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2015 are as follows:-

 

April, 2015  – 5843.43

May, 2015   – 5889.08

June, 2015  – 5957.56

 

The average CPI of the above is 5896. Consequently, Dearness Allowance payable to employees is for 364 slabs for the period August, September & October 2015 i.e. an increase of 27 slabs over the current level.

 

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 months of August, September & October 2015 shall be 36.40% 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 allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
sd/-
Senior Vice President

 

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ 114.75% (5896-2836=3060/4 i.e 765 slab @ 0.15% per slab).

 

Authority : www.iba.org.in

Be the first to comment - What do you think?  Posted by admin - August 6, 2015 at 5:56 pm

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DA for Bank Employees – Circular issued by IBA

DA for Bank Employees – Circular issued by IBA

IBA issued circulars regarding increasing the Dearness allowance for bank employees from February to April 2015 and Dearness relief for bank pensioners from Feb to July 2015

Click here to download the IBA circular of DA for employees
Click here to download the IBA circular of DR for pensioners.
Click here to download the IBA circular of DR for pre 01.01.1986 retirees

Be the first to comment - What do you think?  Posted by admin - February 3, 2015 at 9:46 am

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Bank DA for the next quarter (February to April 15)

Bank D.A. for the next quarter (February to April 15)

JUST 2 SLABS INCREASE IN DA PAYABLE TO BANK WORKMEN/OFFICERS FOR NEXT QUARTER FEB to APRIL 2015

The AICPIN (IW) Base 2001=100, for the month of December ’14, has been released by Labour Bureau Govt of India, to day, which stood at 253 point which was static from last August 14.

As such, the confirmed All India average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) are as follows:

Months CPI (Base 2001=100) CPI (Base1960=100)
October              253        5774.95
November         253        5774.95
December’14   253        5774.95

The average CPI as above, is 5774.Therefore the DA payable to Bank Workmen/Officers for the quarter February ’15 to April’15 will show an increase of 2 slabs at 110.10 %(From existing 109.80%)

While projecting the likely DA for next quarter, earlier we have mentioned the hike in DA would be nominal from Feb onwards.

Kindly note that this is only for information and official circular from IBA in this regard will be expected to be issued shortly.

Details of Calculation:

Average CPI as above 5774
Less Merged Point in 9th BPS 2836
Slabs 2938
Increase in slabs (New slab 734-Old 732) 2
DA % ( 734 x 0.15) 110.10 %

Source: www.paycommissionupdate.blogspot.in

Be the first to comment - What do you think?  Posted by admin - January 30, 2015 at 4:20 pm

Categories: AICPIN, CGDA, DA Over 50%, Dearness Allowance, Employees News, Expected DA, General news, Latest News   Tags: , , , ,

DA for Bankers for the months of August, September and October 2014

Dearness Allowance for Bankers for the months of August, September & October 2014

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2014

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/76/D/2014-15/415

1st August, 2014

All Members of the Association
(Designated Officers)

Dear Sir’s,
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2014 under IX BPS/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 June 2014 are as follows:-

Apr 2014 5523.87
May 2014 5569.52
Jun 2014 5615.17

The average CPI of the above is 5569.52.

The DA paid for the quarter ended July 2014 was at CPI 5436.00. Hence, there is an increase in CPI of 133.52 points, i.e., increase of 33 slabs over the current level.
Consequently, dearness allowance to employees is payable for 683 slabs for the period August, September & October 2014 i.e. an increase of 33 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 2014 shall be 102.45% 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,
sd/-
K S Chauhan
Senior Vice President

Source: www.iba.org.in
[http://www.iba.org.in/Documents/DA_for_AugSepOct_2014.pdf]

Be the first to comment - What do you think?  Posted by admin - August 7, 2014 at 11:13 am

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Bank D.A. for May/June/July 2014 – Reduction in CPI of 67.44 Points

Bank D.A. for May/June/July 2014 – Reduction in CPI of 67.44 Points
Dearness Allowance for Workmen and Officer Employees in banks for the month of May, June and July 2014 is payable for 650 slabs shall be 97.50%.  IBA Order:-
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR.&IR/76/D/2014-15/9323
2nd May, 2014
All Members of the Association
(Designated Officers)
Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May June & July 2014 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 March 2014 are as follows:-
Jan 2014  –    5409.74
Feb 2014  –   5432.56
Mar 201 4 –  5455.39
The average CPI of the above is 5432.56. The DA paid for the quarter Feb to Apr 2014 was CPI average of 5500. Hence, there is a reduction in CPI of 67.44 Points (16 slabs).
Consequently, dearness allowance to employees is payable for 650 slabs for the period May, June & July 2014 i.e. a decrease of 16 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 May, June & July 2014 shall be 97.50% 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,
sd/-
K S Chauhan
Senior Vice President
Source: www.iba.org.in
[http://www.iba.org.in/Documents/DA_May_Jun_Jul_14.pdf]

Be the first to comment - What do you think?  Posted by admin - May 3, 2014 at 3:10 pm

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Dearness Allowance for Workmen and Officer Employees in banks – IBA Circulars

IBA Circulars – Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2014 under IX BPS/Joint Note dt. 27.4.10

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2013-14/8778

1st February, 2014

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 2014 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 December 2013 are as follows:

Oct 2013    –    5501.04
Nov 2013    –   5546.69
Dec 2013    –   5455.39

Consequently, dearness allowance to employees is payable for 666 slabs for the period February, March & April 2014 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 2014 shall be 99.90% 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,
K Unnikrishnan
Deputy Chief Executive

Source: www.iba.org
[http://www.iba.org.in/Documents/DA.pdf]

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IBA published Dearness Relief Orders for Bank Pensioners for the period February 2014 to July 2014 : IBA Circulars

IBA published Dearness Relief Orders for Bank Pensioners for the period February 2014 to July 2014 : IBA Circulars

Dearness Relief payable to Pensioners for the period February 2014 to July 2014

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2013/8784
February 1, 2014

Designated Officers of all Member Banks
which are parties to the Bipartite Settlement on Pension

Dear Sirs,
Dearness Relief payable to Pensioners for the period February 2014 to July 2014

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December, 2013 are as follows:-

October 2013    – 5501.04
November 2013 – 5546.69
December 2013 – 5455.39

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 dearness relief is payable to pensioners at rates specified in Appendix II to the Regulations.
Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the dearness relief payable to pensioners for the period February 2014 to July 2014 as per Annexure.

Yours faithfully,
K UNNIKRISHNAN
DEPUTY CHIEF EXECUTIVE

Source: www.iba.org
[http://www.iba.org.in/Documents/DA_for_pensioners.pdf]

Be the first to comment - What do you think?  Posted by admin - at 2:45 pm

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