BANK DA of Clerical Staff and Subordinate Staff
In substitution of Clause 7 of Bipartite Settlement dated 25th May 2015 with effect from 1st November 2017, the Dearness Allowance shall be payable as per the following rates:
Clerical and Subordinate Staff
0.07 % of ‘pay’ per slab of four points.
Note: Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 6352 points in the quarterly average of the All India Average Working-Class Consumer Price Index General) Base 1960=100.
- It is clarified that there shall be no ceiling on Dearness
- Dearness Allowance shall be calculated and paid on the following components:
- Basic Pay including Stagnation increments,
- Special Pay,
- Graduation Pay/ Professional Qualification Pay,
- Special Allowance,
- Transport Allowance and
- Officiating Pay,
if any, payable under this settlement in respect of both clerical and subordinate staff.
- All other existing provisions relating to Dearness Allowance Scheme shall
The total quantum of wage revision increase (Pay slip component) shall be 3385 crores being 15% of the Pay slip component of Establishment Expenses of Public Sector Banks which are parties to this settlement for the financial year ending March 2017.
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