Dearness Allowance for Workmen and Officer Employees in banks for Nov, Dec 2021 & Jan 2022 @ 30.38 % of ‘pay’: IBA Order

Indian Banks’ Association
HR & Industrial Relations

HR&IR/MBR/76/ D/10517

November 1, 2021

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2021 & January 2022 under XI BPS/ 8th Joint Note dated 11.11.2020

We have to advise that the confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2021 as published by Govt. of India in its website Labour Bureau are as follows:-

July 2021 – 8072.70
August 2021 – 8085.85
September 2021 – 8105.57

The average of the above is 8088.04 and accordingly the number of DA slabs works out to 434 (8088.04 — 6352= 1736.04/4 = 434 Slabs) The payment of DA for the months August, September & October 2021 was at 397 Slabs. Hence, there is an increase of 37 slabs of DA 1.e. 434 -397 Slabs for payment of DA for the months November, December 2021 & January 2022 Accordingly, in terms of clause 7 of the 11^th Bipartite Settlement dated 11.11.2020 and clause 3 of the Joint Note dated 11.11.2020, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of November, December 2021 & January 2022 shall be 30.38 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

The post DA for Bank employees – Bank DA from November 2021 to January 2022 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

ALL INDIA BANK OFFICERS’ CONFEDERATION
(Registered under the Trade Unions Act 1926, Registration No. 3427/ Delhi)
6th Floor, E-Block, Samriddhi Bhavan, 1, Strand Road, Kolkata -700 001
c/o State Bank of India Officers’ Association (Bengal Circle)
Phone: 2210-1234, Fax: (033) 2210-2210

Circular No. 2021/06

Date: 29.01.2021

To All Affiliates (Please Circulate)

DEARNESS ALLOWANCE

The Index Numbers for the quarter ended December 2020 are as under:

Accordingly, Dearness Allowance is payable to Officers on 374 (i.e.341 +33) slabs with effect from 01-02-2021 as against 341 slabs for the previous quarter. The rates of Dearness Allowance at various stages of basic pay are furnished overleaf. The rates worked out are as per the industry level scales up to Scale VII including SBI. Please note that DA of Rs.13.86 is to be added at every stage (difference amount of increase on Learning allowance).

New DA Chart for Bank employees

With greetings,
Yours comradely,
(Soumya Datta)
General Secretary

Bank Employees DA Table in PDF Click Here

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