Dearness Allowance in banks for Aug, Sep and Oct 2022 @ 36.82 % of pay: IBA Order dated 01.08.2022 is showing an increase in DA slabs of ’54’ i.e, 526 Slabs for payment of DA for the quarter August, September and October 2022

Indian Banks’ Association

HR & Industrial Relations

HR&IR/MBR/ 76/D/2022-23/ 1 1414

August 1, 2022

All Members of the Association
(Designated Officers)

Dear Sir/ Madam.

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2022 under XI BPS/ Joint Note dated 11.11.2020

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2022 are as follows:-

April 2022 – 8394.82
May 2022 – 8480.28
June 2022 – 8493.43

The average CPI of the above is 8456.17 and accordingly, the number of DA slabs are 526 (8456 – 6352= 2104/4 = 526 Slabs). The last quarterly Payment of DA was at 472 Slabs.  Hence, there is an increase in DA slabs of ’54’ i.e, 526 Slabs for payment of DA for the quarter August, September and October 2022

In terms of clause 7 of the 11th 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 August, September and October 2022 shall be 36.82% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Download Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2022 under XI BPS/ Joint Note dated 11.11.2020 PDF

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Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2022

Indian Banks’ Association

HR & Industrial Relations

HR&IR/MBR/76/ D/2022-23/11183
April 30, 2022

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2022 under XI BPS/ Joint Note dated 11.11.2020

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2022 are as follows:-

January 2022 – 8223.90
February 2022 – 8217.32
March 2022 – 8283.06

The average CPI of the above is 8241.42 and accordingly the number of DA slabs are 472 (8241 – 6352= 1889/4= 472 Slabs). The last quarterly Payment of DA was at 471 Slabs. Hence, there is an increase in DA slabs of ‘1’ i.e. 472 Slabs for payment of DA for the quarter May, June and July 2022.

In terms of clause 7 of the 11th 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 May, June and July 2022 shall be 33.04% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Download DA for Workmen and Officer Employees in bank from May to July 2022

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Press Information Bureau
Government of India
Ministry of Finance

Banks’ contribution to NPS Corpus of PSU Bank employees to be enhanced to 14%

Mumbai, 25 August 2021

In a bid to provide relief to families of bank employees, the Government has approved the Indian Banks’ Association’s (IBA) proposal to increase the family pension to 30% of last salary drawn. This move would make family pension go up to as much as Rs 30,000 to Rs 35,000 per family of bank employees. This was announced by the Secretary, Department of Financial Services, Ministry of Finance, at a press meet addressed by Finance Minister Smt. Nirmala Sitharaman in Mumbai.

Secretary, DFS informed that, in continuation of the 11th bi-partite settlement on wage revision of public sector bank employees, which was signed by the IBA with the unions on November 11, 2020, there was a proposal for enhancement of family pension and also the employers’ contribution under the NPS. This has been approved by the Finance Minister, he said. Shri Panda further said that “earlier the scheme had slabs of 15, 20 and 30 percent of the pay that a pensioner drew at that point of time. It was capped subject to a maximum of Rs 9,284/-. That was a very paltry sum and Finance Minister Smt. Sitharaman was concerned and wanted that to be revised so that family members of bank employees get a decent amount to survive and sustain”.

The Government has also approved the proposal to increase employers contribution under the NPS to 14% from the existing 10%.

Thousands of families of PSU bank employees will be benefited by the enhanced Family Pension, while increase in employers contribution will provide increased financial security to the bank employees under the NPS.

Finance Minister, as part of her two day visit to Mumbai reviewed the performance of the public sector banks and launched EASE 4.0 reform agenda for smart banking.

PIB

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Indian Banks’ Association

HR & Industrial Relations

HR&IR/MBR/76/D/10194
August 2, 2021

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2021 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 June 2021 as published by Govt. of India in its website Labour Bureau are as follows:-

The average of the above is 7941.22 and accordingly the number of DA slabs works out to 397 (7941.22 – 6352= 1589.22= 397 Slabs) The payment of DA for the months May , June and July 2021 was at 367 Slabs. Hence, there is a increase of 30 slabs of DA i.e. 397 -367 Slabs for payment of DA for the months August, September and October 2021.

Accordingly, in terms of clause 7 of the 11th 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 August, September and October 2021 shall be 27.79 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Sd/-
Brajeshwar Sharma Senior Advisor (HR&IR)

The post DA for Bank employees from August 2021 under XI BPS – IBA DA circular appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

No. RB / ELS / 9623

February 15, 2021

The Chairman / Managing Director & Chief Executives of All Member Banks

Dear Sir / Madam,

IBA Model Educational Loan Scheme for Pursuing Higher Education in India and Abroad, 2021

In 2000, pursuant to the Finance Minister’s meeting with the Chief Executives of public sector banks, IBA had constituted a Study Group to examine the role of commercial banks in facilitating the pursuit of higher education. Based on recommendations made by the Study Group, IBA had prepared a Model Educational Loan Scheme in the year 2001, which has been modified from time to time. The scheme was last modified in the year 2015 based on experience gained in the implementation /operation of the scheme over the years.

In October 2018, a review exercise was taken up w.r.t. the following aspects

1. Incorporate the changes in the scheme keeping in view the operational difficulties and updation made in Central Sector Interest Subsidy Scheme (CSIS) as revised – applicable w.e.f. April 01, 2018;
2. To make the scheme more transparent for students;
3. To minimize scope for multiple interpretations leading to disputes.

Accordingly, IBA constituted a Working Group to undertake the task of modifying the Educational Loan Scheme and prepare a structure / format of the revised Educational Loan Scheme. The working group had a series of meetings and after detailed deliberations, finalized the revised scheme. The revised model scheme was approved by the DFS.

Bank Employees DA for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

The revised Model Educational Loan Scheme with proposed changes by the DFS was approved by the IBA Managing Committee in its meeting held on January 15, 2021, for adoption and implementation by the member banks.

Further, since the scheme is a model scheme, Banks may adopt their board approved policy for risk mitigation with regard to individual colleges and courses, etc.

The revised IBA Model Educational Loan Scheme for Pursuing Higher Education in India and Abroad, 2021 is enclosed for your necessary action.

Yours faithfully,
sd / –
D K Malhotra
Senior Advisor
(M): +91 – 7042718881

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Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/ G2/2020-21/9590

February 1, 2021

Designated Officers of all Nationalised Banks and State Bank of India

Dear Sir/Madam.

Dearness Relief payable for the period February 2021 to July 2021 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period February 2021 to July 2021 on Ex-gratia will be as under :

Yours faithfully

S K Kakkar
Senior Advisor (HR & IR)

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Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/76/D/2020/9381
December 2, 2020

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 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015 (Revised)

Please refer to our Cir HR&IR/76/ D/2020/9282 dated November 3, 2020, wherein we had advised DA rates to be paid for the month of November, December 2020 & January 2021

2. The Circular was issued by considering the Consumer. Price Index (CPI) of September 2020 which is 118 as published by Ministry of Labour & Employment, Chandigarh vide its notification no. 23/15/2020- FLS dated 22.10.2020.

3. However, they have now revised the CPI of September 2020 at 118.1 as published in its notification no. F.NO.5/1/2020- CPI dated 27.11.2020. Accordingly, please note the necessary changes as under:-

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended September 2020 are as follows:-

July 2020 – 7669.50
August 2020 – 7715.15
September 2020 – 7763.73 (Base 2016 = 100)

The average CPI of the above is 7716.13 and accordingly the number of DA slabs are 819 (7716 – 4440= 3276/4= 819 Slabs) The last quarterly Payment of DA was at 775 Slabs. Hence there is an increase in DA slabs of 44 i.e. 819 Slabs for payment of DA for the quarter November, December 2020 & January 2021.

Bank Employees DA for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

Dearness Allowance for Bank Employees for the months of November, December 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

5. 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 November, December 2020 & January 2021 shall be 81.90 % 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)

Download Order

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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.

Revised rates of Variable Dearness Allowance Minimum Wages for Sweeping and Cleaning Worker w.e.f 1st October 2020 – Central Government Employees News

• 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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Revised Scales of Pay Clerical Staff and Subordinate Staff w.e.f 1st Nov, 2017: 11th BI-Partite Settlement Dtd. 11 Nov 2020

In modification of Clause 4 of Bipartite Settlement dated 25th May, 2015, with effect from 1st November, 2017 the scales of pay shall be as under:

Clerical Staff

Subordinate Staff

Note:

1. Fitment in the new scales of pay shall be on a stage-to-stage
2. There shall be no change in the dates of annual increments because of the
3. In the case of Ex-servicemen category employees who have joined the Banks on and after 1st November, 2017 up to the date of this Settlement, the fixation/ fitment in the pay scales already given/ eligible to be given under the Settlement dated 25th May, 2015 shall be refixed as per the provisions of this
4. All employees belonging to sub-ordinate cadre shall be eligible for one extra increment for passing JAIIB and two increments for passing CAIIB examination w.e.f 1.11.2017

Meeting at IBA Committee – signing the 11th Bipartite Settlement

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Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2020 & January 2021

Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ 76/D/2020/9282
November 3, 2020

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 2020 & January 2021 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended September 2020 are as follows:-

The average CPI of the above is 7713.93 and accordingly the number of DA slabs are 818 (7713 – 4440= 3273/4= 818 Slabs) The last quarterly Payment of DA was at 775 Slabs. Hence, there is an increase in DA slabs of 43 i.e. 818 Slabs for payment of DA for the quarter November, December 2020 & January 2021.

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2020 under X BPS/ Joint Note dated 25.5.2015

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 November, December 2020 & January 2021 shall be 81.80 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Also check: Expected DA 2020 for Central Government Employees

Yours faithfully,

S K KakKar
Senior Advisor (HR&IR)

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