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Saturday, February 2, 2013

DA for Bank Employees: 80.25% of ‘pay’ for Feb-2013, Mar-2012 & Apr-2013 - Order issued

Indian Banks' Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/76/D/2012-13/6690
1st February, 2013

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 2013 under IX UPS/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 2012 are as follows:-

October 2012
4953.22
November 2012
4976.05 
December 2012
4998.87


Consequently, dearness allowance to employees is payable for 535 slabs for the period February, March & April 2013 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 2013 shall be 80.25 % 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,

(Prabir Moulik)
Senior Advisor-HR&IR

Source:  http://iba.org.in/upload/DA_Feb_Mar_Apr_2013.pdf

See also:

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2013 under IX UPS/Joint Note dt. 27.4.10--click here

Dearness Relief payable for the period February 2013 to July 2013 to surviving pre 01/01/1986 retirees of banks who are in receipt of Ex-gratia —- click here

Dearness Relief payable to pensioners for the period February 2013 to July 2013—-click here

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