Dearness Allowance from May to July 2021 @ 25.69% in Bank for Workmen and Officer Employees – IBA Circular Indian Banks Association HR & Industr
Dearness Allowance from May to July 2021 @ 25.69% in Bank for Workmen and Officer Employees – IBA Circular
Indian Banks Association
HR & Industrial Relations
May 1, 2021
All Members of the Association
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2021 under X BPS/ 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 March 2021 as published by Govt. of India in its website Labour Bureau are as follows:-
January 2021 – 7770.30
February 2021 – 7822.89
March 2021 – 7862.33
The average of the above is 7818.51 and accordingly the number of DA slabs works out to 367 (7818.51 – 6352 = 1466.51/4= 367 Slabs) The payment of DA for the months February, March and April 2021 was at 374 Slabs. Hence, there is a decrease of 7 slabs of DA i.e. 374 -367 Slabs for payment of DA for the months May, June & July 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 May, June & July 2021 shall be 25.69 % of `pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
S K Kakkar
Senior Advisor (HR & IR)