Bank Dearness Allowance for Feb, Mar and Apr 2025 under XI BPS/8th Joint Note: IBA Order

Bank Dearness Allowance for the months of February, March and April 2025  for Workmen and Officer Employees in banks under XI BPS/ 8th Joint Note dated 11.11.2020: IBA Order dated 20.02.2025

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/2024-25/1825

February 20, 2025

Dear Sir/Madam,

Chairman SBI,
MD&CEOs of Public Sector member banks

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2025 under XI BPS/ 8th Joint Note dated 11.11.2020

We are hereby forwarding the IBA circular No. HR&IR/76/D/2024-25/1824 dated February 20, 2025, on the captioned subject.

The same may be used for arriving at the Dearness Allowance for the Chief General Managers of Public Sector banks who are not covered under the 12th Bipartite Settlement.

This is for your information.

Brajeshwar Sharma
Senior Advisor (HR&IR)
Officiating Deputy Chief Executive

Indian Banks’ Association

HR & Industrial Relations

No. HR&IR/76/D/2024-25/1824
February 20, 2025

All Members of the Association
(Who are yet to implement 12th BPS/9th Joint note signed on 08.03.2024-Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2025 under XI BPS/ 8th Joint Note dated 11.11.2020

The confirmed All India Average Consumer Price Index for Industrial Workers (Base 1960= 100) for the quarter ended December 2024 are as follows: –

The average CPI of the above is 9481.70 and accordingly the number of DA slabs are 782 (9481.70 – 6352=3129.70/4 = 782 slabs). The last average quarterly CPI was 759. Hence, there is an increase in DA by 23 slabs for payment of DA for the months February, March and April 2025.

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 February, March and April 2025 shall be 54.74% of pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)