Bank Dearness Allowance for May-26, Jun-26 and Jul-26 @ 59.92% under XI BPS/8th Joint Note: IBA Order

Bank Dearness Allowance for May-26, Jun-26 and Jul-26 @ 59.92% under XI BPS/8th Joint Note: IBA Order

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2026-27/3174

May 2, 2026

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 May, June and July 2026 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 March 2026 are as follows:-

Previous: Bank Dearness Allowance for Feb-26, Mar-26 and Apr-26 @ 59.08% under XI BPS/8th Joint Note: IBA Order

The average CPI of the above is 9777.52 and accordingly the number of DA slabs are 856 (9777.52 – 6352=3425.52/4 = 856 slabs). The last average quarterly CPI was 844. Hence, there is an increase in DA by 12 slabs for payment of DA for the months May, June and July 2026.

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 2026 shall be 59.92% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Sd/-
Arvind Misra
Senior Advisor (HR&IR)