Bank Dearness Allowance for May-26, Jun-26 and Jul-26 @ 25.70% under XII BPS/9th Joint Note: IBA Order

Bank Dearness Allowance for May-26, Jun-26 and Jul-26 @ 25.70% under XII BPS/9th Joint Note: IBA Order dated 02.05.2026

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2026-27/3173 May 2, 2026

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 2026 under XII BPS/ 9th Joint Note dated 08.03.2024

The confirmed All India Average Consumer Price Index for Industrial Workers (Base 2016 = 100) for the quarter ended March 2026 are as follows:-

The average CPI of the above is 148.73 and accordingly the number of points over 123.03 are 25.70 (148.73 – 123.03) The last average quarterly CPI was 148.03. Hence, there is an increase of 0.70 points for May, June and July 2026.

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

In terms of clause 13 of the 12th Bipartite Settlement dated 08.03.2024 and clause 2 (i) of the Joint Note dated 08.03.2024, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of May, June and July 2026 shall be 25.70% of ‘pay’ (0.01 % change in DA on ‘pay’ for change in every second decimal place of CPI 2016 over 123.03 points)

Yours faithfully,

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

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