DA for Bank Officials from Nov, Dec 2013 and Jan 2014

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DA for Bank Officials from Nov, Dec 2013 and Jan 2014

Indian Bank Association has uploaded an order in thier official website regarding Dearness allowance for Workmen and Officer Employees in Banks.

The order said, after releasing the AICPIN(I-W) for the month of September 2013, the percentage of Dearness allowance is increased to 96.15%. The official order has been reproduced and given below for your information...

Indian Banks' Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2013-14/8190 
1st November, 2013

All Members of the Association 
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2013 & January 2014 under IX BPS/Joint Note dt. 27.4.10 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2013 are as follows:-

July 2013 -   5364.09
Aug 2013 -   5409.74
Sept 2013 -  5432.56

Consequently, dearness allowance to employees is payable for 641 slabs for the period November, December 2013 & January 2014 i.e. an increase of 48 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 November, December 2013 & January 2014 shall be 96.15% 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,
sd/-
K.S.Chauhan
Senior Vice President

Source: www.iba.org.in
[http://www.iba.org.in/Documents/DearnessAllowanceWorkmenOfficerEmployees.pdf]

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