Dearness Allowance to Bank Employees from Feb 2019
Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&IR/76/D/2018-19/6764
February 1, 2019
All Members of the Association
(Designated Officers)
Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2019 under X BPS/ Joint Note dated 25.5.2015
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960-100) for the quarter ended December 2018 are as follows:-
October 2018Â Â Â Â Â Â –Â Â Â 6893.42
November 2018Â Â Â –Â Â Â Â 6893.42
December 2018Â Â Â Â –Â Â Â 6870.60
The average CPI of the above is 6885 and accordingly the number of DA slabs are 611 (6885-4440= 2445/4= 611 Slabs) The last quarterly Payment of DA was at 607 Slabs. Hence there is a increase in DA slabs of 4, i.e 611 Slabs for payment of DA for the quarter February, March & April 2019
In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April 2019 shall be 61.10 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Yours faithfully,
S K Kakkar
Senior Advisor (HR&IR)
Please pursue the Bank of India to provide an information sheet of
pension details to all its pensioners to ascertain the correctness of
pension credited in their respective pension bank accounts.