DA for Bank Employees from Feb 2022 to Apr 2022, IBA Order
HR & Industrial Relations
February 1, 2022
All Members of the Association
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2022 under XI BPS/ Joint Note dated 11.11.2020
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2021 are as follows:-
The average CPI of the above is 8239.24 and accordingly the number of DA slabs are 471 (8239 – 6352= 1887/4= 471 Slabs). The last quarterly Payment of DA was at 434 Slabs. Hence, there is an increase in DA slabs of 37 i.e. 471 Slabs for payment of DA for the quarter February, March and April 2022.
- Dearness Relief to Bank Pensioners from February 2022 to July 2022: IBA Circular
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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 2022 shall be 32.97 % of `pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Brajeshwar Sharma Senior Advisor (HR&IR)