DA for Bank Employees for Aug, Sep & Oct 2017 as per 10th BPS

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2017 under X BPS/Joint Note dated 25.5.2015

Indian Banks’ Association

HR & Industrial Relations

No. CIR/HR&IR/76/D/2017-18/3312

August 1, 2017

All Members of the Association

(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2017 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2017 are as follows:-

April 2017 – 6322.77

May 2017 – 6345.60

June 2017 – 6391.25

The average CPI of the above is 6353.21 and accordingly the number of DA slabs is 478 (6353.21-4440 = 1913.21/4 = 478 slabs). The last quarterly payment of DA was at 456 slabs. Hence, there is a increase in DA slabs of 22, i.e. 478 slabs for payment of DA for the quarter August, September & October 2017.

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 August, September & October 2017 shall be 47.80% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S K Kakkar

Senior Advisor

Authority: www.iba.org.in

• Bank Unions have Deferred this Week Bank Strike September 24, 2019
• Bank Unions Declare 2-Day Strike from September 2019 September 17, 2019
• Finmin Clarified – Bank Holidays on Social Networks September 1, 2018
• Loss of Rs 25,000 – Must Read for Every Husband-Wife who have SBI Debit Card June 12, 2018
• Today Start Bank Strike 30th to 31st May 2018 May 30, 2018
• SBI Reports Record Loss Of $1.1 Billion In March Quarter May 23, 2018
• Anomaly in Computation of Pension – SC Judgement April 10, 2018
• IBA Circular – Anomaly in Computation of Pension April 10, 2018
• 2nd Pension Option for Compulsorily Retired Officers/Employees March 23, 2018
• AIBEA Press Release – Condemn the Demand of ASSOCHAM to Pravatise Banks February 27, 2018
• UFBU to Hold Dharna Before Parlaiment on 21.3.2018 February 26, 2018
• IBA – Wage Negotiation : Negotiating Committee Meeting with Unions/Associations February 26, 2018
• Bonus for Bank Employees – Guidelines and Illustrations February 16, 2018
• UFBU Circular – IBA Invites UFBU for Negotiations on Wage Revision February 13, 2018
• Wage Negotiation: Negotiating Committee Meeting with Unions/Associations February 13, 2018
• Subsidizing MDR charges on Debit Card Transactions of value Less than or Equal to Rs.2000 February 12, 2018
• DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note February 6, 2018
• IBA Orders- Dearness Relief to Bank Pensioners from February 2018 to July 2018 February 6, 2018
• RBI Tender Status of ₹ 10 coins of Different Style January 18, 2018
• SAVE BANKING INDUSTRY – ALL INDIA BANK OFFICERS ASSOCIATION January 11, 2018
• Fraud in Linkage of Aadhaar with Bank Accounts and SIM Cards : Rajya Sabha January 9, 2018
• Aadhaar Seeding with Bank Accounts January 5, 2018
• Slow Credit Growth may Delay Revival of Economy: Reserve Bank of India December 24, 2017
• Rs 6,000-crore Equity held Back from Laggard State-Run Banks December 24, 2017
• RBI may be Holding back Rs 2k Notes: SBI Report December 21, 2017
• Writes to Finance Minister(Arun Jaitley) Regarding Gratuity Ceiling – UFBU December 12, 2017
• Bonus for Bank Employees – Guidelines and Illustrations December 12, 2017
• UFBU Meeting was Held in Mumbai in 13-11-2017 – AIBEA Circular December 8, 2017
• Addendum to SB Order No. 15 / 2017 | Latest Orders 7.12.2017 December 8, 2017
• Process of Bulk Upload of Aadhaar Number with SB CIF December 8, 2017
• Reserve Bank of India (RBI) Caps Charges on Debit Card Transactions at Merchant Outlets December 8, 2017
• Mandatory Use of Savings Account for Credit of Maturity/Premature values, Monthly/Quarterly/Yearly interest in case of MIS/SCSS/TD accounts and investments from 01st December 2017 November 30, 2017
• Bank Wage Revision – Discussions with IBA on 14.11.2017 November 19, 2017
• RBI Orders : Banking Facility for Senior Citizen November – 2017 November 13, 2017
• Reserve Bank of India (RBI) Employees and Officers Stage Protests on Pension issue November 5, 2017
• Expected DA Calculate Workmen and Officer Employees in Bank Months Of Novem-Decem-17: january – 18 November 2, 2017
• CIRCULAR : United Forum Of Bank Unions October 31, 2017
• Bank Employees Federation of India – Circular No. 29/2017 October 31, 2017
• Negotiating Committee Meeting with Unions & Associations October 27, 2017
• Making Mobile Phone Number MANDATORY While Opening of a New Account in any of the P.O. Small Saving Schemes – Regarding October 25, 2017
• SB Order No. 15/2017 : Mandatory Use of Savings Account for credit of Maturity & Premature values October 7, 2017
• Solution for Transfer of BULK ACCOUNTS during SOL Merger – DOP Finacle October 7, 2017
• SB Order No.14/2017 : Printing of Passbooks in CBS Post Offices October 6, 2017
• Morcha to Parliament – A Grand Success – More than 30000 Participated September 26, 2017
• SBI Monthly Average Balance (MAB) in Savings Bank Accounts to be Revised w.e.f. 01/10/2017 September 25, 2017
• Is it Really Mandatory to Link Aadhaar with Bank Account and Mobile September 22, 2017
• Bank DA Calculation and Formula September 19, 2017
• Govt to Issue Rs 100, Rs 5 coins to Mark MGR Birth Centenary September 14, 2017
• Bank Pay Revision 11th BPS: Meeting of the Core Group (Workmen) Held on 06.09.2017 September 11, 2017
• 11th Bipartite Settlement : Meeting of the Core Group (Workmen) was held on 6.9.2017 September 11, 2017
• Banks to take Immediate Steps to put Restrictions on Bank Accounts of over two lakh ‘struck off’ companies September 10, 2017
• Merger of Associated Banks with State Bank of India-Realignment of Erstwhile CPPCs of SBI and State Bank of Hyderabad September 3, 2017
• RBI Introduces Rs. 200 Denomination Banknote September 3, 2017
• Expected Bank DA Calculator from Nov 2017 September 3, 2017
• Call oF UFBU – Hold Massive Demonstration Against Move for Merger oF PSBs September 3, 2017
• Call of UFBU – Hold Massive Demonstration Against Move for Merger of PSBs August 29, 2017
• Payment of Bonus ACT 2015 August 29, 2017
• Launch of work From Home Facility by SBI August 28, 2017
• One Rank One Pension Scheme for Banking Industry August 28, 2017
• Voluntary Retirement Scheme in SBI August 28, 2017
• Dearness Relief to Bank Pensioners for the period August 2017 to January 2018 – IBA Circular August 27, 2017
• DR for Bank Pensioners for the Period August 2017 to January 2018 August 27, 2017
• DA for Bank Employees for Aug, Sep & Oct 2017 as per 10th BPS August 27, 2017
• Committee for Bank Officers – Joint Circular August 27, 2017