CSD AFD Online Portal Login 2023Dearness Relief to Bank Pensioners from February 2018 to July 2018 – IBA Orders
Dearness Relief payable to Pensioners for the period February 2018 to July 2018
Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&IR/D/G2/2017-18/4433
February 1, 2018
(Designated Officers of all Members Banks which are parties to the Bipartite Settlements on Pension
Dear Sirs,
Dearness Relief payable to Pensioners for the period February 2018 to July 2018
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2017 are as follows:-
October 2017 – 6551.03
November 2017 – 6573.86
December 2017 – 6528.21
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.
Pending amnedments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2018 to July 2018 as per Annexure.
Yours faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)
Authority: http://www.iba.org.in/
DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2018 under X BPS/Joint Note 25.5.2015
Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&1R/76/D/2017-18/4431
February 1, 2018
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 2018 under X BPS/Joint Note 25.5.2015
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2017 are as follows:-
October 2017 – 6551.03
November 2017 – 6573.86
December 2017 – 6528.21
The average CPI of the above is 6551 and accordingly the number of DA slabs are 527(6551-4440=2111/4= 527 Slabs). The last quarterly Payment of DA was at 516 Slabs. Hence there is an increase in DA slabs of 11, i.e 527 Slabs for payment of DA for the quarter February, March & April 2018.
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 2018 shall be 52.70% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Yours faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)
Authority: http://www.iba.org.in/