Dearness Allowance for Workmen and Officer Employees in Bank for the month May,June,&July 2015

Dearness Allowance for Workmen and Officer Employees in

Bank for the month May,June,&July 2015

Indian Banks”Association

HR&INDUSTRIAL RELATION

No.CIR/HR&IR/76/D/2015-16/1742
May2,2015

All Members of the Association
(Designated Officers)

Dear sir,

Dearness Allowance for Workmen and Officer Employees in Bank for the month May,June,&July 2015 under IX BPS/Joint Note dt.27.04.2010

The average CPI of the above is 5790.17 Consequently, dearness allowance to employees is payable for 738 slabs for the preiod May, June & July 2015 i.e. an increase of 4 slabs over the current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Jiont Note dated 27.04.2010, the ratr of dearness allowance payable to workmen and officer employees for the month of May,June & July 2015 shall be 110.70% of pay. While arriving at dearness allowance payable,decimals from third place may be ignored.

We advise banks to pay the diffrence between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to officers Service Regulations.

Yours faithfully,

K.S Chauhan
Senior Vice President

Source: http://www.iba.org.in/