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LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
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LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
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Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
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Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Bank Employees DA Order issued IBA for next quarter from Feb to Apr 2017

February 5, 2017

DA for Bank Employees : IBA issued orders for next quarter from Feb to Apr 2017

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1572

February 1, 2017

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 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 December 2016 are as follows:-

October 2016 – 6345.60
November 2016 – 6322.77
December 2016 – 6277.12

Central Govt Holiday List 2023 PDF | Holiday Calendar 2023 India

The average CPI of the above is 6315 and accordingly the number of DA slabs are 469(6315-4440=1875/4=469 Slabs). The last quarterly Payment of DA was at 478 Slabs. Hence there is a decrease in DA slabs of 9, i.e.,469 Slabs for payment of DA for the quarter February, March and April 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 February, March and April 2017 shall be 46.90 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
sd/-
K.S.Chauhan
Senior Vice President

Click to view the order

Authority : www.iba.org.in

Related News:

  1. DA for Workmen and Officer Employees in banks for the months of February, March & April 2016 under X BPS/ Joint Note dated 25.5.2015
  2. Indian Banks Association – Dearness Relief payable to Pensioners for the period February to July, 2016
  3. IBA – Dearness Relief payable for the period February to July, 2016 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia
  4. Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of February, March & April 2016 under X BPS/ Joint Note dated 25.5.2015-IBA
  5. Dearness Relief payable to Pensioners for the period February to July, 2016 – IBA
  6. Dearness Relief payable for the period February to July, 2016 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia
  7. IBA : Bank DA and DR Orders for the period Aug 2016 to Jan 2017
  8. Dearness Allowance for Bank Employees – IBA Circular issued on 3.8.2015
  9. DA for Bank Employees : IBA issued orders for next quarter from Nov to Dec 2015
  10. IBA Circulars on DA for the months of Nov, Dec and Jan 2017

ALLOWANCE NEWS

Revision of Minimum Wages and Variable Dearness Allowance – Lok Sabha Q and A

IDA from July 2022 at 391% to CPSE Employees for 1997 Pay Scales

DA from July 2022 at 190.8% to CPSE Employees for 2007 Pay Scales

DA from July 2022 at Revised Rate 32.5% to CPSE Employees for 2017 Pay Scales

5th CPC Dearness Relief Order for CPF Beneficiaries from 01.01.2022

GDS Latest News

Review of the Scheme for Engagement of the Dependent of a Deceased GDS on Compassionate Grounds

June 7, 2022 By admin Leave a Comment

34 Percent DA Order to GDS Employees wef 1.1.2022

April 12, 2022 By admin Leave a Comment

Revised GDS Online Engagement Process wef 4th Week of January 2022

January 24, 2022 By admin Leave a Comment

Enhancement of Rs. 20,000/- to Rs. 50,000/- to GDS Employees Suffering from COVID-19

November 25, 2021 By admin Leave a Comment

Review of Security Amount to be Furnished by the Gramin Dak Sevaks (GDS)

November 22, 2021 By admin Leave a Comment

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