Bank Employees DA for August 2019

Bank Employees DA for August 2019

DA Orders for bank employees from August to October 2019 under 10th BPS

Dearness allowance orders issued by Indian Banks’ Association to bank worker and officers for the month of August, September and October 2019 under X BPS.

Dearness allowance calculation for bank employees is slightly different from the Central Government employees’ DA calculation. Bank DA is still calculate depends on the old CPI base year 1960=100. So, conversion needed to old to new CPI for Average index.

The below table shows the Bank DA calculation method for the month of August, September and October 2019…

M/Y	JUL-19	AUG-19	SEP-19
CPI (IW) BY 2001=100	312	314	316
Converted to CPI BY 1960=100	7121.68	7167.33	7212.98
Average CPI	—	—	7167.33
Minus 4440	—	—	2727.33
DA Slabs (Divided by 4)	—	—	681.00
DA %	—	—	68.10%

As per the settlement of 10th Bipartite, the rate of Dearness allowance payable to workmen and officers for the months of August, September and October 2019 will be 68.10% of Pay.

READ ALSO:

• 11th Bipartite Settlement RRB Wage Revision for Employees and Officers January 16, 2021 Read more…
• DA For Bank Employees from Nov 2020 to Jan 2021 December 3, 2020 Read more…
• All Bank Employees and Officers-Long Awaited 11th Bi-Partite Settlement, 8th Joint Note Signed on 11-11-2020 November 12, 2020 Read more…
• Bank Employees DA from Nov 2020 to Jan 2021 November 6, 2020 Read more…
• BIPARTITE TALKS WITH IBA ON 31-10-2020 – MOVING TOWARDS FINAL SETTLEMENT November 3, 2020 Read more…
• BEFI Letter to Finance Secretary Pension Scheme of Bank Employees and Officers October 29, 2020 Read more…
• Resolution of Pending Issues of Pensioners and Retirees of the Banking Industry along with 11th Bipartite Settlement September 8, 2020 Read more…
• Bipartite Talks with IBA held on 28-08-2020 August 28, 2020 Read more…
• Group Mediclaim Scheme for Bank Pensioners and Retirees August 22, 2020 Read more…
• Bank Employees DA from August 2020 August 1, 2020 Read more…