Dearness Allowance for Workmen and Officer Employees
in banks for the months of February. March & April 2015
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/76/D/2014-15/1277
31st January, 2015
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 2015 under IX BPS/Joint
Note dt.27.4.10
The confirmed
All India Average Consumer Price Index Numbers for Industrial Workers (Base
1960= 100) for the quarter ended December 2014 are as follows:-
Oct 2014 -
5774.95
Nov 2014 -
5774.95
Dec 2014 -
5774.95
The average CPI
of the above is 5774.95. Consequently, dearness allowance to employees is
payable for 734 slabs for the period
February. March & April 2015 i.e., an increase of 2 slabs over the current
level.
In terms of
clause 7 of the 9th Bipartite
Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010,
the rate of dearness allowance payable to workmen and officer employees for the
months of February, March & April 2015 shall be 110.10% 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 allowances to
officers on an ad hoc basis, pending amendments to Officers’ Service
Regulations.
Yours faithfully,
Sd/-
K.S.Chauhan
Senior Vice President
Source: http://www.iba.org.in/Documents/Cir_12770001.pdf
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