DA for Bank Employees – Increase of 28 slab in Feb to Apr 2016

DA payable to employees for the quarter Feb. to April 2016 shall be 426 slab i.e. an increase of 28 slab over the current level

All Punjab National Bank Staff Federation has published DA increase announcement.

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 quarter February to April 2016 shall be 42.60% of ‘Pay’ against 39.80% of ‘Pay’ applicable for the previous quarter.

Source : All Punjab National Bank Staff Federation