Dearness Allowance @ 41.16% for Workmen and Officer Employees in banks for the months of February, March & April, 2023
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April, 2023 under XI BPS/ 8th Joint Note dated 11.11.2020: IBA
Indian Banksโ Association
HR & Industrial Relations
HR&IR/MBR/76/D/2023-24/11709
February 1, 2023
All Members of the Association
(Designated Officers)
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April, 2023 under XI BPS/ 8th Joint Note dated 11.11.2020
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2022 are as follows:-
October 2022 โ 8710.36
November 2022 โ 8710.36
December 2022 8697.22
The average CPI of the above is 8705 and accordingly the number of DA slabs are 588 (8705-6352= 2353/4= 588 Slabs). The last quarterly Payment of DA was at 556 Slabs. Hence, there is an increase in DA slabs of โ32โ i.e. 588 Slabs for payment of DA for the quarter February, March & April, 2023.
In terms of clause 7 of the 11th Bipartite Settlement dated 11.11.2020 and clause 3 of the Joint Note dated 11.11.2020. the rate of Dearness Allowance payable to Workmen and Officer employees for the months of February, March & April. 2023 shall be 41.16% of โpayโ. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Yours faithfully,
Brajeshwar Sharma
Senior Advisor (HR&IR)
Source: IBA
You might also like:
DoPT’s Latest Instructions on Study Leave for AIS Officers on Central Deputation
Deputation Opportunities at the Central Administrative Tribunal (CAT) โ 2024
Apply Now for CTET 2024: Dates, Eligibility, and Syllabus Guide
National Mineral Exploration Trust (NMET) Recruitment 2024: Deputation Vacancies
LTC Air Travel Relaxation for Central Government Employees: Latest Updates and Guidelines
Nomination of Area Welfare Officers (AWOs) for 2025 and 2026