Dearness Allowance Payable to Bank Employees from 1st Feb, 2021 to 30th April, 2021

Dearness Allowance Payable to Bank Employees on 374 (i.e.341+33) slabs from 1st February, 2021 to 30th April, 2021

ALL INDIA BANK OFFICERS’ CONFEDERATION
(Registered under the Trade Unions Act 1926, Registration No. 3427/ Delhi)
6th Floor, E-Block, Samriddhi Bhavan, 1, Strand Road, Kolkata -700 001
c/o State Bank of India Officers’ Association (Bengal Circle)
Phone: 2210-1234, Fax: (033) 2210-2210

Circular No. 2021/06

Date: 29.01.2021

To All Affiliates (Please Circulate)

DEARNESS ALLOWANCE

The Index Numbers for the quarter ended December 2020 are as under:

Month	Index as per 2016 series	Index as per 2016 series	Index as per 1960 series
Oct 2020	119.5	4.63 X 4.93 X 2.88	7855.74
Nov 2020	119.9	4.63 X 4.93 X 2.88	7882.06
Dec 2020	118.8	4.63 X 4.93 X 2.88	7809.74
Total			23547.54
Average	23547.54 / 3	7849.18
	Rounded off	7849

Difference in excess of 6352 points	1497
Number of slabs	374
D.A. paid for the previous quarter on slabs	341
Difference	33

Accordingly, Dearness Allowance is payable to Officers on 374 (i.e.341 +33) slabs with effect from 01-02-2021 as against 341 slabs for the previous quarter. The rates of Dearness Allowance at various stages of basic pay are furnished overleaf. The rates worked out are as per the industry level scales up to Scale VII including SBI. Please note that DA of Rs.13.86 is to be added at every stage (difference amount of increase on Learning allowance).

With greetings,

Yours comradely,

(Soumya Datta)
General Secretary

Click here to view/download the pdf