IBA Circulars : IBA published Dearness Allowance Orders to Bank employees and Officers
IBA Circulars : IBA published Dearness Allowance Orders to Bank employees
Indian Bank Association has published orders on increasing of Dearness allowance to workmen and officer employees in banks for the period August, September and October 2013 under IX BPS/Joint Note date 27.4.2010 as follows...
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
1st August, 2013
All Member of the Association
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2013 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 June 2013 are as follows:
April 2013 - 5158.65
May 2013 - 5204.31
June 2013 - 5272.78
Consequently, dearness allowance to employees is payable for 593 slabs for the period August, September & October 2013 i.e. an increase of 32 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 August, September & October 2013 shall be 88.95% 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.
Deputy Chief Executive
Source : www.iba.org.in