HomeBank DADA for Bank Employees from Nov 2021 to Jan 2022, IBA Order

DA for Bank Employees from Nov 2021 to Jan 2022, IBA Order

DA for Bank Employees from Nov 2021 to Jan 2022, IBA Order

Indian Banks Association

HR & Industrial Relations

HR&IR/MBR/76/D/10517

November 1, 2021

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2021 & January 2022 under XI BPS/ 8th Joint Note dated 11.11.2020

We have to advise that the confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2021 as published by Govt. of India in its website Labour Bureau are as follows:-

July 20218072.70
August20218085.85
September20218105.57

The average of the above is 8088.04 and accordingly the number of DA slabs works out to 434 (8088.04 – 6352= 1736.04/4 = 434 Slabs) The payment of DA for the months August, September & October 2021 was at 397 Slabs. Hence, there is an increase of 37 slabs of DA i.e. 434 -397 Slabs for payment of DA for the months November, December 2021 & January 2022

Accordingly, 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 November, December 2021 & January 2022 shall be 30.38 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Also Read: DA for Bank Employees from Aug to Oct 2021 – IBA Order

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

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