DA for Bank Employees from Nov 2024 to Jan 2025 as per 12th BPS– IBA ORDER
Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&IR/76/D/2024-25/1550
November 7, 2024
All Members of the Association
(Designated Officers)
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of November 2024, December 2024 and January 2025 under XII BPS/ 9th Joint Note dated 08.03.2024
The confirmed All India Average Consumer Price Index for Industrial Workers (Base 2016= 100) for the quarter ended September 2024 are as follows:-
July 2024 – 142.7
August 2024 – 142.6
September 2024 – 143.3
The average CPI of the above is 142.86 and accordingly the number of points over 123.03 are 19.83 (142.86 – 123.03) The last average quarterly CPI was 140.23. Hence, there is an increase of 2.63 points for November 2024, December 2024 & January 2025.
In terms of clause 13 of the 12th Bipartite Settlement dated 08.03.2024 and clause 2 (i) of the Joint Note dated 08.03.2024, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of November 2024, December 2024 & January 2025 shall be 19.83% of pay‘ (0.01 % change in DA on ‘pay’ for change in every second decimal place of CPI 2016 over 123.03 points)
Yours faithfully,
Brajeshwar Sharma
Senior Advisor (HR&IR)
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