Indian Banks’ Association
HR & Industrial Relations
No.CIR/HR&IR/76/D/2020/9018
August 3, 2020
All Members of the Association
(Designated Officers)
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2020 under X BPS/ Joint Note dated 25.5.2015
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2020 are as follows:-
April 2020 – 7509.72
May 2020 – 7532.55
June 2020 – 7578.20
The average CPI of the above is 7540 and accordingly the number of DA slabs are 775 (7540 – 4440= 3100/4= 775 Slabs) The last quarterly Payment of DA was at 761 Slabs. Hence there is an increase in DA slabs of 14 i.e. 775 Slabs for payment of DA for the quarter August, September & October 2020
Also Read :Â
IBA Order : Dearness Relief to Pensioners from August 2020 to January 2021
IBA DR ORDER : Dearness Relief from August 2020 to Jan 2021 to surviving pre 1.1.1986 retirees
In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of August, September & October 2020 shall be 77.50 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Yours faithfully,
S K Kakar
Senior Advisor (HR&IR)
