Finally something to cheers up for Bank Employees. Bank Employees has received the Diwali Dhamaka in form of DA (Dearness Allowance). IBA has declared that the DA for Month of Dec-Feb 2013 Would Be 80.25% with increase of 25 slabs to 535.
IBA has declared that the DA for the Month of Nov-Jan 2013 would be 76.50% with increase in 42 Slabs to 510.
See What IBA Circular Said about this :
Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December, 2012 & January 2013 under IX BPS/Joint Note http://www.phpaide.com/demos/ContactForm/ dt. 27.4.10
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended September 2012 are as follows:
July 2012 – 4839.09
August 2012 – 4884.74
September 2012 – 4907.56
Consequently, dearness allowance to employees is payable for 510 slabs for the period November, December 2012 & January 2013 i.e. an increase of 42 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 November, December, 2012 & January 2013 shall be 76.50 % 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.
Good Luck and Enjoy Diwali. Happy Diwali !!!! Another Dhamaka is coming in form of Salary Revision