Bank News: Dearness Allowance for Workmen and Officer Employees in banks for November, December 2021 & January 2022 @ 30.38 % of ‘pay’

Bank News: Dearness Allowance for Workmen and Officer Employees in banks for November, December 2021 & January 2022 @ 30.38 % of ‘pay’

Bank News: Dearness Allowance for Workmen and Officer Employees in banks for November, December 2021 & January 2022 @ 30.38 % of ‘pay’

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 2021 – 8072.70
August 2021 – 8085.85
September 2021 – 8105.57

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 1.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.

Read also |  Variable D.A. and Minimum Wages for Industrial Workers employed in Good Sheds, Parcel Offices, Docks and Ports and Cargo at Airports effective from 01.10.2020

Yours faithfully,
Sd/-
Brajeshwar Sharma

Senior Advisor (HR&IR)

Bank News: Dearness Allowance for Workmen and Officer Employees in banks for November, December 2021 & January 2022 @ 30.38 % of ‘pay’

[https://www.iba.org.in/circulars/dearness-allowance-for-workmen-and-officer-employees-in-banks-for-the-months-of-november-december-2021-andamp-january-2022-under-xi-bps-8th-joint-no_1200.html]

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