Indian Banks’ Association
HR & Industrial Relations
August 1, 2019
All Members of the Association
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2019 under X BPS/ Joint Note dated 25.5.2015
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended June 2019 are as follows:-
April 2019 – 7121.68
May 2019 – 7167.33
June 2019 – 7212.98
The average CPI of the above is 7167.33 and accordingly the number of DA slabs is 681 (7167.33-4440 = 2723.33/4= 681 slabs). In the last Quarter, payment of DA was at 645 slabs. Hence, there is an increase in DA slabs of 36, i.e. 681 slabs for payment of DA for the quarter August, September & October 2019.
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 2019 shall be 68.10 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Senior Advisor( HR&IR)