Banking News

Dearness Allowance for Bank Officers, Award staff, and Bank Pensioners (Latest)

Dearness Allowance for Bank Officers, Award staff, and Bank Pensioners (Latest)


[This page is constantly updated to reflect latest DA payable to Bank Officers.The Government of India, Ministry of Labour and Employment, (Labour Bureau), releases Consumer Price Index (Base year 2001=100) for Industrial Workers (CPI-IW), on the last working day of every month.   Banks under X BPS & Joint notes are using the same series of consumer price index (Base year 1960=100); related to previous quarter for calculation of DA for the ensuing quarter.]

The Dearness Allowance payable to employees/Officers is 478 slabs of DA for November 2016, December 2016 and January 2017 in terms of confirmed CPI for April, May, and June 2016. It means an increase of 35 slabs over the current level. Thus, the percentage of DA payable to employees/Officers for the months of November 2016, December 2016 and January 2017 will be @ 47.80% on ‘pay’ (which includes allowances eligible for DA).

DA Chart for November 2016, December 2016 and January 2017

CLICK BELOW

(1)Dearness Allowance for Bank –Officer (click)

(2)Dearness Allowance for Bank – Clerical Staff (Click)

(3)Dearness Allowance for Bank Sub-Staff (Click)

(4) Dearness Relief for Bank Pensioners (CLICK)

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