DA from November to January 2023 to Bank Employees – Orders issued

DA from November to January 2023 to Bank Officers and Staff

Bank Dearness Allowance for November 2022, December 2022 & January 2023 @ 38.92% – 556 Slabs for Workman and Officer Employees under XI BPS: IBA Order issued on 01.11.2022

Expected Dearness Allowance Calculator from January 2023

Indian Banks’ Association

HR & Industrial Relations
HR&IR/MBR/76/D/2022-23/11592
November 1, 2022

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 2022 and January 2023 under XI BPS/ Joint Note dated 11.11.2020
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2022 as published by Govt. of India in its website Labour Bureau are as follows:-

July – 2022 – 8539.44
August – 2022 – 8559.16
September – 2022 – 8631.48

The average CPI of the above is 8576.69 and accordingly, the number of DA slabs is 556 (8576 — 6352= 2224/4= 556 Slabs). The last quarterly Payment of DA was at 526 Slabs. Hence, there is an increase in DA slabs of ‘30’ i.e. 556 Slabs for payment of DA for the months of November, December 2022, and January 2023.

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 2022, and January 2023 shall be 38.92 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

Click to view the DA Order for Bank Employees from Nov to Jan 2023

Expected Bank DA from Feb 2023 Calculator