DA to Bank Employees from August to October 2021

As per the 11th BPS Settlement dated 11.11.2020, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of August, September and October 2021 shall be 27.79 percent of basic salary. IBA Circular dated on 2nd August 2021.

Check Also: Bank DR to Pensioners from August 2021

Indian Banks’ Association

HR & Industrial Relations

HR&IR/MBR/76/D/10194

August 2, 2021

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2021 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 June 2021 as published by Govt. of India in its website Labour Bureau are as follows:

April 2021 – 7895.20
May 2021 – 7928.07
June 2021 – 8000.39

The average of the above is 7941.22 and accordingly the number of DA slabs works out to 397 (7941.22 – 6352= 1589.22= 397 Slabs) The payment of DA for the months May , June and July 2021 was at 367 Slabs. Hence, there is a increase of 30 slabs of DA i.e. 397 -367 Slabs for payment of DA for the months August, September and October 2021.

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 August, September and October 2021 shall be 27.79 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
sd/-
Brajeshwar Sharma
Senior Advisor (HR&IR)

Click to view the IBA Circular in PDF Format