Dearness Allowance for Bank Employees from May to July 2021 – IBA Circular

Dearness Allowance from May to July 2021 @ 25.69% in Bank for Workmen and Officer Employees – IBA Circular

Indian Banks Association
HR & Industrial Relations

HR&IR/MBR/76/D/9875

May 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 May, June & July 2021 under X BPS/ 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 March 2021 as published by Govt. of India in its website Labour Bureau are as follows:-

January 2021: 7770.30
February 2021: 7822.89
March 2021: 7862.33

The average of the above is 7818.51 and accordingly, the number of DA slabs works out to 367 (7818.51 – 6352 = 1466.51/4= 367 Slabs) The payment of DA for the months February, March and April 2021 was at 374 Slabs. Hence, there is a decrease of 7 slabs of DA i.e. 374 -367 Slabs for payment of DA for the months’ May, June & July 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 May, June & July 2021 shall be 25.69 % of `pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S K Kakkar
Senior Advisor (HR & IR)

Click to view the DA Order from May 2021 PDF