Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
1st November. 2012
All Members of the Association
Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December, 2012 & January 2013 under IX BPS/Joint Note dt. 27.4.10
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended September 2012 are as follows:
July 2012 – 4839.09
August 2012 – 4884.74
September 2012 – 4907.56
Consequently, dearness allowance to employees is payable for 510 slabs for the period November, December 2012 & January 2013 i.e. an increase of 42 slabs over the current level.
In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of November, December, 2012 & January 2013 shall be 76.50 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
We advise banks to pay the difference between the old and revised salary and allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.