CENTRAL GOVERNMENT EMPLOYEES NEWS

DA for Bank Employees and Pensioners from Aug 2018

August 6, 2018

DA for Bank Employees and Pensioners from Aug 2018

DA for Bank Employees and Pensioners from August, September and October 2018 under 10th BPS

Dearness Allowance for Workmen and Officer Employees in Banks for the month of August, September and October 2018 under 10th BPS / Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2018 are as follows…

April 2018 – 6573.86
May 2018 – 6596.69
June 2018 – 6642.34

The average CPI of the above is 6604.29 and accordingly the number of DA slabs is 541 (6604.29 – 4440 = 2164.29 / 4 = 541 Slabs).

In the last quarter, payment of DA was at 529 slabs. Hence, there is an increase in DA Slabs of 12, i.e. 541 slabs for payment of DA for the quarter August, September and October 2018.

In therms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance to workmen and officer employees for the months of August, September and October 2018 shall be 54.10% of ‘Pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

DA AUG SEP OCT 2018

DA Pensioners – Aug 18 to Jan 19

Ex-gratia-030818

Authority: http://www.iba.org.in

Related posts:

  1. Aug, Sep & Oct 2017 DA for Bank Employees as per 10th BPS
  2. DA to Bank Staff from May 2018 – IBA Circular
  3. DA for Bank Employees : IBA issued orders for next quarter from Feb to Apr 2017
  4. Dearness Relief to Bank Pensioners from February 2018 to July 2018 – IBA Orders
  5. DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note
  6. Dearness Relief to Bank Pensioners for the period August 2017 to January 2018 – IBA Circular

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