01 Feb, 2021 9:54p.m.

Dearness Allowance payable to bank employees

dearness-allowance-payable-to-bank-employees

ALL INDIA BANK OFFICERS’ CONFEDERATION
(Registered under the Trade Unions Act 1926, Registration No. 3427/ Delhi)
6th Floor, E-Block, Samriddhi Bhavan, 1, Strand Road, Kolkata -700 001
c/o State Bank of India Officers’ Association (Bengal Circle)
Phone: 2210-1234, Fax: (033) 2210-2210

Circular No. 2021/06

Date: 29.01.2021

To All Affiliates (Please Circulate)

DEARNESS ALLOWANCE

The Index Numbers for the quarter ended December 2020 are as under:

Month Index as per 2016 series Index as per 2016 series Index as per 1960 series
Oct 2020 119.5 4.63 X 4.93 X 2.88 7855.74
Nov 2020 119.9 4.63 X 4.93 X 2.88 7882.06
Dec 2020 118.8 4.63 X 4.93 X 2.88 7809.74
Total     23547.54
Average 23547.54 / 3 7849.18
  Rounded off 7849

 

Difference in excess of 6352 points 1497
Number of slabs 374
D.A. paid for the previous quarter on slabs 341
Difference 33

Accordingly, Dearness Allowance is payable to Officers on 374 (i.e.341 +33) slabs with effect from 01-02-2021 as against 341 slabs for the previous quarter. The rates of Dearness Allowance at various stages of basic pay are furnished overleaf. The rates worked out are as per the industry level scales up to Scale VII including SBI. Please note that DA of Rs.13.86 is to be added at every stage (difference amount of increase on Learning allowance).

With greetings,

Yours comradely,

(Soumya Datta)
General Secretary






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