HR & Industrial Relations
April 29, 2023
All Members of the Association
Dear Sir/ Madam,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July, 2023_ under XI BPS/ 8th Joint Note dated 11.11.2020
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2023 are as follows:-
January 2023 8730.09
February 2023 8723.51
March 2023 8762.95
The average CPI of the above is 8738 and accordingly the number of DA slabs are 596 (8738-6352=2386/4=596 Slabs). The last quarterly Payment of DA was at 588 Slabs. Hence, there is an increase in DA slabs of ‘8’ i.e. 596 Slabs for payment of DA for the months May, June and July, 2023.
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 and July, 2023 shall be 41.72 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Senior Advisor (HR&IR)
🕑 07 Jun,23 4:46p.m.
Cabinet Approves Revival Package for BSNL, focusing on 4G & 5G
🕑 07 Jun,23 1:46p.m.
Government Plans to Shut Down MTNL and Transfer Operations to BSN
🕑 06 Jun,23 9:19a.m.
Pensioners Samaj writes to FM demainding the FMA to ₹ 3000 pm
🕑 04 Jun,23 8:02a.m.
Final Chance: Submit Your APAR by 10.06.2023
🕑 02 Jun,23 10:29a.m.
DA Hike from July 2023: Will it be 3% or 4%? Find Out Now!"
🕑 31 May,23 9:56p.m.
With April CPI-IW released, 45% Dearness Allowance from July 2023
🕑 30 May,23 4:38p.m.
BPMS demand cashless treatment for serving CG staff under CGHS/CS(MA)
🕑 30 May,23 4:34p.m.
Reservation in promotions – Procedure to be followed
🕑 26 May,23 8:18p.m.
Accessible formats of courses for persons with disability on iGOT
🕑 26 May,23 8:07p.m.
Delhi High Court Protects Government Servants' Fundamental Rights
🕑 07 Jun,23 10:56a.m.
Central Government Health Scheme (CGHS): A Comprehensive Guide
🕑 13 Apr,23 3:19p.m.
Pension system revision, will it go back to the old way?.
🕑 10 Apr,23 11:58a.m.
What the government might implement under NPS?
🕑 06 Apr,23 12:10p.m.
In a major relief for the loan borrowers, RBI keeps repo rate unchanged
🕑 04 Apr,23 8:01p.m.
FAQs on Kendriya Vidyalaya class 1 admission
🕑 25 Mar,23 1:23p.m.
Committee to explore ways to guarantee pension similar to OPS
🕑 25 Mar,23 11:09a.m.
Happy times: DA hiked by 4% to 42%. Hopes for assured pension
🕑 23 Mar,23 1:34p.m.
New app for taxpayers to view TDS, interest, dividend income information
🕑 22 Mar,23 1:34p.m.
Five tax saving investment options to get tax free returns
🕑 23 Feb,23 2:10p.m.
How to get higher EPFO pension: Explained