Indian Banks’ Association
HR & Industrial Relations
HR&IR/MBR/76/D/2022-23/11592
November 1, 2022
All Members of the Association
(Designated Officers)
Dear Sir/ Madam,
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2022 as published by Govt. of India in its website Labour Bureau are as follows:-
July 2022 8539.44
August 2022 8559.16
September 2022 8631.48
The average CPI of the above is 8576.69 and accordingly the number of DA slabs are 556 (8576 — 6352= 2224/4= 556 Slabs). The last quarterly Payment of DA was at 526 Slabs. Hence, there is an increase in DA slabs of ‘30’ i.e. 556 Slabs for payment of DA for the months November, December 2022 and January 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 November, December 2022 and January 2023 shall be 38.92 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Yours faithfully,
Brajeshwar Sharms
Senior Advisor (HR&IR)
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