Indian Banks’ Association
HR & Industrial Relations
HR&IR/MBR/76/D/2023-24/11709
February 1, 2023
All Members of the Association
(Designated Officers)
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2022 are as follows:-
October 2022 – 8710.36
November 2022 – 8710.36
December 2022 8697.22
The average CPI of the above is 8705 and accordingly the number of DA slabs are 588 (8705-6352= 2353/4= 588 Slabs). The last quarterly Payment of DA was at 556 Slabs. Hence, there is an increase in DA slabs of “32” i.e. 588 Slabs for payment of DA for the quarter February, March & April, 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 February, March & April. 2023 shall be 41.16% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.
Yours faithfully,
Brajeshwar Sharma
Senior Advisor (HR&IR)
🕑 19 Mar,23 11:52a.m.
No plans to link CGHS with Ayushman Bharat Health Account account
🕑 14 Mar,23 8:54p.m.
Cabinet likely to decide the Dearness Allowance hike tomorrow
🕑 13 Mar,23 9:21p.m.
Govt at Lok Sabha: DA / DR arrears are not considered feasible
🕑 11 Mar,23 10:13a.m.
RBE: Old Pension for railway staff whose posts notified before NPS
🕑 09 Mar,23 9:33p.m.
Clarification on handling railway mutual tansfer of the staff in Level-1
🕑 09 Mar,23 9:20p.m.
Notification on CCSs (Extraordinary Pension) Rules, 2023
🕑 09 Mar,23 9:15p.m.
Railways to call 5 times the vacancies for 30% LDCE Promotions to Gr B posts
🕑 09 Mar,23 9:11p.m.
Sharing of family pension under Central Civil Services
🕑 05 Mar,23 6:31p.m.
Clarification on the provisions under Income Tax on NPS transactions
🕑 23 Feb,23 2:10p.m.
How to get higher EPFO pension: Explained
🕑 17 Feb,23 7:39p.m.
Budget effect: Banks offering up to 9.5% interest on term deposits
🕑 02 Feb,23 8:28p.m.
What is Senior Citizen Savings Scheme which brought cheers to Sr. Citizens?
🕑 02 Feb,23 1:42p.m.
An additional ₹ 1 can can cost you ₹25,000 in IT under the new tax regime
🕑 01 Feb,23 8:57p.m.
Who should opt for the new tax regime?
🕑 31 Jan,23 8:35p.m.
Budget 2023: Here Are 5 Expected Income Tax Announcements
🕑 28 Jan,23 8:19a.m.
What does ChatGPT says about union budget 2023?
🕑 18 Jan,23 12:11p.m.
Explained: Income Tax Exemption Vs Rebate Vs Deductions
🕑 10 Jan,23 8:09p.m.
📈 Expected Dearness Allowance (DA) from January 2024 Calculator