Dearness Allowance for Workmen and Officer Employees in banks for the monthsof November, December 2022 and January 2023

HR & Industrial Relations

HR&IR/MBR/76/D/2022-23/11592

November 1, 2022

Indian Banks' Association

All Members of the Association

(Designated Officers)

Dear Sir/Madam,

11.11.2020

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2022 and January 2023 under XI BPS/ Joint Note dated

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,

Whrajesh

Brajeshwar Sharma

Senior Advisor (HR&IR)

World Trade Centre Complex, Centre 1, 6th Floor, Cuffe Parade, Mumbai - 400 005. Tel. +91-22 2217 4040 +91 22 2218 4222/2215 4131

website: www.iba.org.in