Bank Employees DA increase of 38 slabs @ 51.60% for Nov-17, Dec-17 & Jan-18

04-11-2017

Indian Banks’ Association HR & Industrial Relations No.CIR/HR&IR/76/D/2017-18/3855 November 1, 2017 All Members of the Association (Designated Officers) Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks for the months of November,December 2017 & January 2018 under X BPS/ Joint Note dated 25.5.2015 The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960-100) for the quarter ended September 2017 are as follows:- July 2017 – 6505.38 Aug 2017 – 6505.38 Sep 2017 – 6505.38 The average CPI of the above is 6505 and accordingly the number of DA slabs are 516(6505-4440= 2065/4= 516 Slabs) The last

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