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Latest Central Govt employees news today and 7th CPC pay matrix

Revised 7th CPC Pay Matrix
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Right time to demand the constitution of 8th Central Pay Commission
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Fitment Factor 3.68 and Minimum Pay Rs.26000
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Dearness Allowance for Bank for August, Sep and October 2020

August 6, 2020 G. Buvaneswari

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2020 under X BPS/ Joint Note dated 25.5.2015

HR & Industrial Relations

No.CIR/HR&IR/76/D/2020/9018
August 3, 2020

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2020 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 June 2020 are as follows:-

April 2020 – 7509.72
May 2020 – 7532.55
June 2020 – 7578.20

The average CPI of the above is 7540 and accordingly the number of DA slabs are 775 (7540 – 4440= 3100/4= 775 Slabs) The last quarterly Payment of DA was at 761 Slabs. Hence there is an increase in DA slabs of 14 i.e. 775 Slabs for payment of DA for the quarter August, September & October 2020

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of August, September & October 2020 shall be 77.50 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

View the IBA Circular

Related posts:

  1. BANK DA from November to January 2020 shall be 71.7 %
  2. Banking DA from February 2017
  3. DA for Bank Staffs for November, December 2020 and Jan 2021
  4. Dearness Allowance for Banks for the months of Nov 2022 to Jan 2023 under XI BPS/Joint Note dated 11.11.2020

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