Dearness Allowance Hiked : 54.74% DA for Bank Employees from Feb 2025 Under XI BPS/ 8th Joint Note

As per IBA Circular dated 20.2.2025 the rate of Dearness Allowance hiked to 54.74% from February 2025 fro the employees under XI BPS/ 8th Joint Note dated 11.11.2020

Dearness Allowance Hiked to 54.74% for Bank Employees

Indian Banks’ Association
HR & Industrial Relations

No. HR&IR/76/D/2024-25/1824
February 20, 2025

All Members of the Association
(Who are yet to implement 12th BPS/9th Joint note signed on 08.03.2024-Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2025 under XI BPS/ 8th Joint Note dated 11.11.2020

The confirmed All India Average Consumer Price Index for Industrial Workers (Base 1960= 100) for the quarter ended December 2024 are as follows: –

The average CPI of the above is 9481.70 and accordingly the number of DA slabs are 782 (9481.70 – 6352=3129.70/4 = 782 slabs). The last average quarterly CPI was 759. Hence, there is an increase in DA by 23 slabs for payment of DA for the months February, March and April 2025.

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 and April 2025 shall be 54.74% of pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

View the IBA Circular regarding DA for Bank Employees from Feb 2025 to April 2025