11th Bipartite Settlement on 11-11-2020: Dearness Allowance of Bank Employees from 1st November 2017
Dearness Allowance of Clerical Staff and Subordinate Staff w.e.f 1st Nov 2017
In substitution of Clause 7 of Bipartite Settlement dated 25th May 2015 with effect from 1st November 2017, the Dearness Allowance shall be payable as per the following rates: –
Clerical and Subordinate Staff
- 0.07 % of ‘pay’ per slab of four points.
Note:
Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 6352 points in the quarterly average of the All India Average Working-Class Consumer Price Index (General) Base 1960=100.
(a) It is clarified that there shall be no ceiling on Dearness Allowance.
(b) Dearness Allowance shall be calculated and paid on the following components:
- Basic Pay including Stagnation increments,
- Special Pay,
- Graduation Pay/ Professional Qualification Pay,
- Special Allowance,
- Transport Allowance and
- Officiating Pay,
if any, payable under this settlement in respect of both clerical and subordinate staff.
(c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.
For 11th BPS Click: Final BPS 10-11-2020
For 8th Joint Note Click: Joint Note For Officers
For Salient Features of 11th BPS Click: Salient Features of 11th BPS on 11-11-2020