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Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2016 & January 2017 under X BPS/ Joint Note dated 25.5.2015 Indian Banks' Association HR & Industrial Relations No. CIR/HR&IR/76/D/2016-17/1338 November 1, 2016 All Members of the Association (Designated Officers)\ Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2016 & January 2017 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 2016 are as follows:-  July 2016 - 6391.25 Aug 2016 - 6345.60 Sep 2016 - 6322.77  The average CPI of the above is 6353 and accordingly the number of DA slabs are 478(6353-4440 1913/4 478 Slabs) The last quarterly Payment of DA was at 455 Slabs. Hence there is an increase in DA slabs of 23, i.e 478 Slabs for payment of DA f...

Next Wage Revision in Public Sector Banks (PSBs) w.e.f. 01.11.2017 F.No.4/2/2/2015—IR Government of India Ministry of Finance Department of Financial Services  Jeevan Deep, IIIrd Floor, Parliament Street, New Delhi Dated the August 24, 2016  To The Chief Executive of all Public Sector Banks. Subject: Next Wage revision in Public Sector Banks Sir, I am directed to refer to this Department's letter of even number dated 12.1.2016 on the subject cited above and to request Public Sector Banks(PSBs) to intimate the present status/action taken by them so as to conclude the negotiations/next wage settlement by the effective date i.e. 1.11.2017 positively.  2. This issues with the approval of competent authority. Yours faithfully, Sd/- (Manish Kumar) Under Secretary to the Government of India Source:- Financial Services