Bank DA Hiked, Read IBA Letter

DA for Bank Employees has been hiked and IBA has released a letter regarding it. The letter of IBA is as follows.

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2026 and January 2027 under XII BPS/9th Joint Note dated 08.03.2024

The confirmed All India Average Consumer Price Index for Industrial Workers (Base 2016 = 100) for the quarter ended September 2026 are as follows:-

The average CPI of the above is 154.36 and accordingly the number of points over 123.03 are 31.33 (154.36 – 123.03). The last average quarterly CPI was 150.86. Hence, there is an increase of 3.50 points for November, December 2026 and January 2027.

In terms of clause 13 of the 12th Bipartite Settlement dated 08.03.2024 and clause 2 (i) of the Joint Note dated 08.03.2024, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of November, December 2026 and January 2027 shall be 31.33% of ‘pay’ (0.01% change in DA on ‘pay’ for change in every second decimal place of CPI 2016 over 123.03 points).

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