Bank Dearness Allowance for the months of February, March and April 2025 for Workmen and Officer Employees in banks under XI BPS/ 8th Joint Note dated 11.11.2020: IBA Order dated 20.02.2025

Bank Dearness Allowance for the months of February, March and April 2025  for Workmen and Officer Employees in banks under XI BPS/ 8th Joint Note dated 11.11.2020: IBA Order dated 20.02.2025

Indian Banks' Association

HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/2024-25/1825

February 20, 2025

Dear Sir/Madam,

Chairman SBI,
MD&CEOs of Public Sector member banks

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

We are hereby forwarding the IBA circular No. HR&IR/76/D/2024-25/1824 dated February 20, 2025, on the captioned subject.

The same may be used for arriving at the Dearness Allowance for the Chief General Managers of Public Sector banks who are not covered under the 12th Bipartite Settlement.

This is for your information.

Brajeshwar Sharma
Senior Advisor (HR&IR)
Officiating Deputy Chief Executive

 

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: –

October 2024	9499.23
November 2024	9499.23
December 2024	9446.64

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)

https://drive.google.com/file/d/1gLSQidV9NJG0g52Q5cVxES5N7iJnjVbI/view?usp=drivesdk

PensionBank Bank Dearness Relief from February 2025 to July 2025 for Pre-1.1.1986 retirees: IBA Order

F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period February 2025 to July 2025 on Ex-gratia will be as under:

Applicable CPI Average		Amount of Ex-gratia per month	Rate of Dearness Relief	Amount of Dearness Relief per month	Total Ex-gratia amount including Dearness Relief per month
		₹	%	₹	₹
9481.70	Pre 1.1.86	350	1487.40	5205.90	5555.90
	Surviving spouses of pre 1.1.86 retirees	175	1487.40	2602.95	2777.95

2. However, you may be guided by IBA circular HR&IR/MBR/743/2022-23/ 11722 dated February 7, 2023, wherein we have sent an advisory to Banks, to consider additional ex-gratia payment over and above the amount being paid as per DFS guidelines so as to ensure that the surviving pre 1986 retired employee / surviving spouse of pre 1986 retired employee get a minimum of Rs.10000/- per month as Ex-gratia.

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)
(Officiating Dy. Chief Executive)

https://drive.google.com/file/d/1gGPyZiitXHJwVAlmVL-l2CD0xxVxdBOE/view?usp=drivesdk

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2025 under XI BPS/ 9T4 Joint Note dated 08.03.2024

Indian Banks' Association

HR & Industrial Relations
No.CIR/HR&IR/76/D/2024-25/1822

February 20, 2025

All Members of the Association
(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/ 9T4 Joint Note dated 08.03.2024

The confirmed All India Average Consumer Price Index for Industrial Workers (Base 2016 =100) for the quarter ended December 2024 are as follows: –

October 2024	144.5
November 2024	144.5
December 2024	143.5

The average CPI of the above is 144.23 and accordingly the number of points over 123.03 are 21.20 (144.23 – 123.03) The last average quarterly CPI was 142.86. Hence, there is an increase of 1.37 points for February, March and April 2025.

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 February, March and April 2025 shall be 21.20% of 'pay' (0.01 % change in DA on 'pay' for change in every second decimal place of CPI 2016 over 123.03 points)

Yours faithfully,

Brajeshwar Mishra
Senior Advisor (HR&IR)
Officiating Deputy Chief Executive

PDF:-

https://drive.google.com/file/d/1gGEGTNL9iei6AytaMb1BpeV0N8gaKr5i/view?usp=drivesdk

Family pension Anomaly Chart as at 01.02.2025

Please see the attachment.

C H Mahadevan

Click below:'

https://docs.google.com/document/d/1fH4Pe8r1KYMLhHBF9LZiHnZsSaI67N1r/edit?usp=drivesdk&ouid=116293091010820917557&rtpof=true&sd=true

Dearness Relief payable to Bank Pensioners for the period Feb 2025 to July 2025 where DR Neutralisation is not implemented

Dearness Relief payable to Bank Pensioners for the period Feb 2025 to July 2025 where DR Neutralisation is not implemented
Click below:-

https://api.follow.it/sponsored/v1/-cnt_7Q-vdYefzVF7lP073fRP9j3Rz6OVQve_grXLRuFbml7QOHokwSpTO4lsdsor-0aqVY4R1OV3XB61RMXTKkbfn12Gk5j

Dearness Relief payable to Pensioners for the period February 2025 to July 2025: IBA Order

Click below:-

https://api.follow.it/sponsored/v1/-cnt_7Q-vdZx8sS-ULUNtnfRP9j3Rz6OVQve_grXLRuFbml7QOHokwSpTO4lsdsor-0aqVY4R1OV3XB61RMXTKkbfn12Gk5j

GRAVITY OF PENSION DISPARITY

 After preparing the Pension Anomaly Chart as at 28/2/2025 close on the heels of an  increase of 66 DR slabs from 1/2/2025 for retirees and family pensioners , I wanted to make an analysis of pension disparity suffered by one sample cadre of Executive Director which happens to be the highest   in the  LIC hierarchy below the top management. I have   summarised data in the attached Table.

To summarise there are 181 retiree positions in the  junior cadres of later retirees including EDs where retirees  draw more gross pension than earlier period ED  retirees . If we take  actual numbers in  such superseder positions it may run in several  thousands considering that  presently more than 4000 employees are retiring every year.

Adding insult to injury ,family pensioners  in 72 positions of deceased retiree cadres,are drawing more than Executive Directors of various retirement periods.Of course we have all sympathies for family pensioners  who have unfortunately lost their breadwinner-  life partners who are justified in receiving a decent quantum of family pension.(Of course, due to non-upgradation of pension even among the family pensioners discrimination persists among different generations). Having said that , it is highly anomalous that an Executive Director  retired at any time should get  less pension than a family pension drawn  by the family pensioner of a deceased Stenographer.

What I have analysed  is  for only one cadre.When a comprehensive analysis is made for all cadres , the magnitude of this pension disparity will be frighteningly  evident.

  All this proves that non-upgradation of pension is like cancer.It started in a small way in the year  2000 when wage revision w e f 1/8/1997 was notified throwing up the DR anomaly on account of lack of 100% DR neutralisation  for pre-August 1997 retirees. This cancer has spread  and grown bigger   with every wage revision   over the  last 25 years.The fatal effect of this cancer  has taken a toll of  more than 20000 pensioners who have departed from this world without getting justice.

We need to effectively convince the Supreme Court  with the available data to drive home the need for speedy justice in our case.Let us hope that  when the new Bench is constituted by the Supreme Court , we are able to speed up the hearing so that the chronic suffering of waiting pensioners is put to an end.

C H Mahadevan 

Click below:-

https://docs.google.com/document/d/1emoYPtMYRDMHnLnSyZGerMJRo5ZFHAAv/edit?usp=drivesdk&ouid=116293091010820917557&rtpof=true&sd=true

CADRE WISE SUMMARY OF RETIREES AND FAMILY PENSIONERS DRAWING MORE GROSS PENSION THAN EXECUTIVE DIRECTORS AS AT 28/2/2025 NUMBER OF RETIREE POSITIONS DRAWING MORE PENSION THAN EXECUTIVE DIRECTORS

CADRE WISE SUMMARY OF RETIREES  AND FAMILY PENSIONERS DRAWING MORE GROSS PENSION THAN EXECUTIVE DIRECTORS  AS AT 28/2/2025
NUMBER OF RETIREE POSITIONS DRAWING MORE PENSION THAN EXECUTIVE DIRECTORS
Periods of Retirement of Executive Director->	1/1/1986 to 31/3/1993	1/4/1993 to 31/7/1997	1/8/1997 to 31/7/2002	1/8/2002 to 31/7/2007	1/8/2007 to 31/7/2012	1/8/2012 to 31/7/2017	1/8/2017 to 31/7/2022	Total
Gross Pension of ED	39198	48348	64316	74046	100338	121970	148336
Cadre of Retirees drawing more pension
Drivers	1							1
Record Clerks	2							2
Assistants	3	2						5
Stenographers	4	3	1					8
HGAs	4	3	2	1				10
AAOs	5	4	3	2				14
AOs	6	4	3	2	1			16
ADMs	6	5	4	3	1			19
DMs	6	5	4	3	2	1		21
SDMs	7	6	4	4	2	1		24
ZMs(O)	7	5	4	4	3	2	1	26
EDs	7	5	4	4	3	2	1	26
Development Officers	4	2	2	1				9
Total	62	44	31	24	12	6	2	181

FAMILY PENSIONERS SURPASSING
Periods of Retirement of Executive Director->	1/1/1986 to 31/3/1993	1/4/1993 to 31/7/1997	1/8/1997 to 31/7/2002	1/8/2002 to 31/7/2007	1/8/2007 to 31/7/2012	Total
Gross Pension of ED	39198	48348	64316	74046	100338
Cadre of Deceased Retirees whose family pensioners are drawing more pension
Stenographers	1					1
HGAs	2					2
AAOs	3	2				5
AOs	3	2				5
ADMs	4	3	1			8
DMs	4	3	1	1		9
SDMs	4	3	2	1		10
ZMs(O)	5	4	3	2		14
EDs	5	4	3	2	1	15
Development Officers	2	1				3
Total Family Pensioners	33	22	10	6	1	72
Total Pensioner positions drawing more pension than EDs	95	66	41	30	13	253
% of Family Pensioners who get more pension than EDs among all pensioners getting more pension	34.7	33.3	24.4	20.0	7.7	28.5

Selection of two MDs in LIC of India

FEBRUARY, 2025 PENSION ANOMALY CHART

FEBRUARY, 2025 PENSION ANOMALY CHART 

Click below:-

https://docs.google.com/spreadsheets/d/1dmNZNBXFNpSNC9_9xA5nVg2porcvgeE3/edit?usp=drivesdk&ouid=116293091010820917557&rtpof=true&sd=true

My exchange 0ver Whats App with Mr H K Aggarwal

I received the following WhatsApp message from Mr H K Aggarwal:

"Next Tentative date in LIC PENSIONERS CASES is 3rd Week of August, 2025. ----------------------------- EIGHT YEARS GONE - 25 Adjournments - TAREEKH PE TAREEKH BY SUPREME COURT. WHY & What can be the reasons??.

---------
Since AIRIEF Patron Sh. SS Saxena JI has been closely monitoring and was instrumental in filing fresh WRIT in 2016 in Delhi HC ( after SC JUDGEMENT DATED 31.03.2016, who only referred Rule 3A for adjudication to Delhi HC as SC wanted to settle the issue by August, 2016 ), and after a fractured order by Delhi HC , filed SLP in SC in 2017 as the then PRESIDENT of AIRIEF, he is requested to kindly throw some light on the reasons "why no hearing by Supreme Court in eight years on SLP-( now CA), and what further strategy is being proposed or prepared on resolving the burning issues of REVISION/UPDATION OF PENSION and DR anomaly affecting pre 8/97 retirees, besides increase in pension on reaching age of 80, 85, 90, 100... etc .
Members expect AIRIEF to be more proactive and consider taking out of court solid steps also , to get all legitimate demands met without further delays. H K Aggarwal Octogenarian+88. Mohali, Chandigarh."
I replied to him as follows:
"Till 2005 , the only point of grievance for pre -August 1997 retirees was DR anomaly and lack of 100% neutralisation. There was no serious demand for upgradation of pension and retirees started feeling the pinch of non-upgradation from 1/8/2002 onwards and today 7 generations of retirees are suffering the pain of non -upgradation of pension at various degrees.Fortunately the Board Resolution dt 24/11/2001 decided to recommend revision of pension for pre- August 1997 retirees from 1/8/1997, but Central Government didn't approve the recommendation. If the logic of the Board resolution is applied for post August 1997 retirees also, the pension revision will be taken care of to some extent for all generations of pensioners and to future retirees among pension optees as well even though the quantum of increase will be much less than stage to stage fitting.Of course pre-August 1997 retirees got some relief from DHC judgment dated 27/4/2017 although the revised DR was still short of 100% neutralisation .So now our focus in Supreme Court needs to be to fight for all generations of pensioners to get revised pension with every wage revision without highlighting pre-August 1997 anomaly . Of course we need to highlight the fact that the Board Resolution dated 24/11/2001 envisaged revision of pension w e f 1/8/1997 and the same logic applies to subsequent generations of retirees & family pensioners .

Increase in pension for pensioners aged 80+ years cannot be isolated from upgradation.It has to happen by implementing Rule 56 of LICEP Rules 1995 .
Ultimately everything boils down to applying Rule 56, avoiding discrimination by Rule 55B and without losing sight of the spirit of the Board Resolution."

I am sharing this in the blogs so that we have a holistic perspective on pension revision. 

C  H  Mahadevan

PENSION ANOMALY CHART AS ON 28.02.2025

Please find the chart attached showing the pension disparities after the increase of 66 slabs of DR from 1/2/2025.

C H Mahadevan

Click below:-

https://docs.google.com/document/d/1dLtVy-5pWgOVUZmx6ybBgVDMFGiEvgOO/edit?usp=drivesdk&ouid=116293091010820917557&rtpof=true&sd=true

DA/DR from Jan 2025 @ 55% Confirmed – 2 प्रतिशत की वृद्धि के साथ जनवरी, 2025 से DA/DR 55 प्रतिशत निश्चित – CPI-IW for Dec, 2024 released

DA/DR from Jan 2025 @ 55% Confirmed – 2 प्रतिशत की वृद्धि के साथ जनवरी, 2025 से DA/DR 55 प्रतिशत निश्चित  – CPI-IW for Dec, 2024 released

The All-India CPI-IW for December 2024 decreased by 0.8 points and stood at 143.7 (one hundred forty-three point seven), according to the press release issued by the Labour Bureau. With this release, the DA/DR from January 2025 has been confirmed. This month's CPI-IW indicates a 2% increase in DA/DR for Central Government Employees and Pensioners, effective January 2025, bringing it to 55.98% under the 7th CPC DA/DR. The DA/DR rate is calculated by taking the absolute value of the DA rate, leaving out the decimal value. All speculations regarding future DA/DR have been resolved with this announcement. Consequently, the 55% DA/DR from January 2025 is now confirmed and is expected to be approved by the Union Cabinet next month, i.e., March 2025.

दिसंबर 2024 के लिए ऑल-इंडिया CPI-IW में 0.8 अंक की कमी आई है और यह श्रम ब्यूरो द्वारा जारी प्रेस विज्ञप्ति के अनुसार 143.7 (एक सौ तैंतालीस दशमलव सात) पर रहा है। इस विज्ञप्ति के साथ, जनवरी 2025 से DA/DR की पुष्टि हो गई है। इस महीने का CPI-IW केंद्र सरकार के कर्मचारियों और पेंशनर्स के लिए जनवरी 2025 से DA/DR में 2% की वृद्धि दर्शाता है, जिससे 7वें वेतन आयोग का DA/DR 55.98% हो जाएगा। DA/DR दर की गणना DA दर के निरपेक्ष मान (absolute value) को लेकर की जाती है, जिसमें दशमलव मान (decimal value) को छोड़ दिया जाता है। भविष्य में DA/DR को लेकर सभी अपेक्षाएं इस विज्ञप्ति के साथ समाप्त हो गई हैं। इस प्रकार, जनवरी 2025 से 55% DA/DR अब निश्चित हो गया है और संभवतः अगले महीने, यानी मार्च 2025 में केंद्रीय मंत्रिमंडल द्वारा इसे मंजूरी दी जाएगी।

The DA/DR from Jan, 2025 table is as follows:-

Dearness Allowance /Dearness Relief from January, 2025 Issue of All-India CPI-IW for December, 2024
Increase/ Decrease Index	Month	Base Year 2016 = 100	Base Year 2001 = 100	Total of 12 Months	Twelve monthly Average	% increase over 115.76 for 6CPC DA	% increase over 261.42 for 7CPC DA	6CPC DA announced or will be announced	7CPC DA announced or will be announced
	DA/DR from Jul, 2024							246%	53%
1.3	Jul,24	142.7	411	4820	401.67	246.98%	53.65%
-0.1	Aug,24	142.6	411	4830	402.50	247.70%	53.97%
0.7	Sep,24	143.3	413	4847	403.92	248.93%	54.51%
1.2	Oct,24	144.5	416	4864	405.33	250.15%	55.05%
0	Nov,24	144.5	416	4879	406.58	251.23%	55.53%
-0.8	Dec,24	143.7	414	4893	407.75	252.24%	55.98%
	Confirm DA/DR from Jan, 2025							252%	55%

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