The Indian Banks' Association (IBA) on February 20, 2025, issued a circular regarding the Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2025.
The confirmed All India Average Consumer Price Index for Industrial Workers (Base 2016 =100) for the quarter ended December 2024 are as follows:-
• October2024 – 144.5
• November 2024 – 144.5
• December 2024 – 143.7
It is stated that 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).
[Notification No. CIR/HR&IR/76/D/2024-25/1822]
