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 under XI BPS/ 8TH Joint Note dated November 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
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 54.74% of `pay'. While arriving at dearness allowance payable, decimals from third place may please be ignored.
[Notification No. HR&IR/76/D/2024-25/1824]
