:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

AIBOC CIRCULAR NO. 55 DATED 03.05.2010

AIBOC issued its circular No. 55 on DA payable to Officer w.e.f. 01.05.2010. We are reproducing the same here for our readers.


CIRCULAR NO.55                                                                     03-05-2010
TO ALL AFFILIATES/MEMBERS

DEARNESS ALLOWANCE

          The Index Numbers for the quarter ended  March  2010  are as under:

Month                               Index as per            Conversion            Index as per
                               2001 series            Factor                              1960 series

January2010             172                          4.63 x 4.93                 3926.05
February2010 170                                    4.63 x 4.93                 3880.40
March  2010              170                          4.63 x 4.93                 3880.40

                                                              Total                        11686.85

                                         Average =     11686.85/3                  3895.61
                                                             
          Difference in excess of 2288 points                                   1607.61
          D.A.paid for the previous quarter on (i.e. 382x4)                    1528.00                                                                              
          Difference                                                                        79.61

          Increase in number of Slabs =     79.61/4=                         19.90

Accordingly, Dearness Allowance is payable to Officers on 401 (i.e. 382+19) slabs with effect from 01-05-2010 as against 382 slabs for the previous quarter.
         
The rates of Dearness Allowance at various stages of basic pay are furnished overleaf.

The rates worked out are as per the industry level scales upto Scale VII including SBI.

With greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY

Posted by C.B.O.A., A.P.

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