AIBOC CIRCULAR NO. 09 DATED 01.02.2011

AIBOC issued its circular No. 09 dated 01.02.2011 on Dearness Allowance payable from February 2011 onwards. We are reproducing the same here for our readers.

CIRCULAR NO.09                                                                      01-02-2011

TO ALL AFFILIATES/MEMBERS

DEARNESS ALLOWANCE

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

Month               Index as per      Conversion        Index as per

                        2001 series       Factor               1960 series

October 2010                181       4.63 x 4.93        4131.49

November 2010              182       4.63 x 4.93        4154.31

December 2010             185       4.63 x 4.93        4222.79

Total                            12508.59

Average =             12508.59/3                 4169.53

Difference in excess of 2836 points                     1333.53

D.A.paid for the previous quarter on (i.e. 308x4)   1232.00

Difference                                                        101.53

Increase in number of Slabs = 101.53/4   =              25.38                                            

Accordingly, Dearness Allowance is payable to Officers on 333 (i.e. 308+25) slabs with effect from 01-02-2011 as against 308 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