AIBOC CIRCULAR NO. 45 DATED 30.04.2011

AIBOC issued its circular No. 45 dated 30.04.2011 on Dearness Allowance payable from 01.05.2011. We are reproducing the same here for our readers.

CIRCULAR NO.45                                                    30-04-2011

TO ALL AFFILIATES/MEMBERS

DEARNESS ALLOWANCE

The Index Numbers for the quarter ended  March  2011  are as under:

Month               Index as per                  Conversion        Index as per

                        2001 series                   Factor               1960 series

January             2011                 188                   4.63 x 4.93                    4291.26

February           2011                 185                   4.63 x 4.93                    4222.79

March               2011                 185                   4.63 x 4.93                    4222.79

                                                                        Total                            12736.84

                                                Average =               12736.84/3   4245.61

Difference in excess of 2836 points                                1409.61             

D.A.paid for the previous quarter on (i.e. 333x4)              1332.00

Difference                                                                    77.61

            Increase in number of Slabs =          77.61/4        =             19.40

Accordingly, Dearness Allowance is payable to Officers on 352 (i.e. 333+19) slabs with effect from 01-05-2011 as against 333 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