AIBOC CIRCULAR NO. 149 DATED 29TH OCTOBER 2010

AIBOC issued its circular No. 149 dated 29.10.2010 on Dearness Allowance. We are reproducing the same here for our readers.

CIRCULAR NO.149                                            29-10-2010

TO ALL AFFILIATES/MEMBERS

DEARNESS ALLOWANCE

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

      Month                     Index as per                  Conversion                    Index as per

                                     2001 series                 Factor                           1960 series

July                  2010                 178                   4.63 x 4.93                     4063.01

August             2010                 178                   4.63 x 4.93                     4063.01

September        2010                 179                   4.63 x 4.93                     4085.83

                                                                        Total                             12211.85

                                                Average =          12211.85/3                      4070.61

            Difference in excess of 2836 points                                                 1234.61

            D.A.paid for the previous quarter on (i.e. 272x4)                               1088.00                                  Difference                                                                                      146.61

            Increase in number of Slabs =     146.61/4 =                                       36.65                                                 

Accordingly, Dearness Allowance is payable to Officers on 308 (i.e. 272+36) slabs with effect from 01-11-2010 as against 272 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