A piece of good news for the bank employees as the Indian Banks’ Association (IBA) has recently announced the revised dearness allowance (DA) rate for various bank employees for February, March and April 2026. Revised Dearness Allowance Rates Moving ahead, IBA has also announced the revised and dearness relief (DR) for pensioners for February to July 2026. Dearness Allowance for Workmen and Officer Employees in banks for February, March and April 2026 under XII BPS/9TH Joint Note dated 08.03.2024 The DA rate will be 25% for the months of August, September and October 2025 which is almost 4% higher than the dearness allowance rates. in a circular dated February 2, 2026, IBA noted, “…the rate of Dearness Allowance payable to Workmen and Officer employees for the months of February, March and April 2026 shall be 25% of `pay’ (0.01% change in DA on ‘pay’ for change in every second decimal place of CPI 2016 over 123.03 points),” IBA said. This is primarily based on the Consumer Price Index for October, November and December 2025. According to IBA, “the average CPI of the above is 148.03 and accordingly the number of points over 123.03 are 25.00 (148.03 – 123.03). The last… Read MoreBusiness Archives – Trak.in – Indian Business of Tech, Mobile & Startups
