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Section 21

Syndicate Bank (Officers') Service Regulations, 1979Central Regulations · 1970

(1) On and from 1-11-1987, Dearness Allowance Scheme shall be as under:

(i) Dearness Allowance shall be payable for every rise or fall of 4 points over 600 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100

(ii) Dearness Allowance shall be payable as per the following rates:

(i)0.67% of ‘pay’ upto Rs. 2,500/- plus,

(ii)0.55% of ‘pay’ above Rs. 2,500/- to Rs. 4,000/- plus

(iii)0.33% of ‘pay’ above Rs. 4,000/- to Rs. 4,260/- plus,

(iv)0.17% of ‘pay’ above Rs. 4,260/-

(2) On and from 1-7-1993, Dearness Allowance Scheme shall be as under:

(i) Dearness Allowance shall be payable for every rise or fall of 4 points over 1148 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100.

(ii) Dearness Allowance shall be payable as per the following rates:

(a) 0.35% of ‘pay’ upto Rs. 4,800/- plus,

(b) 0.29% of ‘pay’ above Rs. 4,800/- to Rs. 7,700/- plus,

(c) 0.17% of ‘pay’ above Rs. 7,700/- to Rs. 8,200/- plus,

(d) 0.09% of ‘pay’ above Rs. 8,200/-

(3) On and from 1-4-1998, Dearness Allowance Scheme shall be as under:

(a) Dearness Allowance shall be payable for every rise or fall of 4 points over 1684 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100.

(b) Dearness Allowance shall be payable as per the following rates:-

(i) 0.24% of ‘pay’ up to Rs. 7,100/- plus,

(ii) 0.20% of ‘pay’ above Rs. 7,100/- to Rs. 11,300/- plus,

(iii) 0.12% of ‘pay’ above Rs. 11,300/- to Rs. 12,025/- plus,

(iv) 0.06% of ‘pay’ above Rs. 12,025/- Note:

(A) ‘Pay’ for the purpose of Dearness Allowance shall mean basic pay including Stagnation Increments.

15 (B) Professional Qualification Allowance/ Professional Qualification Pay as specified in Explanation (c) and (d) to sub-regulation (2) of Regulation 5 shall rank for dearness allowance.

House Rent Allowance:

Where this provision sits

ActSyndicate Bank (Officers') Service Regulations, 1979
Section21
JurisdictionCentral
StatusIn force as published by the source

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