DA for Bank Employees from February 2018 to April 2018 is expected to increased by 1.20 % (Read: How DA for Bank Employees is calculated).

DA slabs for the next quarter, February 2018 to April 2018 are expected to be 528 i.e., 52.80 %. That means an expected increase in DA by 1.20% from the existing 51.60% for the quarter Nov 17 to Jan 18.

Read : Charter of Demand for 11th Bipartite Settlement

Read: Comprehensive Guide to Credit Appraisal Process

Consumer Price Index (CPI) for the month of October 2017 has also been published by Labour Bureau, which is also 287 i.e., 2 points increase from the level of 285 for the month of July, August and September 2017. Dearness Allowance for bankers increased by 3.80% during the previous quarter (Nov 17 to Jan 18) and the increase trend now continues.

 

Read: Merger of Public Sector Banks – Disadvantages for Bank Employees

Also Read: Why merger of public sector banks is not easy

Lets see the calculations:

CPI for the month of October 2017 is same 287. Assume the that CPI will remain constant at 287 for next two months (Nov & Dec 17). Converting the CPI by multiplying with conversion factor (4.63 x 4.93) , it works out to 6551.03 (average will be same as the CPI is assumed constant for all the 3 months).

READ  5 Days working for Banks?

By deducting 4440 slabs (which were merged in basic pay in 10th bipartite settlement), works out to 527.76 for the quarter (rounded off to 528).

We’ll update the update about the Expected Dearness Allowance for February 2018 to April 2018, next month on the release of CPI data for the month of November 2017.

Read: Finacle 10 Commands

Subscribe ToLatest Banking Updates

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!