DA for Bank Employees from February 2018 to April 2018 is expected to increased by 1.60 % (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., 53.20 %. That means an expected increase in DA by 1.60% from the existing 51.60% for the quarter Nov 17 to Jan 18.
Consumer Price Index (CPI) for the month of November 2017 has also been published by Labour Bureau, which is also 288 i.e., 1 point increase from October’s level of 287 and 2 points increase from the level of 285 for the month of July, August and September 2017. Accordingly, if it remains constant at 288 for next month, DA is expected to increase by 160 slabs.
Dearness Allowance for bankers increased by 3.80% during the previous quarter (Nov 17 to Jan 18) and the increase trend now continues.
Lets see the calculations:
CPI for the month of October and November 2017 is 287 and 288 respectively. Assume the that CPI will remain constant at 288 for next month (Dec 17). Converting the CPI by multiplying with conversion factor (4.63 x 4.93) , it works out to 6566.25 (average).
By deducting 4440 slabs (which were merged in basic pay in 10th bipartite settlement), works out to 531.56 for the quarter (rounded off to 532).
We’ll update the update about the Actual increase in Dearness Allowance for February 2018 to April 2018, next month on the release of CPI data for the month of December 2017.
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