DA for bank employees from the next quarter February 2019 to April 2019 is expected to increase by 6 slabs i.e., increase of 0.60%. 

Read: How DA for Bank Employees is calculated.

How to pass JAIIB in first attempt

DA slabs for the next quarter, February 2018 to April 2019 will be 613 i.e., 61.30%. 

Read : Charter of Demand for 11th Bipartite Settlement

Consumer Price Index (CPI) for the month of October 2018 has increased by 1 point to 302 (from 301 for the month of September). Assuming that CPI remains same for November and December 2018, increase in DA for bankers will be 0.60%. 

For the current quarter of November 2018 to January 2019 DA for bankers had increased by 6.60%. There was increase of 1.20% for the quarter Aug to Oct 18.

On the assumption that CPI for the month of November 2018 and December 2018 increase by 1 points each, DA will increase by 1.20%.

Read: Bank Mergers: Is it the panacea for the Banking Sector?

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

We’ll update the update about Expected Dearness Allowance for February 2019 to April 2019, next month on the release of CPI data for the month of November 2018.

READ  SBI mandate for 11th BPS for upto Scale III only

Read: Finacle 10 Commands

Categories: News

Leave a Reply