DA for Bank Employees is expected to increase by 2 slabs from May 2018 to July 2018. (Read: How DA for Bank Employees is calculated).
DA slabs for the next quarter, May 2018 to July 2018 is expected to be 529 i.e., 52.90 %. That means an expected increase in DA by 0.20% from the existing 52.70% for the quarter Feb 18 to Apr 18.
Consumer Price Index (CPI) for the month of February 2018 has also been published by Labour Bureau, which is also 287 i.e., 1 point down from January’s level of 288. Assuming that the CPI will remain at the same level of 287 for the month of Mar 2018, expected DA for bankers will increase by only by 2 slabs.
Dearness Allowance for bankers increased by 1.10% for the quarter Feb 18 to Apr 18 and by 3.80% during the previous quarter (Nov 17 to Jan 18). Although increasing trend continues, but there is only marginal increase.
Lets see the calculations:
CPI for the month of January and February is 288 and 277 respectively. Converting the CPI by multiplying with conversion factor (4.63 x 4.93) , it works out to 6558.64 (average, assuming 287 for Mar 2018).
By deducting 4440 slabs (which were merged in basic pay in 10th bipartite settlement), works out to 529.66 for the quarter (rounded off to 529).
We’ll update the update about the final Dearness Allowance for May 2018 to July 2018, next month on the release of CPI data for the month of March 2018.
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