DA for bank employees increased by 3.4% for the quarter, May 2019 to July 2019.
Based on the CPI Data released for the month of January, February and March 2019 , Dearness Allowance for bankers increase by 34 slabs. DA for the next quarter will be 645 slabs or 64.50% up from 611 slabs for the quarter Feb-Apr 19.
CPI for the month of January and February 2019 is 307 up from 301 in December 2018, which further increased to 310 for the month of March 2019, leading to increase in DA for bank employees for the coming quarter.
We’ll update the expected DA payable from the month of August 2019 on release of CPI data for the month of April 2019.