DA for bank employees is expected to increase by 3-4% from the next quarter, May 2019 to July 2019.
Based on the CPI Data released for the month of January and February 2019, Dearness Allowance for bankers is expected to increase by around 31 slabs.
As the CPI data for the month of Jan and Feb is already released, the increase of 3.1% based on the assumption that CPI would remain at same 307 level for the month of March 2019 also.
However, looking into the election season, assuming that the CPI may increase for the month of March 2019 by 3 points, DA for bankers is expected to increase by 3.70%.
We’ll update the actual DA payable from the month of May 2019 on release of CPI data for the month of March 2019.