DA for Bank Employees from May 2017
Apr29

DA for Bank Employees from May 2017

Actual DA for Bank Employees from May 2017 will decrease by 1.40%. With the release of CPI data for the month of March 2017, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) See: Actual DA for May 2017 to July 2017 Have you filed your Income Tax Return for FY 2016-17? Average CPI for 3 months works out to 6261.91. By deducting 4440 slabs (which were merged in basic pay in...

Read More
DA for Bank Employees from February 2017
Feb01

DA for Bank Employees from February 2017

Actual DA for Bank Employees from February 2017 will decrease by 0.90%. With the release of CPI data for the month of December 2016, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) READ  DA for Bank Employees from May 2017 Average CPI for 3 months works out to 6315.17. By deducting 4440 slabs (which were merged in basic pay in 10th bipartite settlement), it works out...

Read More
DA for Bank Employees for November 2016 to January 2017
Nov01

DA for Bank Employees for November 2016 to January 2017

See: Expected DA for Bank Employees from February 2016 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%.   CPI for the month September 2016 was announced on 31st October 2016, which is 277. CPI for July 2016 and August 2016 were 278 and 280 respectively. (Read how DA for Bank Employees is calculated) Converting the CPI by multiplying with conversion factor (4.63 x 4.93) , it works out...

Read More
How DA is calculated for Bank employees?
Oct14

How DA is calculated for Bank employees?

DA calculation for bank employees is explained in this article. [For latest DA for Banks (expected for Nov 16-Jan 17, read this article)]   DA for Bank employees is revised every quarter, which increases or decreases based on the CPI (Consumer Price Index. Consumer Price Index is released by Ministry of Labour, Govt. of India on monthly basis based on year 2001. Here is how to calculated DA for bank employees: Collect the month...

Read More
Expected DA for November 16 to January 2017 – Updated on 30.09.2016
Oct02

Expected DA for November 16 to January 2017 – Updated on 30.09.2016

Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. [See Actual DA for November 2016 to February 2017 to see scale wise Chart of DA and calculations]  This article was updated on 30.09.2016 Expected increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 will be 2.70%. CPI for the month August 2016 was announced on 30th September 2016 as 6345.60 whereas CPI for the...

Read More