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 to 6322.77 for September 2016, 6345.60 for August 2016 and 6391.25 for July 2016.

• Average of the three months (quarter) is 6353.21.

• By deducting 4440 slabs (which were merged in basic pay in 10th bipartite settlement), it works out to 478.30 (rounded off to 478).

• Hence, the DA for the period November 2016 to January 2017 will be 47.80%.

• Increase in DA for the period November 2016 to January 2017 is 2.30% as the DA for previous quarter was 45.50%.

 

Also read – 11th bipartite settlement – Charter of Demand for wage revision

We’ll update you about expected DA for the period February 2017 to April 2017, next month on the release of CPI data for the month of October 2017.

Chart for Scale wise increase in DA for Bank Employees is given below:

Also read – List of Finacle Commands

You may also be interested in following:

• Why KYC is important for banks
• What is working Capital
• How Assessment of Term Loan is done?
• CERSAI Fees and Charges

 

Chart for Increase in Dearness Allowance from November 2016:

Officers:

				Actual DA From August 2016	Actual DA From November 2016	Increase in DA from November 2016
S No.	Scale	Basic	Spl Allowance	45.50%	47.80%	2.30%
1	I	23700	1837	11619.34	12,206.69	587.35
2	I	24680	1913	12099.82	12,711.45	611.63
3	I	25660	1989	12580.3	13,216.22	635.92
4	I	26640	2065	13060.78	13,720.99	660.21
5	I	27620	2141	13541.26	14,225.76	684.50
6	I	28600	2217	14021.74	14,730.53	708.79
7	I	29580	2292	14501.76	15,234.82	733.06
8	I	30560	2368	14982.24	15,739.58	757.34
9	I & II	31705	2457	15543.71	16,329.44	785.73
10	I & II	32850	2546	16105.18	16,919.29	814.11
11	I & II	34160	2647	16747.19	17,593.75	846.56
12	I & II	35470	2749	17389.65	18,268.68	879.03
13	I & II	36780	2850	18031.65	18,943.14	911.49
14	I & II	38090	2952	18674.11	19,618.08	943.97
15	I & II	39400	3054	19316.57	20,293.01	976.44
16	I & II	40710	3155	19958.58	20,967.47	1,008.89
17	I & II & III	42020	3257	20601.04	21,642.41	1,041.37
18	I & II & III	43330	3358	21243.04	22,316.86	1,073.82
19	I & II & III	44640	3460	21885.5	22,991.80	1,106.30
20	I & II & III	45950	3561	22527.51	23,666.26	1,138.75
21	I & II & III	47260	3663	23169.97	24,341.19	1,171.22
22	I & II & III	48570	3764	23811.97	25,015.65	1,203.68
23	I & II & III	50030	3877	24527.69	25,767.55	1,239.86
24	I & II & III	51490	3990	25243.4	26,519.44	1,276.04
25	II & III	52950	4104	25959.57	27,271.81	1,312.24
26	II & III	54410	4217	26675.29	28,023.71	1,348.42
27	II & III	55870	4330	27391	28,775.60	1,384.60
28	II & III	57330	4443	28106.72	29,527.49	1,420.77
29	III	58790	4556	28822.43	30,279.39	1,456.96
30	IV	50030	5003	25040.02	26,305.77	1,265.75
31	IV	51490	5149	25770.75	27,073.44	1,302.69
32	IV	52950	5295	26501.48	27,841.11	1,339.63
33	IV	54410	5441	27232.21	28,608.78	1,376.57
34	IV	55870	5587	27962.94	29,376.45	1,413.51
35	IV	57330	5733	28693.67	30,144.11	1,450.44
36	IV	57520	5752	28788.76	30,244.02	1,455.26
37	IV	58790	5879	29424.4	30,911.78	1,487.38
38	IV	59170	5917	29614.59	31,111.59	1,497.00
39	IV	60820	6082	30440.41	31,979.16	1,538.75
40	V	59170	5917	29614.59	31,111.59	1,497.00
41	V	60820	6082	30440.41	31,979.16	1,538.75
42	V	62470	6247	31266.24	32,846.73	1,580.49
43	V	64270	6427	32167.14	33,793.17	1,626.03
44	V	66070	6607	33068.04	34,739.61	1,671.57
45	VI	68680	7555	34686.93	36,440.33	1,753.40
46	VI	70640	7770	35676.55	37,479.98	1,803.43
47	VI	72600	7986	36666.63	38,520.11	1,853.48
48	VI	74560	8202	37656.71	39,560.24	1,903.53
49	VI	76520	8417	38646.34	40,599.89	1,953.55
50	VII	76520	8417	38646.34	40,599.89	1,953.55
51	VII	78640	8650	39716.95	41,724.62	2,007.67
52	VII	80760	8884	40788.02	42,849.83	2,061.81
53	VII	82880	9117	41858.64	43,974.57	2,115.93
54	VII	85000	9350	42929.25	45,099.30	2,170.05

 

Workman Staff:

				Actual DA From August 2016	Actual DA From November 2016	Increase in DA from November 2016
S No.	Scale	Basic	Spl Allowance	45.50%	47.80%	2.70%
1	Clerk	11765	912	5768.04	6,059.61	291.57
2	Clerk	12420	963	6089.27	6,397.07	307.80
3	Clerk	13075	1013	6410.04	6,734.06	324.02
4	Clerk	13730	1064	6731.27	7,071.53	340.26
5	Clerk	14545	1127	7130.76	7,491.22	360.46
6	Clerk	15360	1190	7530.25	7,910.90	380.65
7	Clerk	16175	1254	7930.2	8,331.06	400.86
8	Clerk	17155	1330	8410.68	8,835.83	425.15
9	Clerk	18135	1405	8890.7	9,340.12	449.42
10	Clerk	19115	1481	9371.18	9,844.89	473.71
11	Clerk	20095	1557	9851.66	10,349.66	498.00
12	Clerk	21240	1646	10413.13	10,939.51	526.38
13	Clerk	22385	1735	10974.6	11,529.36	554.76
14	Clerk	23530	1824	11536.07	12,119.21	583.14
15	Clerk	24675	1912	12097.09	12,708.59	611.50
16	Clerk	25820	2001	12658.56	13,298.44	639.88
17	Clerk	26965	2090	13220.03	13,888.29	668.26
18	Clerk	28110	2179	13781.5	14,478.14	696.64
19	Clerk	30230	2343	14820.72	15,569.89	749.17
20	Clerk	31540	2444	15462.72	16,244.35	781.63
21	Clerk	32850	2546	16105.18	16,919.29	814.11
22	Clerk	34160	2647	16747.19	17,593.75	846.56
23	Clerk	35470	2749	17389.65	18,268.68	879.03
24	Clerk	36780	2850	18031.65	18,943.14	911.49
25	Clerk	38090	2952	18674.11	19,618.08	943.97
26	Clerk	39400	3054	19316.57	20,293.01	976.44
27	Clerk	40710	3155	19958.58	20,967.47	1,008.89
28	Clerk	42020	3257	20601.04	21,642.41	1,041.37
1	Sub-Staff	9565	741	4689.23	4,926.27	237.04
2	Sub-Staff	9890	766	4848.48	5,093.57	245.09
3	Sub-Staff	10215	792	5008.19	5,261.35	253.16
4	Sub-Staff	10540	817	5167.44	5,428.65	261.21
5	Sub-Staff	10865	842	5326.69	5,595.95	269.26
6	Sub-Staff	11275	874	5527.8	5,807.22	279.42
7	Sub-Staff	11685	906	5728.91	6,018.50	289.59
8	Sub-Staff	12095	937	5929.56	6,229.30	299.74
9	Sub-Staff	12505	969	6130.67	6,440.57	309.90
10	Sub-Staff	12915	1001	6331.78	6,651.85	320.07
11	Sub-Staff	13405	1039	6572.02	6,904.23	332.21
12	Sub-Staff	13895	1077	6812.26	7,156.62	344.36
13	Sub-Staff	14385	1115	7052.5	7,409.00	356.50
14	Sub-Staff	14875	1153	7292.74	7,661.38	368.64
15	Sub-Staff	15445	1197	7572.11	7,954.88	382.77
16	Sub-Staff	16015	1241	7851.48	8,248.37	396.89
17	Sub-Staff	16585	1285	8130.85	8,541.86	411.01
18	Sub-Staff	17240	1336	8452.08	8,879.33	427.25
19	Sub-Staff	17895	1387	8773.31	9,216.80	443.49
20	Sub-Staff	18550	1438	9094.54	9,554.26	459.72
21	Sub-Staff	19205	1488	9415.32	9,891.25	475.93
22	Sub-Staff	19860	1539	9736.55	10,228.72	492.17
23	Sub-Staff	20515	1590	10057.78	10,566.19	508.41
24	Sub-Staff	21170	1641	10379.01	10,903.66	524.65
25	Sub-Staff	21825	1691	10699.78	11,240.65	540.87
26	Sub-Staff	22480	1742	11021.01	11,578.12	557.11
27	Sub-Staff	23135	1793	11342.24	11,915.58	573.34
28	Sub-Staff	23790	1844	11663.47	12,253.05	589.58