DA for Bank Employees 2026: Nov 31.33% Confirmed (Up from 27.83%)
DA for bank employees from November 2026 is confirmed at 31.33% under the 12th Bipartite Settlement — July (153.20), August (154.40) and September 2026 (155.50) CPI-IW give a quarterly average of 154.36, per AIBEA Circular Letter 30/19/2026/45 dated 30 October 2026. This is a rise of 3.50 percentage points over the August–October 2026 quarter (27.83%) and the biggest quarterly jump under the 12th BPS so far (the previous high was +2.80% in November 2025). The IBA’s own circular typically follows in the first week of November.
Nov 2026 DA — Confirmed
31.33%
Your exact monthly DA based on Basic Pay, SA, PQP — 12th BPS formula, updated for Nov 2026–Jan 2027.
Calculate DA →Full 12th BPS salary slip — Basic, DA, HRA, PQP, gross and take-home for all scales and cadres.
Calculate Salary →Under 12th Bipartite Settlement • Nov 2026–Jan 2027 Confirmed: 31.33% • Up from 27.83%
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DA for Bank Employees from November 2026
DA for bank employees from November 2026 to January 2027 is confirmed at 31.33% — calculated from the July–September 2026 CPI-IW average of 154.36 (AIBEA Circular Letter 30/19/2026/45, 30 October 2026; the IBA circular is awaited). Under the 12th Bipartite Settlement (XII BPS) and 9th Joint Note dated 8 March 2024, DA rates applicable are:
- 31.33% of pay for workmen and officer employees under 12th BPS (effective 1 November 2026)
- ~59.78% of pay for employees still covered under 11th BPS / 8th Joint Note dated 11 November 2020 (to be confirmed by IBA circular)
This represents an increase of 3.50 percentage points over the previous quarter (August–October 2026), when DA stood at 27.83%. Over the past four quarters, DA has risen by 10.20 percentage points (from 21.13% in Aug–Oct 2025 to 31.33% now).
CPI-IW Data That Determines November 2026 DA
DA for the November 2026–January 2027 quarter is calculated using the CPI-IW (Base 2016=100) for July, August, and September 2026. All three figures are now out:
| Month | CPI-IW Index | Month-over-Month |
|---|---|---|
| July 2026 | 153.20 | +1.30 |
| August 2026 | 154.40 | +1.20 |
| September 2026 | 155.50 | +1.10 |
| 3-Month Average | 154.36 | +3.50 vs prev. avg |
Source: Labour Bureau CPI-IW (Base 2016=100) as reproduced in AIBEA Circular Letter 30/19/2026/45, 30 October 2026
How Is Bank Employee DA Calculated?
Under the 12th Bipartite Settlement, the DA formula is refreshingly simple:
DA Formula — 12th Bipartite Settlement
DA% = Average CPI-IW − 123.03
For November 2026:
154.36 − 123.03 = 31.33%
Base Index: 123.03 (CPI 2016=100 series, per 9th Joint Note dated 8 March 2024) • DA revised quarterly: February, May, August, November
The technical specification in the 9th Joint Note reads: “Dearness Allowance shall be paid for every variation of rise or fall over 123.03 points in the quarterly average of the All India Consumer Price Index for Industrial Workers Base 2016=100, resulting in 0.01% change in DA on pay for change in every second decimal place of CPI 2016 over 123.03 points.” In plain terms: every 0.01 point of CPI movement above 123.03 = 0.01% change in DA.
What Does 31.33% DA Mean in Rupees?
Unlike older settlements that used fixed rupee slabs, the 12th BPS expresses DA purely as a percentage of basic pay. The rupee amount therefore depends on your pay scale:
| Employee Category | Approx. Basic Pay | DA @ 31.33% | Per Month (Rs) |
|---|---|---|---|
| Sub-Staff | Rs 15,000 | 31.33% | Rs 4,700 |
| Clerk (Workman) | Rs 17,900 | 31.33% | Rs 5,608 |
| Officer Scale I (JMG) | Rs 36,000 | 31.33% | Rs 11,279 |
| Officer Scale IV (MMG) | Rs 76,010 | 31.33% | Rs 23,814 |
| Officer Scale VII (TEG) | Rs 1,02,300 | 31.33% | Rs 32,051 |
Basic pay figures are illustrative. Actual DA depends on your last drawn basic pay including increments.
Complete DA History Under 12th Bipartite Settlement
The 12th Bipartite Settlement (9th Joint Note) took effect from 8 March 2024. Below is the complete DA history for all ten quarters from inception to the current quarter:
| Quarter | CPI Months | Avg CPI-IW | DA% | Change |
|---|---|---|---|---|
| May – Jul 2024 | Jan – Mar 2024 | 139.00 | 15.97% | — |
| Aug – Oct 2024 | Apr – Jun 2024 | 140.23 | 17.20% | +1.23% |
| Nov 2024 – Jan 2025 | Jul – Sep 2024 | 142.86 | 19.83% | +2.63% |
| Feb – Apr 2025 | Oct – Dec 2024 | 144.23 | 21.20% | +1.37% |
| May – Jul 2025 | Jan – Mar 2025 | 143.00 | 19.97% | -1.23% |
| Aug – Oct 2025 | Apr – Jun 2025 | 144.16 | 21.13% | +1.16% |
| Nov 2025 – Jan 2026 | Jul – Sep 2025 | 146.96 | 23.93% | +2.80% |
| Feb – Apr 2026 | Oct – Dec 2025 | 148.03 | 25.00% | +1.07% |
| May – Jul 2026 | Jan – Mar 2026 | 148.73 | 25.70% | +0.70% |
| Aug – Oct 2026 | Apr – Jun 2026 | 150.86 | 27.83% | +2.13% |
| Nov 2026 – Jan 2027 ✔ | Jul – Sep 2026 | 154.36 | 31.33% | +3.50% |
DA Trend: May 2024 to January 2027
The chart below shows how DA has moved over the past ten quarters under the 12th BPS:
Every DA hike lands on your basic pay, so a Clerk→Scale I or Scale I→II promotion lifts everything calculated on it. See what the promotion exams cover, with sample chapters open to read.
Get Free Study Material →11th BPS vs 12th BPS: What Is the Difference?
Many employees and officers, especially those who joined banks before 2017, may still have their DA calculated under the 11th Bipartite Settlement structure. Here is a quick comparison:
| Parameter | 11th BPS (8th Joint Note) | 12th BPS (9th Joint Note) |
|---|---|---|
| Signed | 11 November 2020 | 8 March 2024 |
| DA Base Index | 6352 pts (CPI 2001=100) | 123.03 pts (CPI 2016=100) |
| DA Feb–Apr 2026 | 59.08% of pay | 25.00% of pay |
| DA increase (this quarter) | +1.19% | +1.07% |
| Structure | Percentage of pay (4-point CPI slab basis) | Percentage of pay (0.01% per 0.01 CPI point) |
The higher DA% under 11th BPS (59.08%) does not mean employees earn more. Under the 12th BPS, 8,088 points of DA were merged into the basic pay (DA neutralisation), making the base pay higher. The 25% DA is applied to this higher base, so the net DA in rupees is comparable.
Dearness Relief for Bank Pensioners (Nov 2026)
DR is the pensioners’ equivalent of DA. Note that, per AIBEA’s 30 October 2026 circular, the pensioner DA/DR rates are unchanged at the November 2026 revision — the 31.33% hike applies to serving employees. The rate applicable to you depends on when you retired:
- Pensioners who retired after November 2022 (under 12th BPS): DR = 27.83%
- Pensioners who retired between 2010 and November 2022 (under 10th/11th BPS): DR rates range from approximately 50% to 59%, depending on exact retirement date and settlement applicable
- Pensioners who retired between 1986 and 2000 (under older settlements): DR rates are significantly higher — in some categories exceeding 1,000% — to compensate for the much lower nominal pension drawn at retirement
Bank pensioners should refer to the official IBA circular or their pension-paying branch for the exact DR applicable to their individual case.
DA from November 2026 — Confirmed at 31.33%
With September 2026 CPI-IW at 155.5 points (July 153.2, August 154.4), the quarterly average works out to 154.36 and the DA for the November 2026 to January 2027 quarter is confirmed at 31.33%. The earlier estimate range on this page (30.80%–31.37%) held: the final figure landed at the top of it.
✔ Confirmed — AIBEA Circular 30 October 2026
31.33% DA from November 2026 to January 2027
Calculation: (153.20 + 154.40 + 155.50) ÷ 3 = 154.37 (taken as 154.36, as in earlier quarters) − 123.03 = 31.33% • Up 3.50 points from 27.83%
AIBEA’s circular also publishes the updated rupee DA tables for every workmen and officer basic pay point (Scale I to VII), special-pay and professional-qualification-pay items. Use our DA Calculator for your exact figure. The IBA’s own circular for the November 2026 revision typically follows in the first week of November.
Next Revision: February 2027
DA from 1 February 2027 will be based on the average CPI-IW for October, November and December 2026. October is due from the Labour Bureau at the end of November, November at the end of December and December at the end of January. Every 1-point change in the quarterly average moves DA by 1 percentage point, so to hold the current 31.33% the October–December average must stay at about 154.36. September’s 155.5 already sits above that, so DA would still edge up if the index simply stays flat at 155.5 (to about 32.47%). Use the Next Quarter tab of the DA Calculator to test your own scenarios.
Quick Reference: Key DA Facts for 2026
- Current DA (Nov 2026–Jan 2027): 31.33% under 12th BPS
- Source: AIBEA Circular Letter 30/19/2026/45 dated 30 October 2026 (IBA circular awaited)
- CPI-IW average used: 154.36 (Jul-Sep 2026)
- Base index (12th BPS): 123.03 (CPI 2016=100)
- Formula: DA% = Avg CPI-IW minus 123.03
- DA revision dates: 1 February, 1 May, 1 August, 1 November (annually)
- Settlement governing: 12th Bipartite Settlement / 9th Joint Note dated 8 March 2024
- May-Jul 2026 DA: 25.70% (avg 148.73)
- Aug-Oct 2026 DA: 27.83% (Apr 149.9, May 150.8, Jun 151.9; avg 150.86; IBA circular CIR/HR&IR/77/D/2026-27/3434 dated 3 Aug 2026)
- July 2026 CPI-IW: 153.2 (Base 2016=100), up 1.3 from June
- August 2026 CPI-IW: 154.4, released 30 September 2026, up 1.2 from July
- September 2026 CPI-IW: 155.5, up 1.1 from August
- Next revision: 1 February 2027, based on Oct-Dec 2026 CPI-IW
- Pensioner DA/DR: unchanged at the November 2026 revision (post-1 Nov 2022 retirees: 27.83%)
What is the DA for bank employees from February 2026?
The Dearness Allowance (DA) for bank employees from 1 February 2026 is 25.00% of basic pay under the 12th Bipartite Settlement (12th BPS). For employees still covered under the 11th BPS, DA for the same period is 59.08% of pay. The IBA issued the official circular on 6 February 2026 (No. CIR/HREIR/76/D/2025-26/2909).
How is bank employee DA calculated?
Under the 12th Bipartite Settlement, the DA formula is: DA% = (Quarterly average CPI-IW) minus 123.03. The CPI-IW used is the All India Consumer Price Index for Industrial Workers on base 2016=100, published by the Labour Bureau. Every 0.01 point change in the average CPI above the base of 123.03 results in a 0.01% change in DA. For February 2026, the average CPI was 148.03, giving DA = 148.03 minus 123.03 = 25.00%.
Which months CPI-IW determines the February 2026 DA?
The DA payable from February to April 2026 is based on the average CPI-IW for the three months of October, November, and December 2025. The individual index values were: October 2025 — 147.70; November 2025 — 148.20; December 2025 — 148.20. The simple average works out to 148.03, which is used in the DA formula.
When is bank employee DA revised?
Bank employee DA is revised four times a year, effective from the 1st of February, May, August, and November each year. Each revision is based on the average CPI-IW for the three preceding months — for example, February DA uses October-December CPI, May DA uses January-March CPI, August DA uses April-June CPI, and November DA uses July-September CPI. The IBA issues an official circular before each revision.
What is the DA for bank employees from May 2026?
The DA for bank employees from 1 May 2026 is confirmed at 25.70% under the 12th Bipartite Settlement. This was calculated using the CPI-IW quarterly average for January to March 2026: Jan 148.60 + Feb 148.50 + Mar 149.10 = average 148.73. DA = 148.73 minus 123.03 = 25.70%. The March 2026 CPI-IW was released by the Labour Bureau on 30 April 2026. The IBA circular confirming this rate is expected in the first week of May 2026. This represents an increase of 0.70 percentage points over the Feb-Apr 2026 rate of 25.00%.
What is the DA for bank employees from August 2026?
The DA for bank employees from 1 August 2026 is confirmed at 27.83% under the 12th Bipartite Settlement. This was calculated using the CPI-IW quarterly average for April to June 2026: Apr 149.9 + May 150.8 + Jun 151.9 = average 150.86. DA = 150.86 minus 123.03 = 27.83%. The June 2026 CPI-IW was released by the Labour Bureau on 31 July 2026. IBA confirmed this rate by circular dated 3 August 2026. This represents an increase of 2.13 percentage points over the May-Jul 2026 rate of 25.70%.
What is the CPI-IW for May 2026?
The All India CPI-IW (Consumer Price Index for Industrial Workers, Base 2016=100) for May 2026 is confirmed at 150.8 points, released by the Labour Bureau on 30 June 2026. This is an increase of 0.9 points over April 2026 (149.9). Along with April and June 2026, this data point determined the DA for bank employees for the August–October 2026 quarter, confirmed at 27.83%.
What is the CPI-IW for June 2026?
The All India CPI-IW (Consumer Price Index for Industrial Workers, Base 2016=100) for June 2026 is confirmed at 151.9 points, released by the Labour Bureau on 31 July 2026. This is an increase of 1.1 points over May 2026 (150.8) and the largest single-month rise of the quarter. This was the final data point needed to confirm the DA for bank employees for the August–October 2026 quarter at 27.83%.
What is the CPI-IW for July 2026?
The All India CPI-IW (Consumer Price Index for Industrial Workers, Base 2016=100) for July 2026 is confirmed at 153.2 points, released by the Labour Bureau on 31 August 2026. This is an increase of 1.3 points over June 2026 (151.9), the largest single-month rise since the current quarter began. July is the first of three months (July, August, September 2026) whose average determines the DA for bank employees for the November 2026–January 2027 quarter.
What is the CPI-IW for August 2026?
The All India CPI-IW (Consumer Price Index for Industrial Workers, Base 2016=100) for August 2026 is 154.4 points, released by the Labour Bureau on 30 September 2026. This is an increase of 1.2 points over July 2026 (153.2), and year-on-year CPI-IW inflation stood at 4.96% against 3.16% in August 2025. August is the second of three months (July, August, September 2026) whose average determines the DA for bank employees for the November 2026–January 2027 quarter.
What is the DA for bank employees from November 2026?
The DA for bank employees from 1 November 2026 is confirmed at 31.33% under the 12th Bipartite Settlement, per AIBEA Circular Letter 30/19/2026/45 dated 30 October 2026. It is calculated from the July–September 2026 CPI-IW average: Jul 153.2 + Aug 154.4 + Sep 155.5 = average 154.36, and DA = 154.36 minus 123.03 = 31.33%. This is an increase of 3.50 percentage points over the August–October 2026 rate of 27.83%, the largest quarterly rise under the 12th BPS. The IBA circular typically follows in the first week of November.
What is the CPI-IW for September 2026?
The All India CPI-IW (Base 2016=100) for September 2026 is 155.5 points, up 1.1 points from August 2026 (154.4). It completed the three data points (July 153.2, August 154.4, September 155.5; average 154.36) that fix the DA for bank employees for the November 2026–January 2027 quarter at 31.33%.
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