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)
[irp posts=”2147″ name=”DA for Bank Employees from May 2017″]
DA Chart for Officer Staff from February 2017
DA Chart for Workman Staff from February 2017
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[Update] With the announcement of CPI data for the month of November 2016 (which is 277), DA for bank employees for February 2017 to April 2017 is expected to decrease by 0.50%.
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Converting the CPI by multiplying with conversion factor (4.63 x 4.93) , it works out to 6345.60 for Oct and 6322.77 for Nov and Dec.
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We’ll update the expected DA for February 2017 to April 2017, next month on the release of CPI data for the month of December 2016.
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