DA for bank employees from the next quarter February 2019 to April 2019 increased by 4 slabs i.e., increase of 0.40%.
Read: How DA for Bank Employees is calculated.
DA slabs for the next quarter, February 2018 to April 2019 will be 611 i.e., 61.10%.
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Consumer Price Index (CPI) for the month of October 2018 and November was 302 but declined by one point to 301 for the month of December 2018. Based on these CPI numbers DA increased by 0.40% for the next quarter, Feb to Apr 2019.
For the current quarter of November 2018 to January 2019 DA for bankers had increased by 6.60%. There was increase of 1.20% for the quarter Aug to Oct 18. But the increase or next quarter mere 0.40%.On the assumption that CPI for the month of November 2018 and December 2018 increase by 1 points each, DA will increase by 1.20%.
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Also Read: Why merger of public sector banks is not easy
We’ll update the update about Expected Dearness Allowance for May 2019 to July 2019, next month on the release of CPI data for the month of January 2019.
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