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%.
Read : Charter of Demand for 11th Bipartite Settlement
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%.
Read: Bank Mergers: Is it the panacea for the Banking Sector?
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.
Read: Finacle 10 Commands
As per AIBOC Circular dated 13.09.2023, the officers’ associations today, submitted a Supplementary Charter of…
Wage revision for bankers is due since November 2022, which is to be finalized through…
DA for Bankers is expected to increase for the quarter May 2023 to July 2023.…
If you're a banker, you know that staying up-to-date on industry trends and best practices…
DA for Bankers is increased for the quarter February 2023 to April 2023. CPI data…
12 Bipartite Settlement for revision of bank employees' salary and service conditions is due from…