Update 31/10/2018: DA for bank employees increased by 6.6% from November 2018. CPI for the month of September 2018 has also been published, which at same level of 301 as that for July and August 2018.
As such DA for bankers to increase by 6.60%.
Read: How DA for Bank Employees is calculated.
DA slabs for the next quarter, November 2018 to January 2019 will be 607 i.e., 60.70%. That means an increase in DA by 6.60% from the existing 54.10% for the quarter Aug to Oct 18.
Read : Charter of Demand for 11th Bipartite Settlement
Consumer Price Index (CPI) remains same for all the three months July, August and September 2018 at 301, which is 10 points up from 291 for the month of June 2018.
As projected by us, that DA will increase by around 7%, the same is increased by 6.60%.
Dearness Allowance for bankers increased by 1.20% for the quarter Aug to Ict 18, while there was mere 0.20% increase for the last quarter May 18 to July 18.
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 February 2019 to April 2019, next month on the release of CPI data for the month of October 2018.
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