DA for Bankers from August 2021
DA for Bankers is expected to increase for the quarter August 2021 to October 2021.
CPI data for the month of April 2021 has been released, which is 120.10. This has increased from 119.60, i.e., increase of 0.5 points.
Assuming that CPI remain at the same level, i.e., 120.1 for the month of May and June 2021, Dearness Allowance for bank employees will be 27.20%.
DA for bankers is 25.69% for the quarter May to July 2021. As such, DA is expected to increase by 1.33% for the next quarter.
We will update the expected DA next month on release of CPI for the month of May 2021.