DA for Bankers is increased for the quarter February 2023 to April 2023.
CPI data for the month of October, November and December 2022 has been released, which is as under:
| October 2022 | 132.50 |
| November 2022 | 132.50 |
| December 2022 | 132.30 |
Read: How to pass JAIIB in first attempt
Read: Charter of demands for 12th Bipartite Settlement
Based on the above numbers, the revised Dearness Allowance for Bank Employees will be 588 slabs, which translates to 41.16%.
There is an increase of 32 slabs in the DA effective from February 2023. The effective increase in percentage terms is 2.24%.
Previous DA rate was 556 slabs or 38.92% for the period November 2022 to February 2022.
DA for bank employees is linked to CPI data. DA payable to bankers increased to 556 slabs for the quarter Nov 22 to Jan 23 from the previous quarter, which was 526.
We shall update about the expected DA for next quarter (May 2023 to July 2023) on release of CPI data for the month of January 2023.
Finance minister has approved revision in CGM level post in public sector banks. Earlier, the…
Working Capital is a financial indicator of operational liquidity of a business organization. Working Capital…
Meaning of pari passu charge - Pari-passu is a Latin phrase, which means "equal footing". …
The Simplified Turnover Method is normally used by banks in order to assess the working…
Letter of Credit (LC) and the ‘Standby Letter of Credit' (SBLC) are used by Importers…
Punjab National Bank (PNB) has announced a Diwali surprise event for its employees. To express…