DA for Bankers from November 2022

DA for Bankers has increased for the quarter November 2022 to January 2022.

CPI data for the month of July, August and September 2022 has been released, which is as under:

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DA for bank employees is linked to CPI data. Based on the CPI data for last 3 months (July 2022 to September 2022), DA payable to bankers will be 556 slabs for the quarter Nov 22 to Jan 23. This is 30 slabs from the previous quarter, which was 526.

As such, the Dearness Allowance for bankers will be 38.92% from the next quarter starting from November 2022. DA for the last quarter was 36.82%. Accordingly, there is an increase of 2.10% in the DA for the upcoming quarter.

We will update the expected DA for next quarter next month on release of CPI for the month of October 2022.