Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014

33 SLABS INCREASE IN  DA FOR BANK WORKMEN/OFFICERS   FOR AUGUST SEPT AND OCT’14 QUARTER

           Labour Bureau,Ministry of Labour and Employment,Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of June’14,today which stood at 246 points  with an increase of 2 points while compared to May figure.

           Thus the confirmed All India average  CPI(IW) 1960=100 for the quarter  would be 5569.52.As such there will be 33 slabs increase in DA for bank Staff  at 102.45 % (as against 97.50% in previous quarter with 4 .95% increase)as per details furnished here under:

 Base Year 2001=100              1960=100

APR            242                        5523.87

MAY           244                         5569.52 

JUNE          246                         5615.17   

Average index                            5569.52

Less merged index(9thBPS)        2836

Slabs                                           683

Increase (683 -old 650)             33  slabs

DA. @0.15%                            102.45% 

The  quantum of   increase in DA to Bank Officers,Clerks and Sub Staff

 for the next quarter –August to October’14 is furnished hereunder;

Kindly note that  DA details are given only for information and

wait for Official DA circular of IBA which will be released shortly.

Detailed DA  payable to bank Pensioner w.e.f.August 2014 to January 2015 as per date of of retirement is given below for information:

D.A.PAYABLE TO BANK PENSIONERS.w.e.f.					AUG.'14
RETIRED	On Or After	1.1.1986	5569	1242	over 600
Upto 1250	1251-2000	2001-2130	Above 2130
832.14	683.10	409.86	211.14	%
RETIRED	After	1.11.1992	upto 31.3.98	1105	over 1148
Upto 2400	2401-3850	3851-4100	Above 4100
386.75	320.45	187.85	99.45	%
RETIRED	AFTER	1.11.98 upto	31.10.2002	971	over 1684
Upto 3550	3551-5650	5651-6010	Above 6010
233.04	194.20	116.52	58.26	%
RETIRED	ON   OR	AFTER	1.11.2002	820	over2288
		147.60	%
RETIRED	ON   OR	AFTER	1.11.2007	683	over 2836
		102.45	%
.pm.31.7.14

 Kindly await for IBA circular on  DA increase which may be issued shortly

Courtesy Mr Mohan P. (We also thank Mr Debashis Das for providing the calculation)