Thursday, July 31, 2014

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)

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