Friday, October 30, 2015

BANK EMPLOYEES TO GET 34 SLABS INCREASE IN DA FOR NEXT QUARTER (Nov'15 to Jan'16)

Update : IBA issued Circular for D.A. increase. Click here
With the two point increase of All India Consumer Price Index Numbers (AICPIN) for the month of SEPTEMBER ’15, which stood at 266 points , Bank employees will get hefty increase of 34 slabs of D.A. for Nov'15 to Jan'16 quarter.
July’15       263 (6003.21)
August       264 (6026.04)
September 266 (6071.69)
Accordingly  Bank workmen/Officers  will have  34 slabs increase   in DA payable for next quarter Nov to Jan’16 at 39.80%.(3.40%increase from Existing 36.40%)
This is for information only and we have to wait for IBA circular which is expected very soon.
Calculation by Mr. Mohan P.

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