Sunday, May 1, 2016

Bank D.A. to decrease 7 slabs for May to July 2016

Now CPI for all the three months has been announced for relevant months and the same is as follows:-


MonthCPI
January 20166140.17
February 20166094.52
  March 20166117.34


Based on the above calculations the  revised  DA is to be @ 41.90%, for the months of  May, 2016 to July 2016.   [The DA for February 2016 to April 2016 was  42.60%] i.e. decrease  of  0.70%. (decrease of 7 slabs) 

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