Friday, January 30, 2015

Bank D.A. for the next quarter (February to April'15)

FEB to APRIL 2015
The AICPIN (IW) Base 2001=100, for the month of December ’14, has been released by  Labour Bureau Govt of India, to day, which stood at 253 point which was static from last August 14.
As such, the confirmed All India average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) are as follows:
Months     CPI (Base 2001=100)         CPI (Base1960=100)
October                          253                 5774.95
November                      253                 5774.95
December’14.                253                 5774.95
The average CPI as above, is 5774.Therefore the DA payable to Bank Workmen/Officers for the quarter February ’15 to April’15 will show an increase of 2 slabs at 110.10 %(From existing 109.80%)
Hefty hike for pensioners
As such the average CPI as above is 5774.Therefore the DA payable to Bank Pensioners for the next half year ie: February ’15 to July’15, will show an increase of 51 slabs.

While projecting the likely DA for next quarter, earlier we have mentioned  the hike in DA would be nominal from Feb onwards.
 Kindly note that this is only for information and  official circular from IBA in this regard  will be expected to be issued shortly.
Details of Calculation:
      Average CPI      as above                          5774
Less Merged Point in 9th BPS                 2836
Slabs                                                           2938
Increase in slabs(New slab 734-Old 732)     2
DA %      ( 734 x 0.15)                              110.10 %
Courtesy Mr Mohan P. 

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