Expected DA for Bankers from May 2020
Read Also - DA increased for Bankers from May-2020
- On assumptions if there is an increase of two point of CPI in the month of Mar'20. In this situation the expected (tentatively) increase in DA Slabs would be Zero and the total tentatively revised DA slabs would remain same 759 i.e. 75.90%.
- On assumptions if there is increase of three points in CPI in the month of Mar'20. In this situation the expected (tentatively) increase in DA Slabs would come to 12 slabs and the total tentatively revised DA slabs would be 771 i.e. 77.10%.
- On assumptions if there is increase of four points in CPI in the month of Mar'20. In this situation the expected (tentatively) increase in DA Slabs would come to 14 slabs and the total tentatively revised DA slabs would be 773 i.e. 77.30%.
- On assumptions if there is an decrease of two point of CPI in the month of Mar'20. In this situation the expected (tentatively) decrease in DA Slabs would be six and the total tentatively revised DA slabs would be 7539 i.e. 75.30%.
Expected DA for bankers from Nov-19 to Jan-20
DA for Bank Employees is expected to increase by around 3% for the quarter, November 2019 to January 2020.
CPI Data released for the month of July 2019 is 319, 3 points up from June 2019.
Assuming that CPI will remain at same level for the month of August and September 2019, DA for bankers will be 710 slabs or 71% i.e., and increase of 2.90% from current quarter.
Assuming that CPI will increase by 1 points each month for August and September, Dearness Allowance from November 2019 will increase by 3.50%.
Assuming that CPI will increase by 2 points each for the the month of August and September, DA will increase by 4.1% from November 2019.
We’ll update the Expected Dearness Allowance for Bankers next month on release of CPI for the month of August 2019.
DA for Bank Pensioners from Aug-19 to Feb-20
The percentage of Dearness Relief (DR) payable to the bank pensioners for the half year August 2019 to January 2020 will be as under.
- Retired on or after 1.11.2012: Average index: 7167 (681 slabs)
| No of slabs | Rate per Slab @ | Percentage of DR payable | DR on Basic Pension (Before commutation) |
| 681 | 0.10 | 68.10% | Basic Pension × 68.10% |
- Retired on or after 1.11.2007 up to 31.10.2012: Average index 7167 (1084 slabs)
| No of slabs | Rate per Slab | Percentage of DR payable | DR on Basic Pension (Before commutation) |
| 1084 | 0.15 | 162.60% | Basic Pension× 162.60 % |
- Retired on or after 1.11.2002 and up to 31.10.2007 Average index 7167 (1219 slabs)
| No of slabs | Rate per Slab | Percentage of DR payable | DR on Basic Pension (Before commutation) |
| 1219 | 0.18 | 219.42% | Basic Pension× 219.42 % |
- Retired on or after 01.04.1998 till 31.10.2002 Average index number7167: (1370 slabs)
| Basic pension (before commutation) | DR amount |
| Up to basic pension 3550 | Basic Pension×328.80 % |
| Basic pension from 3551 to 5650 (2100) | 11672.40 + for the basic pension in excess of @274% |
| Basic pension from 5651 to 6010 (360) | 17426.40 +for basic pension in excess of 5650 up to 6010 @ 164.40% |
| Basic pension 6011 and above | 18018.24 + for the basic pension in excess of 6010 @ 82% |
- Retired on or after 1.11.92/1.7.93 up to 31.3.98 Average index 7167 (1504 slabs)
| Basic pension (before commutation) | DR Amount |
| Up to basic pension 2400 | 526.40% × basic pension |
| Basic pension from 2401 to 3850 (1450) | 12633 + from 2401 up to 3850 @ @436.16% |
| Basic pension from 3851 to 4100 (250) | 18957.32 + for pension in excess of 3851 up to 4100 @ 255.68% |
| Basic pension 4101 and above | 19596.32. +for pension in excess of 4100 @ 135.09% |
- Retired on or after 1.1.86 and before 1stNovember 1992/1st July 1993 and before 01.11.2002
Average index number 7167 (1641 slabs)
Retired on or after 1.1.86 and before 1stNovember 1992/1st July 1993 and before 01.11.2002
600 points merger 7167-600= 6567/4=1641 slabs
| Basic pension | DR amount on 1641 slabs |
| Basic pension up to 1250 | Basic Pension ×1099.47% |
| Basic pension from 1251 to 2000 (750) | Rs.13743.37+for the basic pension in excess of Rs.1250 @902.55% |
| Basic pension from 2001 to 2130 (130) | Rs.25025.24+for the basic pension in excess of Rs.2000@541.53% |
| Basic pension from 2131 above | Rs.25729.22 for the basic pension in excess of Rs.2130 @ 27897% |
Expected DA for Bank Employees from Aug 2019
Expected DA Calculation Updated on 28.06.2019 on the basis of CPI announced for the month of May’19 ( there is an increase of two points (7167.33.68) CPI index announced for the month of May’19 announced on 28.06.19) & assumptions of CPI for next month as under:-
- On assumptions that CPI would remain at least same as of May’19 for next month i.e for June’19. In this situation the expected (tentatively) increase in DA Slabs would come to 33 slabs and the total tentatively revised DA slabs would be 678 i.e. 67.80%.
- On assumptions that there would be an increase of one point in CPI data in next both month. In this situation the expected (tentatively) increase in DA Slabs would come to 35 slabs and the total tentatively revised DA slabs would be 680 i.e. 68%.
- On assumptions that there would be an increase of two point in CPI data in next both month. In this situation the expected (tentatively) increase in DA Slabs would come to 37 slabs and the total tentatively revised DA slabs would be 682 i.e. 68.20%.
Know how D.A. is calculated for Bankers? Know DA history
1. Labour Department will release Consumer Price Index (No.) every month ,based on year 2001.
2. Jan,Feb,March is one quarter. likewise there are 4 quarters.
3. Difference between average CPI over average of previous quarter is called increase.
4. Bank Dearness Allowance(DA) is calculated on CPI based on year 1960.
5. Conversion factor to year 2001 is Index No.* 4.63 * 4.93
6. For every increase of 4 points 1 slab at the rate of 0.15% is given as D.A
7. Since every month’s CPI is announced on the last day of next month Dearness Allowance(DA) is given effect on the subsequent month. i.e 2 months later.
EXAMPLE:
Calculate Dearness Allowance(DA) for Feb 2012:
APR MAY JUN JULY AUG SEP OCT NOV DEC -2011
----------------------------------------------------------------------------------
186 187 189 193 194 197 198 199 197
--------------------------------------------------------------------------- -------
Average of Oct,Nov,Dec 2011 =(198+199+197) * 4.93 * 4.63 / 3
On conversion =Average O N D 2011 = 4519.53
DA already paid for Nov. 2011(i.e average of Jul,Aug,Sep) = 401 slabs = 401 * 4 + 2836 = 4440.00 (2836 is already merged point in 9th B,P)
Increase 4519.53 - 4440 = 79.53
Slabs =79.53 / 4 = 19.88 = 19
(ONLY WHOLE NUMBERS ARE TAKEN. DECIMALS ADJUSTED IN THE NEXT MONTH )
HENCE INCREASE FOR Feb 2012 is 19 * 0.15=2.85% of (B.P+SPL.ALLOW.+PQP)
Total Dearness Allowance(DA) for Feb,Mar,Apr 2012 = 401+19 = 420 slabs = 60.15%+2.85% = 63%
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D.A.
History:
Month
|
Slabs
|
Percentage(%)
|
Nov,Dec, 2007 & Jan 2008
|
40
|
6.00
|
Feb,Mar,Apr 2008
|
55
|
8.25
|
May,Jun,July 2008
|
63
|
9.45
|
Aug,Sep,Oct 2008
|
84
|
12.60
|
Nov,Dec, 2008 &Jan 2009
|
116
|
17.40
|
Feb,Mar,Apr 2009
|
133
|
19.95
|
May,Jun,July 2009
|
135
|
20.25
|
Aug,Sep,Oct 2009
|
154
|
23.10
|
Nov,Dec, 2009 & Jan 2010
|
213
|
31.95
|
Feb,Mar,Apr 2010
|
245
|
36.75
|
May,June,July 2010
|
264
|
39.60
|
Aug,Sep,Oct 2010
|
272
|
40.80
|
Nov,Dec,2010 & Jan 2011
|
308
|
46.20
|
Feb,Mar,Apr 2011
|
333
|
49.95
|
May,Jun,July 2011
|
352
|
52.80
|
Aug,Sep,Oct 2011
|
360
|
54.00
|
Nov,Dec, 2011 & Jan 2012
|
401
|
60.15
|
Feb,Mar,Apr 2012
|
420
|
63.00
|
May,June,July 2012
|
428
|
64.20
|
Aug,Sep,Oct 2012
|
468
|
70.20
|
Nov,Dec. 2012 & Jan 2013
|
510
|
76.50
10.90
|
Feb,Mar,Apr 2013
|
535
|
80.25
13.40
|
May,June,Jul 2013
|
561
|
84.15
16.00
|
Aug,Sep,Oct 2013
|
593
|
88.95
19.20
|
Nov,Dec, 2013 & Jan 2014
|
641
|
96.15
24.00
|
Feb, Mar, Apr 2014
|
666
|
99.60
26.50
|
May,June,July 2014
|
650
|
97.50
24.90
|
Aug,Sep,Oct 2014
|
683
|
102.45
28.20
|
Nov,Dec 2014&Jan 2015
|
732
|
109.80
33.10
|
Feb,Mar,Apri 2015
|
734
|
110.10
33.30
|
May, Jun,July 2015
|
337
|
33.70
|
Aug,Sep,Oct 2015
|
364
|
36.40
|
Nov, Dec 2015 & Jan 2016
|
398
|
39.80
|
Feb, Mar, Apr 2016
|
426
|
42.60
|
May, Jun, Jul 2016
|
419
|
41.90
|
Aug, Sep, Oct 2016
|
455
|
45.50
|
Nov, Dec 2016 & Jan 2017
|
478
|
47.80
|
Feb, Mar, Apr 2017
|
469
|
46.90
|
May, Jun, Jul 2017
|
456
|
45.60
|
Aug, Sep, Oct 2017
|
478
|
47.80
|
Nov, Dec 2017 & Jan 2018
|
516
|
51.60
|
Feb, Mar, Apr 2018
|
527
|
52.70
|
May, Jun, Jul 2018
|
529
|
52.90
|
Aug, Sep, Oct 2018
|
541
|
54.10
|
Nov, Dec 2018 & Jan 2019
|
607
|
60.70
|
Feb, Mar, Apr 2019
|
611
|
61.10
|
May, Jun, Jul 2019
|
645
|
64.50
|
Aug, Sep, Oct 2019
|
681
|
68.10
|
Nov, Dec 2019 & Jan 2020
|
717
|
71.70
|
Feb, Mar, Apr 2020
|
759
|
75.90
|
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