DA NEWS FOR BANKER: 2015

Monday, November 30, 2015

NEW DA FROM FEB 2016 WILL BE 43% for bank employee

Now, 30.11.2015, CPI for the month OCT '15 announced as6140.18. On assumptions that CPI data would slightly increase for the next TWO months also i.e. for NOV'15 & DEC 15 in that situation the expected (tentatively) increase in DA Slabs comes to 32 slabs for the month of FEB'16 - APR'16, the expected DA payable in terms of percentage is as under :-

CPI for the Quarter

Average CPI for the Quarter April -June 2015 as above = 6033.64

FOR OCTOBER 269 6140.18

NOVEMBER 270 6163.01

DECEMBER 271 6185.84

Average CPI for the QuarterOCT TO DECEMBER 2015 as above =6163.01.

NEW DA FROM FEB 2016 WILL BE (6163.01-6033.64)/4=32 SLAB i,e 3.2%

Total DA will be 39.80+3.20= 43%

Please note that it is only tentative number of DA slabs assessed by everything banking news group for the quarter FEB 16 - APR 16 based on assumptions of CPI as mentioned above.

On release of CPI data for the month of DEC 15 we will re-calculate the DA that would become payable for the period FEB 16- APR 16

Saturday, November 14, 2015

BANK EMPLOYEES TO GET 34 SLABS INCREASE IN DA FOR NEXT QUARTER

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

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%)

Thursday, October 22, 2015

NEW DA FROM NOV 2015 WILL BE 39.70% for bank employee

Now, 30.09.2015, CPI for the month aug'15 announced as 6026.04. On assumptions that CPI data would slightly increase for the next months also i.e. for Sep'15 in that situation the expected (tentatively) increase in DA Slabs comes to 33 slabs for the month of Nov'15 - Jan'16, the expected DA payable in terms of percentage is as under :-

CPI for the Quarter

Average CPI for the Quarter April -June 2015 as above = 5896.69

FOR JULY 6003.21

AUGUST 6026.04

SEPTEMBER 6055.39

Average CPI for the Quarter JULY TO SEPTEMBER 2015 as above = 6027.64.

NEW DA FROM NOV 2015 WILL BE (6027.93-5896.69)/4=33 SLAB i,e 3.3%

Total DA will be 36.40+3.30= 39.70%

Please note that it is only tentative number of DA slabs assessed by everything banking news group for the quarter Nov'15 - Jan'16 based on assumptions of CPI as mentioned above.

On release of CPI data for the month of sep 2015we will re-calculate the DA that would become payable for the period Nov'15 - Jan'16.

Friday, August 14, 2015

D.A. History:

Month SLABS %

Nov,Dec,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,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,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,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,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.Jan 2013	510 76.50
Feb,Mar,Apr 2013	535 80.25
May,June,Jul 2013	561 84.15
Aug,Sep,Oct 2013	593 88.95

Nov,Dec,Jan 2014	641 96.15
Feb, Mar, Apr 2014	666 99.60
May,June,July 2014	650 97.50
Aug,Sep,Oct 2014	683 102.45%
Nov,Dec 2014&Jan 2015	732 109.80%
Feb,Mar,Apri 2015	734 110.10%

MAY JUNE JULY15 110.70%

AUG SEP OCT 2015 113.40%

DA HISTORY

D.A History

KNOW HOW D.A. IS CALCULATED!

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 D.A is calculated on CPI based on year 1960.

5. Conversion factor to year 2001 is Index No .X 4.63 X 4.93

6. For every increase of 4 points 1 slab at the rate of 0.15% is given as D.A

7. Since everymonth’s CPI is announced on the last day of next month D.A is given effect on the subsequent month. i.e 2 months later.

EXAMPLE: for D,A 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
On conversion =Average O N D 2011(198X4.93X4.63) = 4519.53

D.A already paid for Nov. 2011(i.e average of Jul,Aug,Sep)= 401 slabs = 401X4+2836 = 4440.00

(2836 is already merged point in 9th B,P)

Increase = 79.53

Slabs =79.53/4=19.88=19

(ONLY WHOLE NUMBERS ARE TAKEN.
DECIMELS ADJUSTED IN THE NEXT MONTH )

HENCE INCREASE FOR Feb 2012 is 19x0.15=2.85% of (B.P+SPL.ALLOW.+PQP)

Toal D.A for Feb,Mar,Apr 2012=401+19=420 slabs=60.15%+2.85%=63%

April 2015	5843.43
May 2015	5889.08
June 2015	5957.56