Dearness Allowance for Bank Employees – Bank DA to increase 33 slabs from August 2014
Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014
33 SLABS INCREASE IN DA FOR BANK WORKMEN/OFFICERS FOR AUGUST SEPT AND OCT’14 QUARTER
Labour Bureau,Ministry of Labour and Employment,Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of June’14,today which stood at 246 points with an increase of 2 points while compared to May figure.
Thus the confirmed All India average CPI(IW) 1960=100 for the quarter would be 5569.52.As such there will be 33 slabs increase in DA for bank Staff at 102.45 % (as against 97.50% in previous quarter with 4 .95% increase)as per details furnished here under:
|
Base Year
2001=100 |
1960=100
|
|
APR 242
|
5523.87
|
|
MAY 244
|
5569.52
|
|
JUNE 246
|
5615.17
|
|
Average index
|
5569.52
|
|
Less merged
index(9thBPS) |
2836
|
|
Slabs
|
683
|
|
Increase (683
-old 650) |
33 slabs
|
|
DA. @0.15%
|
102.45%
|
The quantum of increase in DA to Bank Officers,Clerks and Sub Staff for the next quarter –August to October’14 is furnished hereunder;
Kindly note that DA details are given only for information and wait for Official DA circular of IBA which will be released shortly.
Detailed DA payable to bank Pensioner w.e.f.August 2014 to January 2015 as per date of of retirement is given below for information:
D.A.PAYABLE TO BANK PENSIONERS.w.e.f. AUG.’14
|
RETIRED On Or After 1.1.1986 – 5569 1242 over 600
|
||||
|
Upto 1250
832.14
|
1251-2000
683.10
|
2001-2130
409.86
|
Above 2130
211.14%
|
|
|
RETIRED After 1.11.1992 upto 31.3.98 1105 over 1148
|
||||
|
Upto 2400
386.75
|
2401-3850
320.45
|
3851-4100
187.85
|
Above 4100
99.45%
|
|
|
RETIRED AFTER 1.11.98 upto 31.10.2002 – 971 over
1684 |
||||
|
Upto 3550
233.04
|
3551-5650
194.20
|
5651-6010
116.52
|
Above 6010
58.26
|
|
|
RETIRED ON OR AFTER 1.11.2002 – 820 over2288
|
||||
|
147.60%
|
||||
|
RETIRED ON OR AFTER 1.11.2007 – 683 over
2836 |
||||
|
102.45 %
|
||||
pm 31.07.14
Kindly await for IBA circular on DA increase which may be issued shortly
Courtesy Mr Mohan P. (We also thank Mr Debashis Das for providing the calculation)
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