DA chart of Bank employees (August-October’18)

12 slabs increase in DA for Aug 2018 – Oct 2018 and
14 slabs increase in DA for Aug 2018 – January 2019 for Pensioners

CPI for June 2019 is 291 (6596.68) as per the announcement of Labour Bureau today (31.07.2018). With the above, the average CPI for April, May & June 2018 is 6588.
AVG CPI: (6573.85+6596.68+ 6642.33/3=.
19812.86/3=6604.28-4440=2164.28/4=541 slabs @ 0.10%=54.10%
So Confirmed Increase in DA Slabs for Aug 2018 – Oct 2018: 54.10-52.90= 12 Slabs (Increase in % of DA will be 54.10%- 52.90%=1.20%)
Confirmed increase in DA slabs for retirees for the half year Aug 2018 to January 2019: 54.10-52.70 =14 slabs (Increase in DA will be 1.40%)

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(1)Dearness Allowance for Bank –Officer (click)

(2)Dearness Allowance for Bank – Clerical Staff (Click)

(3)Dearness Allowance for Bank Sub-Staff (Click)

(4) Bank employees DA on special pay
(5) Dearness Relief for Bank Pensioners (CLICK)

The current rate of DA is calculated on the basis of average index numbers of preceiding quarter. For example, DA for the months of August, September and October is worked out on the basis of CPI(IW) of April,May and June for serving staff. For the pensioners same rate of DA is applied for 6 months (i.e from August to Janaury).The Consumer Price Index Numbers for Industrial Workers is released on the last working day of the succeeding month. For example CPI(IW) of June is released by Ministry of Labours on 31st July.