Categories: Bank Staff

Bank DA on special allowance From Nov 2020 to Jan 2021

The Labour Bureau announced index number (IW) for the period of July 2020, August 2020 and September 2020 as under

July 2020August 2020September 2020
336 (Base year 2001=100)338 (Base year 2001=100)118 (Base year 2016=100)

Based on the CPI announced, the average index number works out to 7633 (base 1960=100). It means Dearness Allowance for the bank staff will be 818 slabs (81.8 %) or an increase of 4.30% over the previous Quarter.

Dearness allowance chart Special allowance from November 2020 to January 2021 is as under.

      New   old DAincrease
DesignationFixed PayFixed All.         Total81.80%77.50%4.30%
Bill collector39031421344.38326.2818.10
Armed Gurd. 39031421344.38326.2818.10
Daftry56043603493.25467.3325.93
Head Peon 74057797651.95617.6834.27
Electrician204015821981797.961703.4594.51
AC technician204015821981797.961703.4594.51
Driver 237018425542089.171979.35109.82
SWO82064884723.11685.1038.01
Head Cashier12809913791128.021068.7359.30
spl.Asstt. 193015020801701.441612.0089.44
Graduation/PQP00.000.000.00
After 1 year41032442361.56342.5519.01
After 2 years80062862705.12668.0537.07
After 3 years 12109413041066.671010.6056.07
After 4 years 162012517451427.411352.3875.03
After 5 years201015621661771.791678.6593.14

Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

Features of a Computerized Accounting System

Accounting is a multifaceted discipline. It caters to the diverse informational needs of stakeholders within…

4 hours ago

What is the meaning of computerized accounting?

As the name says ‘computerised accounting’ is the use of computers, software, and hardware to…

1 day ago

Supreme Court overrules capping of Credit card charges

The Supreme Court today overruled a 2008 decision by the National Consumer Disputes Redressal Commission…

2 days ago

Preparation and Presentation of Financial Statements of Banks

The Bank’s financial statements are prepared under the historical cost convention, on the accrual basis…

2 days ago

Accounting Treatment of Specific Items under accounting policies of banks

The term "accounting treatment" represents the prescribed manner or method in which an accountant records…

3 days ago

Explained: Disclosures Prescribed by RBI under Basel-III

The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the…

3 days ago