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

What is Weighted Marginal Cost of Capital?

The marginal cost of capital (MCC) is the total combined cost of debt, equity, and…

2 hours ago

Meaning of WACC and factors affecting the WACC

The weighted average cost of capital (WACC) is the average rate that a business pays…

19 hours ago

Regulations on Interest Rate Resets on EMI based personal loans explained

The Reserve Bank of India (RBI) defines a personal loan as a type of unsecured…

20 hours ago

Determining the Proportion:  Preference V/s Equity Shares

A share is a unit of ownership in a company and has an exchangeable value…

1 day ago

Overview: Cost of Debt, Taxation, & Capital Structure

The cost of debt is the interest rate a company pays on its debt, and…

2 days ago

Various Theories/Approaches on Capital Structuring Explained

This article explains the assumptions and key aspects of approaches to capital structuring, including the…

3 days ago