Categories: Bank Staff

Bank Sub-staff: New Basic, Special allowance, and DA for November 2020 under 11th BPS

As agreed upon by workmen unions and IBA representatives on 31st October 2020 under 11th BPS, the revised DA would be at 0.07% per slab of 4 points over 6352 points for the new fitments. Additionally, Special Allowance of 16.4% for both clerical and sub staff. Accordingly, we have worked out a revised pay-slip at each stage asunder.

The following are the index numbers (IW) announced by the Labour Bureau for the months of July 2020, August 2020, and September 2020.

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

Therefore, the average index numbers for the above period is 7713

As per new fitment under 11th BPS DA merger 6352 i.e. 7713-6352=1361/4=340 slabs

i.e. The revised DA for November 2020 will be @0.07%= 23.80% on basic and special allowance

The revised Pay slip chart for the above period are as under;

oldoldoldold DAGross totalNewNew NewNew Grossdifference
StageBasicSpl.All.Total81.80%old BasicSpl AllTotalDA
@ 23.80
total
19560741103018426.2218727.22145002378168784016.96208952167.75
29885761106468708.4319354.43150002460174604155.48216152261.05
310210791110018998.8219999.82155002542180424294.00223362336.18
410535816113519285.1220636.12160002624186244432.51230572420.39
510860842117029572.2421274.24165002706192064571.03237772502.79
611270873121439932.9722075.97171152807199224741.40246632587.29
7116809051258510294.5322879.53177302908206384911.78255492669.97
8120909371302710656.0923683.09183453009213545082.15264362752.65
9125009691346911017.6424486.64189603109220695252.53273222835.32
101291010011391111379.2025290.20195753210227855422.90282082918.00
111340010391443911811.1026250.10203153332236475627.91292753024.46
121389010761496612242.1927208.19210553453245085832.91303413132.74
131438011141549412674.0928168.09217953574253696037.91314073239.20
141487011521602213106.0029128.00225353696262316242.92324743345.66
151544011971663713609.0730246.07234053838272436483.93337273481.29
161601012411725114111.3231362.32242753981282566724.95349813618.73
171658012851786514613.5732478.57251454124292696965.97362353756.18
181723513361857115191.0833762.08261454288304337243.00376763913.70
191789013861927615767.7735043.77271454452315977520.03391174073.05
201854514371998216345.2836327.28281454616327617797.07405584230.57
Stagnation 11920014882068816922.7837610.78291454780339258074.10419994388.09
Stagnation 21985515392139417500.2938894.29301454944350898351.13434404545.62
Stagnation 32051015902210018077.8040177.80311455108362538628.16448814703.14
Stagnation 42116516402280518654.4941459.49321455272374178905.19463224862.48
stagnation 52182016912351119232.0042743.00331455436385819182.23477635020.01
stagnation 62247517422421719809.5144026.51341455600397459459.26492045177.53
stagnation 72313017932492320387.0145310.01351455764409099736.29506455335.06
Stagnation 82378518432562820963.7046591.703614559284207310013.32520865494.40
stagnation 93714560924323710290.355352753527.13

clerical:

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…

3 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…

20 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…

21 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