The Labour Bureau announced index number (IW) for the period of July 2020, August 2020, and September 2020 as under
July 2020 August 2020 to September 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 7733 (base 1960=100). It means Dearness Allowance for the bank staff will be 823 slabs (82.30 %) or an increase of 4.80% over the previous Quarter.
DA chart for the months of November 2020 to January 2021 as under
DA chart of Bank Clerical Staff
