Categories: Bank Staff

DA chart for bank employees’ special allowance from August to October 2020

On the basis of CPI data announced by the Labour Bureau for the period of April  2020 to June 2020, the average index number works out to 7540 (base 1960=100) or 775-slabs(77.50 %) for the above period. It means bank employees and officers have entitled dearness allowance to an increase of 14slabs (1.40%) for the ensuing quarter of August 2020 to October 2020. Dearness allowance (DA) chart for a special allowance from August 2020 to October 2020 is provided below.

      New   old DAincrease
DesignationFixed PayFixed All.         Total77.50%76.10%1.40%
Bill collector39031421326.28320.385.89
Armed Gurd. 39031421326.28320.385.89
Daftry56043603467.33458.888.44
Head Peon 74057797617.68606.5211.16
Electrician204015821981703.451672.6830.77
AC technician204015821981703.451672.6830.77
Driver 237018425541979.351943.5935.76
SWO82064884685.10672.7212.38
Head Cashier12809913791068.731049.4219.31
spl.Asstt. 193015020801612.001582.8829.12
Graduation/PQP00.000.000.00
After 1 year41032442342.55336.366.19
After 2 years80062862668.05655.9812.07
After 3 years 12109413041010.60992.3418.26
After 4 years 162012517451352.381327.9524.43
After 5 years201015621661678.651648.3330.32
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…

44 minutes ago

Meaning of WACC and factors affecting the WACC

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

18 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…

18 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