Categories: Bank Staff

DA chart of bank employees on special allowance for the quarter May-July 2020

On the basis of CPI data announced by the Labour Bureau for the period of January 2020 to March 2020, the average index number works out to 7486 (base 1960=100) or 761slabs(76.10%) for the above period. It means bank employees and officers are entitled to an increase of 2slabs (0.20%) for the ensuing quarter of May 2020 to July 2020.

Dearness allowance (DA) chart on the special allowance for the quarter of May 2020 to July 2020 is provided below.

      New   old DAincrease
DesignationFixed PayFixed All.         Total76.10%75.90%4.20%
Bill collector39031421320.38319.540.84
Armed Gurd. 39031421320.38319.540.84
Daftry56043603458.88457.681.21
Head Peon 74057797606.52604.921.59
Electrician204015821981672.681668.284.40
AC technician204015821981672.681668.284.40
Driver 237018425541943.591938.495.11
SWO82064884672.72670.961.77
Head Cashier12809913791049.421046.662.76
spl.Asstt. 193015020801582.881578.724.16
Graduation/PQP00.000.000.00
After 1 year41032442336.36335.480.88
After 2 years80062862655.98654.261.72
After 3 years 1210941304992.34989.742.61
After 4 years 162012517451327.951324.463.49
After 5 years201015621661648.331643.994.33
Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

Understanding Leverage and Gearing

Leverage and gearing are financial terms that refer to the use of debt by a…

19 hours ago

Meaning of Capital Structuring of a Company

Capital structure is the combination of debt and equity used by a company to finance…

1 day ago

Overview: Global and Indian Forex Market

The foreign exchange market, or Forex Market (FX market), is a global decentralized over-the-counter (OTC)…

2 days ago

Calculation of forward exchange rates explained with the illustrations

A currency forward contract is a customized, written contract between two parties that sets a…

2 days ago

Basic Exchange Rate Arithmetic Explained with Illustrations

IntroductionBasic exchange rate arithmetic involves converting one currency to another using the exchange rate. The…

3 days ago

RBI Issues 5th Amendment to SNRR Account in the FEMA (Deposit) Regulation 2025

A Special Non-Resident Rupee (SNRR) Account is opened with Authorized Dealer (AD) banks in India…

3 days ago