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 DA | increase | ||||
Designation | Fixed Pay | Fixed All. | Total | 76.10% | 75.90% | 4.20% |
Bill collector | 390 | 31 | 421 | 320.38 | 319.54 | 0.84 |
Armed Gurd. | 390 | 31 | 421 | 320.38 | 319.54 | 0.84 |
Daftry | 560 | 43 | 603 | 458.88 | 457.68 | 1.21 |
Head Peon | 740 | 57 | 797 | 606.52 | 604.92 | 1.59 |
Electrician | 2040 | 158 | 2198 | 1672.68 | 1668.28 | 4.40 |
AC technician | 2040 | 158 | 2198 | 1672.68 | 1668.28 | 4.40 |
Driver | 2370 | 184 | 2554 | 1943.59 | 1938.49 | 5.11 |
SWO | 820 | 64 | 884 | 672.72 | 670.96 | 1.77 |
Head Cashier | 1280 | 99 | 1379 | 1049.42 | 1046.66 | 2.76 |
spl.Asstt. | 1930 | 150 | 2080 | 1582.88 | 1578.72 | 4.16 |
Graduation/PQP | 0 | 0.00 | 0.00 | 0.00 | ||
After 1 year | 410 | 32 | 442 | 336.36 | 335.48 | 0.88 |
After 2 years | 800 | 62 | 862 | 655.98 | 654.26 | 1.72 |
After 3 years | 1210 | 94 | 1304 | 992.34 | 989.74 | 2.61 |
After 4 years | 1620 | 125 | 1745 | 1327.95 | 1324.46 | 3.49 |
After 5 years | 2010 | 156 | 2166 | 1648.33 | 1643.99 | 4.33 |
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