DA chart of Bank Officers for the quarter of 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 2 slabs (0.20%) for the ensuing quarter of May 2020 to July 2020.

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

Stage	Basic_pay	Spl.Pay	Total	DA New	DA previous	Increase
Officers Scale I to VII	.	.	.	76.10%	75.90%
1	23700	1837	25537	19433.66	19382.58	51.07
2	24680	1913	26593	20237.27	20184.09	53.19
3	25660	1989	27649	21040.89	20985.59	55.30
4	26640	2065	28705	21844.51	21787.10	57.41
5	27620	2141	29761	22648.12	22588.60	59.52
6	28600	2217	30817	23451.74	23390.10	61.63
7	29580	2292	31872	24254.59	24190.85	63.74
8	30560	2368	32928	25058.21	24992.35	65.86
9	31705	2457	34162	25997.28	25928.96	68.32
10	32850	2546	35396	26936.36	26865.56	70.79
11	34160	2647	36807	28010.13	27936.51	73.61
12	35470	2749	38219	29084.66	29008.22	76.44
13	36780	2850	39630	30158.43	30079.17	79.26
14	38090	2952	41042	31232.96	31150.88	82.08
15	39400	3054	42454	32307.49	32222.59	84.91
16	40710	3155	43865	33381.27	33293.54	87.73
17	42020	3257	45277	34455.80	34365.24	90.55
18	43330	3358	46688	35529.57	35436.19	93.38
19	44640	3460	48100	36604.10	36507.90	96.20
20	45950	3561	49511	37677.87	37578.85	99.02
21	47260	3663	50923	38752.40	38650.56	101.85
22	48570	3764	52334	39826.17	39721.51	104.67
23	50030	3877	53907	41023.23	40915.41	107.81
24	51490	3990	55480	42220.28	42109.32	110.96
Officers Scale IV	0	0	0	0.00	0.00	0.00
OS-IV-01	50030	5003	55033	41880.11	41770.05	110.07
OS-IV-02	51490	5149	56639	43102.28	42989.00	113.28
OS-IV-03	52950	5295	58245	44324.45	44207.96	116.49
OS-IV-04	54410	5441	59851	45546.61	45426.91	119.70
OS-IV-05	55870	5587	61457	46768.78	46645.86	122.91
OS-IV-06	57520	5752	63272	48149.99	48023.45	126.54
OS-IV-07	59170	5917	65087	49531.21	49401.03	130.17
Officers Scale V	0	0	0	0.00	0.00	0.00
OS-V-01	59170	5917	65087	49531.21	49401.03	130.17
OS-V-02	60820	6082	66902	50912.42	50778.62	133.80
OS-V-03 62470	62470	6247	68717	52293.64	52156.20	137.43
OS-V-04	64270	6427	70697	53800.42	53659.02	141.39
OS-V-05	66070	6607	72677	55307.20	55161.84	145.35
Officers Scale VI	0	0	0	0.00	0.00	0.00
OS-VI-01	68680	7555	76235	58014.84	57862.37	152.47
OS-VI-02	70640	7770	78410	59670.01	59513.19	156.82
OS-VI-03	72600	7986	80586	61325.95	61164.77	161.17
OS-VI-04	74560	8202	82762	62981.88	62816.36	165.52
OS-VI-05	76520	8417	84937	64637.06	64467.18	169.87
Officers Scale VII	0	0	0	0.00	0.00	0.00
OS-VII-01	76520	8417	84937	64637.06	64467.18	169.87
OS-VII-02	78640	8650	87290	66427.69	66253.11	174.58
OS-VII-03	80760	8884	89644	68219.08	68039.80	179.29
OS-VII-04	82880	9117	91997	70009.72	69825.72	183.99
OS-VII-05	85000	9350	94350	71800.35	71611.65	188.70

DA chart of Bank Officers for the quarter of May-July 2020

Author: Surendra Naik

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