On the basis of CPI data announced by the Labour Bureau for the period of October 2019 to December 2019, the average index number works out to 7479 (base 1960=100) or 759 slabs for the above period. It means bank officers are entitled to 759 slabs (75.90%) or enhancement of 42 slabs (4.20%) dearness allowance for the quarter of February 2020 to April 2020.
DA chart of Bank Officers (scale I to VII)
| Stage | Basic_pay | Spl.Pay | Total | DA New | DA previous | Increase |
| Officers Scale I to VII | . | . | . | 75.90% | 71.70% | 4.20% |
| 1 | 23700 | 1837 | 25537 | 19382.58 | 18310.03 | 1072.55 |
| 2 | 24680 | 1913 | 26593 | 20184.09 | 19067.18 | 1116.91 |
| 3 | 25660 | 1989 | 27649 | 20985.59 | 19824.33 | 1161.26 |
| 4 | 26640 | 2065 | 28705 | 21787.10 | 20581.49 | 1205.61 |
| 5 | 27620 | 2141 | 29761 | 22588.60 | 21338.64 | 1249.96 |
| 6 | 28600 | 2217 | 30817 | 23390.10 | 22095.79 | 1294.31 |
| 7 | 29580 | 2292 | 31872 | 24190.85 | 22852.22 | 1338.62 |
| 8 | 30560 | 2368 | 32928 | 24992.35 | 23609.38 | 1382.98 |
| 9 | 31705 | 2457 | 34162 | 25928.96 | 24494.15 | 1434.80 |
| 10 | 32850 | 2546 | 35396 | 26865.56 | 25378.93 | 1486.63 |
| 11 | 34160 | 2647 | 36807 | 27936.51 | 26390.62 | 1545.89 |
| 12 | 35470 | 2749 | 38219 | 29008.22 | 27403.02 | 1605.20 |
| 13 | 36780 | 2850 | 39630 | 30079.17 | 28414.71 | 1664.46 |
| 14 | 38090 | 2952 | 41042 | 31150.88 | 29427.11 | 1723.76 |
| 15 | 39400 | 3054 | 42454 | 32222.59 | 30439.52 | 1783.07 |
| 16 | 40710 | 3155 | 43865 | 33293.54 | 31451.21 | 1842.33 |
| 17 | 42020 | 3257 | 45277 | 34365.24 | 32463.61 | 1901.63 |
| 18 | 43330 | 3358 | 46688 | 35436.19 | 33475.30 | 1960.90 |
| 19 | 44640 | 3460 | 48100 | 36507.90 | 34487.70 | 2020.20 |
| 20 | 45950 | 3561 | 49511 | 37578.85 | 35499.39 | 2079.46 |
| 21 | 47260 | 3663 | 50923 | 38650.56 | 36511.79 | 2138.77 |
| 22 | 48570 | 3764 | 52334 | 39721.51 | 37523.48 | 2198.03 |
| 23 | 50030 | 3877 | 53907 | 40915.41 | 38651.32 | 2264.09 |
| 24 | 51490 | 3990 | 55480 | 42109.32 | 39779.16 | 2330.16 |
| Officers Scale IV | 0 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| OS-IV-01 | 50030 | 5003 | 55033 | 41770.05 | 39458.66 | 2311.39 |
| OS-IV-02 | 51490 | 5149 | 56639 | 42989.00 | 40610.16 | 2378.84 |
| OS-IV-03 | 52950 | 5295 | 58245 | 44207.96 | 41761.67 | 2446.29 |
| OS-IV-04 | 54410 | 5441 | 59851 | 45426.91 | 42913.17 | 2513.74 |
| OS-IV-05 | 55870 | 5587 | 61457 | 46645.86 | 44064.67 | 2581.19 |
| OS-IV-06 | 57520 | 5752 | 63272 | 48023.45 | 45366.02 | 2657.42 |
| OS-IV-07 | 59170 | 5917 | 65087 | 49401.03 | 46667.38 | 2733.65 |
| Officers Scale V | 0 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| OS-V-01 | 59170 | 5917 | 65087 | 49401.03 | 46667.38 | 2733.65 |
| OS-V-02 | 60820 | 6082 | 66902 | 50778.62 | 47968.73 | 2809.88 |
| OS-V-03 62470 | 62470 | 6247 | 68717 | 52156.20 | 49270.09 | 2886.11 |
| OS-V-04 | 64270 | 6427 | 70697 | 53659.02 | 50689.75 | 2969.27 |
| OS-V-05 | 66070 | 6607 | 72677 | 55161.84 | 52109.41 | 3052.43 |
| Officers Scale VI | 0 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| OS-VI-01 | 68680 | 7555 | 76235 | 57862.37 | 54660.50 | 3201.87 |
| OS-VI-02 | 70640 | 7770 | 78410 | 59513.19 | 56219.97 | 3293.22 |
| OS-VI-03 | 72600 | 7986 | 80586 | 61164.77 | 57780.16 | 3384.61 |
| OS-VI-04 | 74560 | 8202 | 82762 | 62816.36 | 59340.35 | 3476.00 |
| OS-VI-05 | 76520 | 8417 | 84937 | 64467.18 | 60899.83 | 3567.35 |
| Officers Scale VII | 0 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| OS-VII-01 | 76520 | 8417 | 84937 | 64467.18 | 60899.83 | 3567.35 |
| OS-VII-02 | 78640 | 8650 | 87290 | 66253.11 | 62586.93 | 3666.18 |
| OS-VII-03 | 80760 | 8884 | 89644 | 68039.80 | 64274.75 | 3765.05 |
| OS-VII-04 | 82880 | 9117 | 91997 | 69825.72 | 65961.85 | 3863.87 |
| OS-VII-05 | 85000 | 9350 | 94350 | 71611.65 | 67648.95 | 3962.70 |
As the name says ‘computerised accounting’ is the use of computers, software, and hardware to…
The Supreme Court today overruled a 2008 decision by the National Consumer Disputes Redressal Commission…
The Bank’s financial statements are prepared under the historical cost convention, on the accrual basis…
The term "accounting treatment" represents the prescribed manner or method in which an accountant records…
The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the…
In terms of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,…