On the basis of CPI data announced by the Labour Bureau for the months of July to September 2019, the average index number works out to 7311 (base 1960=100). It means 717 slabs DA on basic and special allowances for the bank staff. In other words, for the period of November 2019 to February 2020, Bank staff is eligible for 71.70% DA which means 36 slabs
(3.6%) increase over the previous quarter. The following chart shows the rate of dearness relief applicable to a special allowance
| New | Od DA | . | ||||
| Designation | Fixed Pay | Fixed All. | Total | 71.70% | 68.10% | 3.60% |
| Bill collector | 390 | 31 | 421 | 301.86 | 286.70 | 15.16 |
| Armed Gurd. | 390 | 31 | 421 | 301.86 | 286.70 | 15.16 |
| Daftry | 560 | 43 | 603 | 432.35 | 410.64 | 21.71 |
| Head Peon | 740 | 57 | 797 | 571.45 | 542.76 | 28.69 |
| Electrician | 2040 | 158 | 2198 | 1575.97 | 1496.84 | 79.13 |
| AC technician | 2040 | 158 | 2198 | 1575.97 | 1496.84 | 79.13 |
| Driver | 2370 | 184 | 2554 | 1831.22 | 1739.27 | 91.94 |
| SWO | 820 | 64 | 884 | 633.83 | 602.00 | 31.82 |
| Head Cashier | 1280 | 99 | 1379 | 988.74 | 939.10 | 49.64 |
| spl.Asstt. | 1930 | 150 | 2080 | 1491.36 | 1416.48 | 74.88 |
| Graduation/PQP | 0 | 0.00 | 0.00 | 0.00 | ||
| After 1 year | 410 | 32 | 442 | 316.91 | 301.00 | 15.91 |
| After 2 years | 800 | 62 | 862 | 618.05 | 587.02 | 31.03 |
| After 3 years | 1210 | 94 | 1304 | 934.97 | 888.02 | 46.94 |
| After 4 years | 1620 | 125 | 1745 | 1251.17 | 1188.35 | 62.82 |
| After 5 years | 2010 | 156 | 2166 | 1553.02 | 1475.05 | 77.98 |
This article explains the meaning of Depreciation, Causes of Depreciation, Need for Depreciation, Factors of…
Before closing the ledger accounts, if the error is found you can rectify it without…
The errors in accounting take place due to wrong posting of transactions, wrong totaling or…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26…
When the trial balance does not tally due to the one-sided errors in the books,…
Errors in Trial Balance are mistakes made during the accounting process that cannot always be…