DA Chart for Bank Sub-Staff (August-October 2018)
12 slabs increase in DA for Aug 2018 – Oct 2018 CPI for June 2019 is 291 (6596.68) as per the announcement of Labour Bureau today (31.07.2018). With the above, the average CPI for April, May & June 2018 is 6588. AVG CPI: (6573.85+6596.68+ 6642.33/3=. 19812.86/3=6604.28-4440=2164.28/4=541 slabs @ 0.10%=54.10% So Confirmed Increase in DA Slabs…
Read article
Bank Officers DA (August-October 2018)
12 slabs increase in DA for bank officers, CPI for June 2019 is 291 (6596.68) as per the announcement of Labour Bureau today (31.07.2018). With the above, the average CPI for April, May & June 2018 is 6588. AVG CPI: (6573.85+6596.68+ 6642.33/3=. 19812.86/3=6604.28-4440=2164.28/4=541 slabs @ 0.10%=54.10 So Confirmed Increase in DA Slabs for Aug 2018…
Read article
Bank employees DA on special pay (Latest)
12 slabs increase in DA for Aug 2018 – Oct 2018 CPI for June 2019 is 291 (6596.68) as per the announcement of Labour Bureau today (31.07.2018). With the above, the average CPI for April, May & June 2018 is 6588. AVG CPI: (6573.85+6596.68+ 6642.33/3=. 19812.86/3=6604.28-4440=2164.28/4=541 slabs @ 0.10%=54.10% So Confirmed Increase in DA Slabs…
Read article
How to calculate the payment of Gratuity?
(This post offers calculation of Gratuity in two different methods and also discusses tax liability on Gratuity received) The tax-exempt gratuity limit had already been raised to Rs. 20 lakh for government employees effective from 1 January 2016. Payment of Gratuity (Amendment) Act, 2018 is notified in the Government Gazette on 29th March 2018. The…
Read article
Mandatory certification for the staff manning key responsibilities in Banks
The Apex bank after examining the recommendations of the Shri G Gopalakrishna (former Executive Director of RBI) committee on ‘Committee on Capacity Building in Banks All India financial Institutions’ in detail, decided that recommendations pertaining to the banks may be implemented by the banks based on their organisational objectives and business strategies, after taking approval…
Bankers Dearness Allowance calculation explained
[This article discusses the meaning of consumer price index; the formula used for linking the conversion Factor Base 2001=100 to Base 1960=100 and method of arriving eligible rate of DA]. Dearness Allowance (DA) is a cost of living allowance paid to Government employees Public sector employees (PSU) and their pensioners to mitigate the impact of inflation…
Read article