Dearness allowance on bank employees special Pay for February-April 2024

Consumer Price Index for October 2023, November 2023, and December 2023 are respectively- 138.40, 139.10, and 138.80. It works out to 63 slabs of additional DR for the Quarter from February 2024 to July 2024. So no change in DA for the ensuing quarter.
Pending amendments to Pension Regulations, Banks may pay the Dearness on special pay for the period February 2024 to April 2024 as below.

  New Spl pay  Fixed all    DA
Designation (B) (C )  
Bill collector 590 97 333.15
Armed Guard.  590 97 333.15
Daftry 850 139 479.96
Head Peon  1120 184 632.42
Electrician 3090 507 1744.79
AC technician 3590 589 2027.12
HeadmessengerIOB 2470 405 1394.70
Driver  3590 589 2027.12
SWO 1250 205 705.82
Head Cashier 1940 318 1095.43
spl.Asstt.  2920 479 1648.80
Graduation/PQP   0 0.00
After 1 year 625 103 352.91
After 2 years 1215 199 686.06
After 3 years  1835 301 1036.14
After 4 years  2455 403 1386.23
After 5 years 3045 499 1719.38
Surendra Naik

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Surendra Naik

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