DA FOR BANK EMPLOYEES FROM FEBRUARY 2017 TO APRIL 2017

DA FOR BANK EMPLOYEES FROM FEBRUARY 2017 TO APRIL 2017

 

  • Surprise for all Bank Employees DA has decreased by 9 slabs from Feb 2017.

 

  • Today Ministry of labour andEmployment has released the CPI(IW) for the month of December 2017.

 

  • CPI(IW) for Dec 2017 stands at 275 which is an decrease of 2 points from November.

 

  • DA from Feb 2017 stands at 46.9%.  DA for the previous quarter was at 47.8%.

 

The following table gives a clear picture about the calculation of DA

 

CPI IW Index as per 1960 Series
CPI Month 1 278 6345.60
CPI Month 2 277 6322.77
CPI Month 3 275 6277.12
Average 6315.17
Rounded To 6315
Already Merged Points 4440.00
DA Paid for the Previous Quarter 1912.00
Difference -37.00
Increase In No of Slabs -9.25
Rounded Off to -9

 

chart for Bank Officers with the new DA From FEB 2017

 

 

 

 

OFFICERS SCALE I,II AND III
Stage No Basic Pay Existing DA NEW  DA Increase
1 23700 12206.57 11976.74 -229.83
2 24680 12711.31 12471.98 -239.33
3 25660 13216.05 12967.22 -248.84
4 26640 13720.80 13462.46 -258.34
5 27620 14225.54 13957.70 -267.84
6 28600 14730.29 14452.94 -277.35
7 29580 15235.03 14948.18 -286.85
8 30560 15739.78 15443.42 -296.36
9 31705 16329.50 16022.04 -307.46
10 32850 16919.23 16600.67 -318.56
11 34160 17593.94 17262.67 -331.27
12 35470 18268.65 17924.68 -343.97
13 36780 18943.36 18586.68 -356.67
14 38090 19618.06 19248.69 -369.38
15 39400 20292.77 19910.69 -382.08
16 40710 20967.48 20572.70 -394.79
17 42020 21642.19 21234.70 -407.49
18 43330 22316.90 21896.71 -420.19
19 44640 22991.61 22558.71 -432.90
20 45950 23666.32 23220.72 -445.60
21 47260 24341.03 23882.72 -458.30
22 48570 25015.74 24544.73 -471.01
23 50030 25767.70 25282.54 -485.17
24 51490 26519.67 26020.34 -499.32
25 52950 27271.63 26758.15 -513.48
26 54410 28023.60 27495.96 -527.64
27 55870 28775.56 28233.76 -541.80
28 57330 29527.53 28971.57 -555.96
29 58790 30279.50 29709.38 -570.12

 

chart for clerks with the new DA From FEB 2017:

 

Basic Pay Existing DA New DA Increase
11765 6059.50 5945.41 -114.09
12420 6396.86 6276.42 -120.44
13075 6734.21 6607.42 -126.79
13730 7071.57 6938.42 -133.15
14545 7491.33 7350.28 -141.05
15360 7911.09 7762.14 -148.95
16175 8330.85 8174.00 -156.86
17155 8835.60 8669.24 -166.36
18135 9340.34 9164.48 -175.86
19115 9845.09 9659.72 -185.37
20095 10349.83 10154.96 -194.87
21240 10939.56 10733.58 -205.97
22385 11529.28 11312.20 -217.08
23530 12119.01 11890.83 -228.18
24675 12708.74 12469.45 -239.29
25820 13298.46 13048.07 -250.39
26965 13888.19 13626.70 -261.49
28110 14477.91 14205.32 -272.60
30230 15569.81 15276.65 -293.16
31540 16244.52 15938.66 -305.86
32850 16919.23 16600.67 -318.56
34160 17593.94 17262.67 -331.27
35470 18268.65 17924.68 -343.97
36780 18943.36 18586.68 -356.67
38090 19618.06 19248.69 -369.38
39400 20292.77 19910.69 -382.08
40710 20967.48 20572.70 -394.79
42020 21642.19 21234.70 -407.49

 

 

5 Replies to “DA FOR BANK EMPLOYEES FROM FEBRUARY 2017 TO APRIL 2017”

  1. Pingback: DA increase for Bank employees from February 2017 Updated on 30.12.2016 - BANKNEWS-VIEWS

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