Sorry Friends we could not update latest news and also our views for the past 18 months.
DA FOR BANK EMPLOYEES FROM Nov 2018
For Updates as at 29 09 2018 please click http://banknews-views.com/expected-da-dearness-allowance-for-bank-employees-from-nov-2018-update-on-29-09-2018/
Our come back is with a sweet surprise news. DA increase for Bank Employees from November 2018 will be 6.6%. (mimimum guaranteed)
This is one of the highest in the recent past. According to the past data available there was a comparable increase during 2010.
What will be the increase of DA for bank employees from November 2018?
The first month Data i.e for the month of July 2018 was released and the CPI (IW) index for the month stood at 301 with an increase of 10 points.
Basing on the first month data, DA for Bank Employees from November 2018 will be increase by around 64 slabs and we will be shortly releasing new post with regard to our prediction.
Core inflation is picking up which is very uncommon for a BJP lead Government.
DA from Nov 2018 for bank employees is based on the CPI(IW) index for the months of July, August and September 2018. Now as the July month data is released and the second month data is due on 30th Spetember 2018.
So at least wait for 30th September for a reasonable prediction of DA for Bank Employees form Nov 2018.
The details of calculation of DA for November 2018 are as follows
|CPI IW||Index as per 1960 Series|
|CPI Month 1||301||6870.59|
|CPI Month 2||301||6870.59|
|CPI Month 3||301||6870.59|
|Already Merged Points||4440.00|
|DA Paid for the Previous Quarter||2164.00|
|Increase In No of Slabs||66.5|
|Rounded Off to||66|