Dearness Allowance or DA for Bank Employees Our Prediction for November 2018

Dearness Allowance or DA for Bank Employees Our Prediction for November 2018

For update 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/

Majority of the Bankers didn’t notice what is a 10 point jump in CPI (IW) for the month of July.

It is indeed a rare phenomenon to witness. Once in a Blue Moon Event.  For your ready reference the following chart was prepared. With stagewise increase in DA for Bankers from November 2018. Please share it for the benefit of others.

Monthly Data on CPI(IW) for the month of July is released and the index for the month of July 20185 stood at 301 with a increase of 10 points.

Everybody knows that DA will increase by 6.6% with the data.

Now as per our analysis of the past data released by Ministry of Labour our prediction is that, from November 2018 DA will increase by  72 slabs or 7.2%.(Minimum), and on the Maximum it may go upto 79 slabs or 7.9%

OFFICERS SCALE I,II AND III

Stage No Basic Pay

Scenario I                         With 7.2%            Increase in DA

Scenario II                     With 7.9%                       Increase in DA
1 23700 1838.65 2017.40
2 24680 1914.67 2100.82
3 25660 1990.70 2184.24
4 26640 2066.73 2267.66
5 27620 2142.76 2351.08
6 28600 2218.79 2434.50
7 29580 2294.82 2517.92
8 30560 2370.84 2601.34
9 31705 2459.67 2698.81
10 32850 2548.50 2796.27
11 34160 2650.13 2907.78
12 35470 2751.76 3019.30
13 36780 2853.39 3130.81
14 38090 2955.02 3242.32
15 39400 3056.65 3353.83
16 40710 3158.28 3465.34
17 42020 3259.91 3576.85
18 43330 3361.54 3688.36
19 44640 3463.17 3799.87
20 45950 3564.80 3911.38
21 47260 3666.43 4022.89
22 48570 3768.06 4134.40
23 50030 3881.33 4258.68
24 51490 3994.59 4382.96
25 52950 4107.86 4507.24
26 54410 4221.13 4631.52
27 55870 4334.39 4755.79
28 57330 4447.66 4880.07
29 58790 4560.93 5004.35

 

WORKMEN  (CLERKS)

Stage No Basic Pay Scenario I  With 7.2% Increase in DA Scenario I  With 7.9% Increase in DA
1 11765 912.73 1001.47
2 12420 963.54 1057.22
3 13075 1014.36 1112.98
4 13730 1065.17 1168.73
5 14545 1128.40 1238.11
6 15360 1191.63 1307.48
7 16175 1254.86 1376.86
8 17155 1330.88 1460.28
9 18135 1406.91 1543.70
10 19115 1482.94 1627.12
11 20095 1558.97 1710.54
12 21240 1647.80 1808.00
13 22385 1736.63 1905.47
14 23530 1825.46 2002.93
15 24675 1914.29 2100.40
16 25820 2003.12 2197.86
17 26965 2091.94 2295.33
18 28110 2180.77 2392.79
19 30230 2345.24 2573.25
20 31540 2446.87 2684.76
21 32850 2548.50 2796.27
22 34160 2650.13 2907.78
23 35470 2751.76 3019.30
24 36780 2853.39 3130.81
25 38090 2955.02 3242.32
26 39400 3056.65 3353.83
27 40710 3158.28 3465.34
28 42020 3259.91 3576.85

 

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