Expected / projected DA slabs for Bank Employees

Posted on by nagaraj

DA from February 2017:

For update as at 30.12.2016 please click the following link

Da form February 2017 updated on 30.12.2016

 Consumer Price Index for the month is October 2017 is released and is at 278 with an increase of 1 point.

 As per the data there is a decrease of 2 slabs so far.      

Brace for an impact, we project an decrease of 16 slabs in DA from February 2017. ( February , March and April )

Expected or Projected DA increase for Bank employees from February 2017

 

What will be the DA increase for bank employees from February 2017?

Difficult question to answer, but we at Banknews-views try to project the DA increase from February 2017. We need atleast one month Data for doing so.

The first month Data on CPI(IW) will be released on 30th November 2016.

Bank employees may be knowing that the due the demonetization which is underway, we all are experiencing the flow of cash from general public to banks. This is directly related to inflation and we can safely assume that the inflation for the coming few months will be subdued. Under these circumstances please brace for an negative DA increase., i.e decrease in DA for bank employees from February 2017.

DA for February 2017 for bank employees is based on the index numbers of October, November and December 2016. The first month data is due on November 2016 wherein the CPI(IW) for the month of October is released.

So at least wait for 30th November to know the projections for DA for February 2017.

 

Year Month CPI(IW) average 1962=100 Slabs % of pay
2016-17 Nov Dec Jan 6353 478 47.8
2016 Aug Sep Oct 6261.9 455 45.5
2016 May June July 6117 420 42
2016 Feb Mar Apr 6147 426 42.6
2015-16 Nov Dec Jan 6033 398 39.8
2015 Aug Sep Oct 5896 364 36.4
2015 May Jun Jul 5790.17 738 110.7
2015 Feb Mar Apr 5774.95 734 110.1
2014-15 Nov Dec Jan 5767 732 109.8
2014 Aug Sept Oct 5569.52 683 102.45
2014 May Jun Jul 5432.56 650 97.5
2014 Feb Mar Apr 5501.04 666 99.9
2013-14 Nov Dec Jan 5402.13 641 96.15
2013 Aug Sept Oct 5211.91 593 88.95
2013 May Jun Jul 5082.57 561 84.15
2013 Feb Mar Apr 4976.05 535 80.25
2012-13 Nov Dec Jan 4877 510 76.5
2012 Aug Sept Oct 4709 468 70.2
2012 May June Jul 4549 428 64.2
2012 Feb Mar Apr 4519 420 63
2011-12 Nov Dec Jan 4443 401 60.15
2011 Aug Sept Oct 4276 360 54
2011 May June Jul 4245 352 52.8
2011 Feb Mar Apr 4169 333 49.95
2010-11 Nov Dec Jan 4070 308 46.2
2010 Aug Sept Oct 3926 272 40.8
2010 May June Jul 3895.62 401 72.18
2010 Feb Mar Apr 3819 382 68.76
2009-10 Nov Dec Jan 3690 350 63
2009 Aug Sept Oct 3454 291 52.38
2009 May June Jul 3378 272 48.96
2009 Feb Mar Apr 3370 270 48.6
2008-09 Nov Dec Jan 3302 253 45.54
2008 Aug Sept Oct 3172 221 39.78
2008 May June Jul 3089 200 36
2007-08 Feb Mar Apr 3056 192 34.56
2007-08 Nov Dec Jan 3028 185 33.3
2007 Aug Sept Oct 2944 164 29.52
2006-07 May June Jul 2907.06 154 27.72
2006-07 Feb Mar Apr 2898.84 152 27.36
2006-07 Nov Dec Jan 2836 137 24.66
2006 Aug Sept Oct 2768 120 21.6
2006 May June Jul 2716.28 107 19.26
2005 Aug Sept Oct 2604 79 14.22
2005-2006 May June Jul 2672.05 93 16.73
2006 Feb Mar Apr 2711.5 106 19.08

 

The Salary of officer employees after the November 2016 DA hike is as follows

 

OFFICERS SCALE I,II AND III
Stage  Basic Pay Existing DA NEW  DA Increase
1 23700 11619.22 12206.57 587.35
2 24680 12099.68 12711.31 611.63
3 25660 12580.14 13216.05 635.91
4 26640 13060.59 13720.80 660.21
5 27620 13541.05 14225.54 684.49
6 28600 14021.51 14730.29 708.78
7 29580 14501.96 15235.03 733.07
8 30560 14982.42 15739.78 757.36
9 31705 15543.77 16329.50 785.73
10 32850 16105.12 16919.23 814.11
11 34160 16747.37 17593.94 846.57
12 35470 17389.61 18268.65 879.04
13 36780 18031.85 18943.36 911.51
14 38090 18674.10 19618.06 943.96
15 39400 19316.34 20292.77 976.43
16 40710 19958.59 20967.48 1008.89
17 42020 20600.83 21642.19 1041.36
18 43330 21243.07 22316.90 1073.83
19 44640 21885.32 22991.61 1106.29
20 45950 22527.56 23666.32 1138.76
21 47260 23169.81 24341.03 1171.22
22 48570 23812.05 25015.74 1203.69
23 50030 24527.83 25767.70 1239.87
24 51490 25243.62 26519.67 1276.05
25 52950 25959.40 27271.63 1312.23
26 54410 26675.18 28023.60 1348.42
27 55870 27390.97 28775.56 1384.59
28 57330 28106.75 29527.53 1420.78
29 58790 28822.53 30279.50 1456.97

 

30 thoughts on “Expected / projected DA slabs for Bank Employees

  1. AJAY KUMAR, AMRITSAR

    DA SLAB BEFORE 2002 SETTLEMENT 0.36, BEFORE 2007 SETTLEMENT 0.24, BEFORE 2012 SETTLEMENT 0.15 AND NOW IT REDUCED TO 0.10 . IF THE TREND WILL BE SAME THEN WHAT WILL HAPPEN OF THE DA SLAB AFTER 2032 SETTLEMENT

    Reply
  2. Subrata

    As per new DA slab, can any provide me the DA slabs of retired employees? It will helpful me to calculate next DA what will be effective for retired employees from Feb’16 – April’16.

    Reply
  3. Ravindra syal

    What about medical facility , why not to all pensioners what so ever be the case. Because each and ever pensioner is depend on pension only.why only to those who retired on 60 yrs. of age, it appears only these pensioners have the right to live long nd not the others. So this is my request to negotiate for all the pensioners , what so ever be the case. Pl. treat all the pensioners as one Indian and not the 2nd Indian. Thanks.

    Reply
  4. Sridhara

    Since 1973 ( I Joined Banking Service) I have observed that decrease in DA used to happen only in May- June- July Quarter in some years and never in any other Quarter. We may expect a deflationary trend in future.

    Reply

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