DA increase for Bank employees from February 2017 Updated on 30.12.2016

DA  increase for Bank employees from February 2017 Updated on 30.12.2016

Today  i.e on 30.12.2016, Ministry of Labour, has announced the CPI (IW) for the month of November 2016.  So in effective we have two months data to project the DA for the months of February, March and April 2017 for all Bank Employees.

CPI(IW) for November 2016 has decreased by 1  point and stood at 277.

Now the consumer price index trend for the past six months is as follows

Month CPI(IW)
June 277
July 280
August 278
September 277
October 278
November 277
December ?

We have analyzed the past data, based on our observations we expect further decrease in the index.  This will effectively decrease the DA for Bank Employees.

In our last post we have projected a have decrease of nearly 16 slabs of DA from Feb 2017 for all Bank Employees.

Now as per our projections the index will come down and the following are the different scenarios that will emerge

   Decrease in  DA Slabs
Index increases by 1 point    (278) 3 Slabs
Index remains same                (277) 5 Slabs
Index decreases by 1 point   (276) 7 Slabs
Index decreases  by 1 point  (275) 9 Slabs
Index decreases by 1 point   (274) 11 Slabs

 

We project a decrease of 7 to 9 slabs  from February 2017 for bankers.

So at least wait for 30th January 2017  to know the actual  increase  from February 2017.

For additional information please click on the following links

HISTORY OF DEARNESS ALLOWANCE

DA STATISTICS FROM 2006 TO 2016 IN A TABLE

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