Expected DA Dearness Allowance for Bank Employees from Nov 2018 update on 29 09 2018

UPDATE as on 31 10 2018.  DA for bank employees from NOV 2018 is at 6.6%  ( Highest increase in the recent history)

CPI (IW) for Sep 2018 has remained stationery at 301 points for third month.

CPI IW Index as per 1960 Series
CPI July 2018 301 6870.60
CPI  August 2018 301 6870.60
CPI  September 2018 301 6870.60
Average 6870.60
Rounded To 6870
Already Merged Points 4440.00
DA Paid for the Previous Quarter 2164.00
Difference 266.00
Increase In No of Slabs 66.5
Rounded Off to 66

Net DA increase for officers from NOV 2018 is as follows

OFFICERS SCALE I,II AND III
Stage No Basic Pay DA increase
1 23700 1685.43
2 24680 1755.12
3 25660 1824.81
4 26640 1894.50
5 27620 1964.20
6 28600 2033.89
7 29580 2103.58
8 30560 2173.27
9 31705 2254.70
10 32850 2336.13
11 34160 2429.29
12 35470 2522.45
13 36780 2615.61
14 38090 2708.77
15 39400 2801.93
16 40710 2895.09
17 42020 2988.25
18 43330 3081.41
19 44640 3174.57
20 45950 3267.73
21 47260 3360.89
22 48570 3454.06
23 50030 3557.88
24 51490 3661.71
25 52950 3765.54
26 54410 3869.37
27 55870 3973.20
28 57330 4077.02
29 58790 4180.85

 

Net DA increase for workmen from November 2018 is as follows

WORKMEN  (CLERKS)
Stage No Basic Pay Net DA increase 6.6%
1 11765 836.67
2 12420 883.25
3 13075 929.83
4 13730 976.41
5 14545 1034.37
6 15360 1092.33
7 16175 1150.29
8 17155 1219.98
9 18135 1289.67
10 19115 1359.36
11 20095 1429.06
12 21240 1510.48
13 22385 1591.91
14 23530 1673.34
15 24675 1754.76
16 25820 1836.19
17 26965 1917.62
18 28110 1999.04
19 30230 2149.81
20 31540 2242.97
21 32850 2336.13
22 34160 2429.29
23 35470 2522.45
24 36780 2615.61
25 38090 2708.77
26 39400 2801.93
27 40710 2895.09
28 42020 2988.25

 

 

 

 

 

CPI(IW) for the month of August 2018 is stagnant at 301

Ministry of Labour, Government of India has released CPI (IW) for the month of August 2018.

Contrary to the expectations  the index remained stationary at  301.

DA for bank employees for Nov 2018 is based on CPI (IW) for the months of July, August and September.

The following is the table with stagewise increase of Da for Bank employees.

WORKMEN  (CLERKS)
Stage No Basic Pay Scenario I  With 6.6% Increase in DA Scenario I  With 6.8% Increase in DA
1 11765 836.67 862.02
2 12420 883.25 910.01
3 13075 929.83 958.01
4 13730 976.41 1006.00
5 14545 1034.37 1065.71
6 15360 1092.33 1125.43
7 16175 1150.29 1185.14
8 17155 1219.98 1256.95
9 18135 1289.67 1328.75
10 19115 1359.36 1400.56
11 20095 1429.06 1472.36
12 21240 1510.48 1556.25
13 22385 1591.91 1640.15
14 23530 1673.34 1724.04
15 24675 1754.76 1807.94
16 25820 1836.19 1891.83
17 26965 1917.62 1975.73
18 28110 1999.04 2059.62
19 30230 2149.81 2214.95
20 31540 2242.97 2310.94
21 32850 2336.13 2406.92
22 34160 2429.29 2502.90
23 35470 2522.45 2598.89
24 36780 2615.61 2694.87
25 38090 2708.77 2790.85
26 39400 2801.93 2886.84
27 40710 2895.09 2982.82
28 42020 2988.25 3078.81

 

 

 

 

 

 

 

OFFICERS SCALE I,II AND III
Stage No Basic Pay Scenario I  With 6.6% Increase in DA Scenario I  With 6.8% Increase in DA
1 23700 1685.43 1736.50
2 24680 1755.12 1808.30
3 25660 1824.81 1880.11
4 26640 1894.50 1951.91
5 27620 1964.20 2023.72
6 28600 2033.89 2095.52
7 29580 2103.58 2167.33
8 30560 2173.27 2239.13
9 31705 2254.70 2323.03
10 32850 2336.13 2406.92
11 34160 2429.29 2502.90
12 35470 2522.45 2598.89
13 36780 2615.61 2694.87
14 38090 2708.77 2790.85
15 39400 2801.93 2886.84
16 40710 2895.09 2982.82
17 42020 2988.25 3078.81
18 43330 3081.41 3174.79
19 44640 3174.57 3270.77
20 45950 3267.73 3366.76
21 47260 3360.89 3462.74
22 48570 3454.06 3558.72
23 50030 3557.88 3665.70
24 51490 3661.71 3772.67
25 52950 3765.54 3879.65
26 54410 3869.37 3986.62
27 55870 3973.20 4093.59
28 57330 4077.02 4200.57
29 58790 4180.85 4307.54

 

 

Index details are available for two months and for both the months CPI (IW) is stagnant at 301 points.

Now assuming that the index remains stagnant at 301 for the coming month also then DA for Bank employees will increase by 66 da slabs.  Each DA slab is equal to 0.1% hence da for bankers will increase by 6.6%

If we assume that index increases by 1 point for the next month, then DA for bankers will be at 68 DA slabs or 6.8% of basic + Special pay.

Please click below for the press note released by Ministry Of Labour

Ministry of Labour Press Release

 

 

2 Replies to “Expected DA Dearness Allowance for Bank Employees from Nov 2018 update on 29 09 2018”

  1. Pingback: DA for Bank Employees from November 2018 (Expected) - BANKNEWS-VIEWS

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