What will be the increase of DA for bank employees from May 2017?
For the first time We have added the word projected DA decrease.
The first month Data on CPI(IW) was released and the index for the month of January stood at 274 with an decrease of 1 point.
Basing on the first month data DA form May 2017 will decrease by 15 slabs or 1.5% for all bank employees.
Core inflation is coming down resulting in decrease in Dearness Allowance.
DA from May 2017 for bank employees is based on the index numbers of January, February and March 2017. Now as the first month data is released and the second month data is due on March 2017 wherein the CPI(IW) for the month of February will released.
So at least wait for 31th March for a reasonable prediction of DA form May 2017.
The details of calculation of DA form May 2017 are as follows
|CPI IW||Index as per 1960 Series|
|CPI Month 1||274||6254.30|
|CPI Month 2||274||6254.30|
|CPI Month 3||274||6254.30|
|Already Merged Points||4440.00|
|DA Paid for the Previous Quarter||1876.00|
|Increase In No of Slabs||-15.5|
|Rounded Off to||-15|