Final DA for Bank Employees for May, June and July 2015 Announced

Month CPI

January 2015 5797.78

February 2015 5774.95

March 2015 5797.78

Based on the above calculations the new DA will be 110.70%, for the months of  May,  June and  July  2015 for the Public sector bank employees as well as old generation private sector bank employees who are paying according to the IBA pay scale.

Earlier for the Month of February , March and April 2015 the DA for bank staff was at 110.1% and in newer DA increase  of  0.60%. (increase of 4 slabs)  

Below is the detailed chart of the Final DA payable chart for both officers and clerical staff. to the bankers from May 2015 onwards for 3 months 

DA ( Dearness Allowance Chart for Officers from May 2015

DA Dearness Allowance Charts for Clerical Staff from May 2015

Final DA ( Dearness Allowance ) for Bank Employees- PSB Bankers from February 2015

With the CPI of the month of October, November and December at following levels

Month                   CPI

October 2014         5774.95
November 2014 5774.95
December  2014 5774.95

 Based on the calculations done the there will be very meagre increase in the DA for Bankers including SBI Bank which in Percentage terms is 0.30% and in terms of slab only 2 Slab

So the new total DA for Bank staff both officers and Clericals staff shall be 110.10% of the Basic Pay ( Earlier DA for the month of November, December 2014 and January 2015 was 109.8%

Following is the DA chart for the Public Sector Bank employees which shows the total new DA payable from February 2015 and difference payable.

DA for Central Govt. / PSU lilkely to Increase by 6% from January 2015

With the consumer Price Index Number [CPI(IW)] for October 2014 remaining unchanged at the level of  253. 

Central D.A is likely to be 6% increased from Jan'15, this DA increase is for both IDA pattern salary and CDA pattern salary of more than 60 Lakh Central Government employee.

Presently DA being 107 % and addition of 6% will mean that the total DA for Central Government employee as well as public sector undertaking employees leaving apart public sector bank employees the Likely New Dearness Allowance ( D.A. ) from January 2015 will be 113%

To calculate the DA for Jan 2015 accurately, we need the AICPIN value for the next two months. 

But we only have the AICPIN value for four months now. In the coming months, if the AICPIN value remains at 253 or 1 point increase based (254 ,255,) then D.A. is likely to be hiked @ 6% , totaling to  i.e. 113%. ( We have taken assumption based on year trends are at almost all the time we have predicted accurately ).

Final DA ( Dearness Allowance ) Chart for PSB Bankers from November 2014

With Release of CPI data for the Month of July - September 2014 the Final DA ( Dearness Allowance ) chart for Public Sector Bank employees is ready .

DA increases by 49 Slabs from November 2014 for Bank Employees

Which means a increase of 7.35% over the basic salary and now the total DA payable for PSB bank staff is is 109.80% which shall be payable from November 2014 salary onward. .

Check the DA chart below for both officers and clerical staff for Banking sector present employees and bank aspirants.

Final DA Chart for Bank Officers Employees from November 2014

Final DA chart for Bank Clerical Staff from November 2014

Full and Final DA Chart for Bank Employees from November 2014

Please note that the Dearness Allowance payable on the Basic salary in All public sector banks in India as well as in some of the old generation Private sector banks like J&K Bank, Dhanlakshmi Bank, Karnataka Bank, City Union Bank, Federal Bank, South Indian Bank.

The above DA is payable from November 2014 to January 2015 Salary in PSB like Canara Bank, Bank of India, Central Bank of India, OBC, Bank of baroda, Punjab National Bank ( PNB ) including State Bank of India ( SBI ) and all the associate bank of SBI like SBH, SBT, SBM .

The Above increased DA payable to all the staff in all the cadres and depends upon their basic salary so you can see in the table the present DA and expected increased DA with quantum of increased DA.

Central Government employees Dearness Allowance (D.A.) to be 107% from July 1, 2014

The government has decided to increase the Dearness Allowance of Central Government employees to 107% from July 1, 2014. The increase is 7% from the previous increase which was earlier 100% of the basic pay.
                The DA of central government is revised twice a year on January 1, and second on July 1.
From last few years the increase in DA for government employees has been very good as due to high inflation as DA is linked to the CPI and WPI and higher the prices of CPI and WPI higher is the increase in Dearness allowance

4.95% rise in dearness Allowance (DA ) of PSB Bankers from August 2014, 33 Slabs

The D.A. ( Dearness Allowance ) of Bank employees has increased by 4.95% now new DA payable from August , September and October 2014 shall be 102.45 % of Basic Pay.

Following is the chart which shows the increase in DA for the bankers of public sector banks from August 2014. In terms of slabs the increase is of 33 Slab

Following is the graphical tabular representation of DA chart of bank employees with effect from August 2014 Salary.

DA Chart with Increase in DA for Bank Staff from August 2014