DA for Bank Employees Increases by 34 Slabs / 3.4% from November 2015 to February 2016

DA for Bank employees for Public sector banks and State Bank of India ( SBI ) to increase by 34 Slabs or 3.4% which now stands at 39.8%.

With the two point increase of All India Consumer Price Index Numbers (AICPIN) for the month of SEPTEMBER ’15, which stood at 266 points , Bank employees will get hefty increase of 34 slabs of D.A. for Nov'15 to Jan'16 quarter.

July’15       263 (6003.21)

August       264 (6026.04)

September 266 (6071.69)

Accordingly  Bank workmen/Officers  will have  34 slabs increase   in DA payable for next quarter Nov to Jan’16 at 39.80%.(3.40%increase from Existing 36.40%)

Following is the chart for the DA increase as well as changes in the gross salary for all the scales from I to VII.

For the first time Apna Jobs Blogspot has come out with changes in the total gross salary for Bank Employees after the implementation of new DA increase from November 2015.

The above chart also gives the details of the salary payable i.e., gross salary to the staff of Govt banks and SBI. Here we have taken the both CCA 870 and 600 to compute the gross salary.

Likely DA ( Dearness Allowance ) and Detailed DA Chat for Bankers from August 2015

With wage revision and new salary already in place there is another cheer for bankers as from August 2015 there is likely increase of Dearness Allowance by 2.8% ie from present 33.7% to 36.5%

Labour Bureau,Ministry of Labour and Employment,Govt of India,released today, the All India Consumer Price Index Numbers (AICPIN)for Industrial workers(IW) Base 2001=100 for the month of MAY ’15 which stood at 258 points with an increase of 2 points while compared to April’15 figure.
                   Consequent upon the merger of CPI at 4440 points with Basic Pay under10th BPS/7thJN, serving employees new DA formula  came  into  effect from 1.11.2012.( with DA factor @0.10 for every rise/fall of 4 points  on CPI (IW) Base 1960=100)  
      
 Accordingly the  confirmed index figures for April & May are as follows:
                 Base 2001=100                    1960=100
April                   256                             5843.43
May                    258                             5889.08        
                              
 If the  present level of index for May is continued at same level in June also, there may  have  21 slabs increase in DA payable to Bank workmen/Officers from August 2015

 There is also  likelihood of further increase of 8  or 10 points in June index figure in such case increase of 30 slabs too can be expected.

This is only an assumption based on  the past trend as well as on latest  movement of index numbers.Exact DA  for next half year will be arrived based on average index numbers  of April,May and  June’15.(which will be released in next month only).by Last date date of July

Kindly note that after new wage revision for bank employees the DA shall be paid on both basic as well as the special allowance.

Hence we have complied the detailed DA chart for the Public sector bank employees including state bank of India and SBI associate banks.

Scale	Basic Pay	Spl Allowance	Total DA Old	New DA	Difference
			33.7 Percent	36.5 Percent
I II III	23700	1,836.75	8,605.88	9,320.91	715.03
I II III	24680	1,912.70	8,961.74	9,706.34	744.60
I II III	25660	1,988.65	9,317.60	10,091.76	774.16
I II III	26640	2,064.60	9,673.45	10,477.18	803.73
I II III	27620	2,140.55	10,029.31	10,862.60	833.30
I II III	28600	2,216.50	10,385.16	11,248.02	862.86
I II III	29580	2,292.45	10,741.02	11,633.44	892.43
I II III	30560	2,368.40	11,096.87	12,018.87	922.00
I II III	31705	2,457.14	11,512.64	12,469.18	956.54
I II III	32850	2,545.88	11,928.41	12,919.49	991.08
I II III	34160	2,647.40	12,404.09	13,434.70	1,030.61
I II III	35470	2,748.93	12,879.78	13,949.91	1,070.13
Compiled by                        WWW.APNAJOBS.BLOGSPOT.COM
I II III	36780	2,850.45	13,355.46	14,465.11	1,109.65
I II III	38090	2,951.98	13,831.15	14,980.32	1,149.18
I II III	39400	3,053.50	14,306.83	15,495.53	1,188.70
I II III	40710	3,155.03	14,782.51	16,010.73	1,228.22
I II III	42020	3,256.55	15,258.20	16,525.94	1,267.74
I II III	43330	3,358.08	15,733.88	17,041.15	1,307.27
I II III	44640	3,459.60	16,209.57	17,556.35	1,346.79
I II III	45950	3,561.13	16,685.25	18,071.56	1,386.31
I II III	47260	3,662.65	17,160.93	18,586.77	1,425.83
I II III	48570	3,764.18	17,636.62	19,101.97	1,465.36
I II III	50030	3,877.33	18,166.77	19,676.17	1,509.41
I II III	51490	3,990.48	18,696.92	20,250.37	1,553.45
Get all the Updates on Bank wage Revision at www.apnajobs.blogspot.com
IV V	50030	5,003.00	18,546.12	20,087.05	1,540.92
IV V	51490	5,149.00	19,087.34	20,673.24	1,585.89
IV V	52950	5,295.00	19,628.57	21,259.43	1,630.86
IV V	54410	5,441.00	20,169.79	21,845.62	1,675.83
IV V	55870	5,587.00	20,711.01	22,431.81	1,720.80
IV V	57520	5,752.00	21,322.66	23,094.28	1,771.62
IV V	59170	5,917.00	21,934.32	23,756.76	1,822.44
IV V	60820	6,082.00	22,545.97	24,419.23	1,873.26
IV V	62470	6,247.00	23,157.63	25,081.71	1,924.08
IV V	64270	6,427.00	23,824.89	25,804.41	1,979.52
IV V	66070	6,607.00	24,492.15	26,527.11	2,034.96
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VI VII	68680	7,554.80	25,691.13	27,825.70	2,134.57
VI VII	70640	7,770.40	26,424.30	28,619.80	2,195.49
VI VII	72600	7,986.00	27,157.48	29,413.89	2,256.41
VI VII	74560	8,201.60	27,890.66	30,207.98	2,317.32
VI VII	76520	8,417.20	28,623.84	31,002.08	2,378.24
VI VII	78640	8,650.40	29,416.86	31,861.00	2,444.13
VI VII	80760	8,883.60	30,209.89	32,719.91	2,510.02
VI VII	82880	9,116.80	31,002.92	33,578.83	2,575.91
VI VII	85000	9,350.00	31,795.95	34,437.75	2,641.80

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