Dearness Allowance for Bank Employees – Bank DA to increase 33 slabs from August 2014

Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014

33 SLABS INCREASE IN DA FOR BANK WORKMEN/OFFICERS FOR AUGUST SEPT AND OCT’14 QUARTER

Labour Bureau,Ministry of Labour and Employment,Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of June’14,today which stood at 246 points with an increase of 2 points while compared to May figure.

Thus the confirmed All India average CPI(IW) 1960=100 for the quarter would be 5569.52.As such there will be 33 slabs increase in DA for bank Staff at 102.45 % (as against 97.50% in previous quarter with 4 .95% increase)as per details furnished here under: -  

Base Year 2001=100	1960=100
APR 242	5523.87
MAY 244	5569.52
JUNE 246	5615.17
Average index	5569.52
Less merged index(9thBPS)	2836
Slabs	683
Increase (683 -old 650)	33 slabs
DA. @0.15%	102.45%

The quantum of increase in DA to Bank Officers,Clerks and Sub Staff for the next quarter –August to October’14 is furnished here under; Kindly note that DA details are given only for information and wait for Official DA circular of IBA which will be released shortly.

Source: www.paycommissionupdate.blogspot.in