Bank D.A. to increase 27 slabs from Aug’15, Pensioners to get 31 slabs hike

All India Consumer Price Index Numbers (AICPIN)for Industrial workers(IW) Base 2001=100 for the month of JUNE’15 which stood at 261 points with an increase of 3 points while compared to MAY’15 figure.

Consequent upon the merger of CPI at 4440 points with Basic Pay under 10th BPS/7th JN, 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)

As such the confirmed All India average CPIN for the quarter ended June’15 are as follows:

Month                                  Base 2001=100                             1960=100

April                                                256                                        5843.43

May                                                  258                                         5889.08

June                                                     261                                         5957.66

                                Average CPI 5896

Accordingly there will be 27 slabs increase in DA payable to workmen/Officers for the next quarter ie. Aug,Sept & Oct ’15 with 364 slabs at 36.40 % DA rate.

31 SLABS INCREASE IN DA FOR BANK PENSIONERS W.E.F NEXT HALF YEAR – AUG’15 TO JAN’16.

For official confirmation kindly wait for IBA circular which may be released shortly.

Courtesy : Mr Mohan P