Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more 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 hereunder;

 

Kindly note that  DA details are given only for information and

wait for Official DA circular of IBA which will be released shortly.
Detailed DA  payable to bank Pensioner w.e.f.August 2014 to January 2015 as per date of of retirement is given below for information:

 

D.A.PAYABLE TO BANK PENSIONERS.w.e.f. AUG.’14
RETIRED On Or After 1.1.1986 5569 1242 over 600
Upto 1250 1251-2000 2001-2130 Above 2130
832.14 683.10 409.86 211.14 %
RETIRED After 1.11.1992 upto 31.3.98 1105 over 1148
Upto 2400 2401-3850 3851-4100 Above 4100
386.75 320.45 187.85 99.45 %
RETIRED AFTER 1.11.98 upto 31.10.2002 971 over 1684
Upto 3550 3551-5650 5651-6010 Above 6010
233.04 194.20 116.52 58.26 %
RETIRED ON   OR AFTER 1.11.2002 820 over2288
147.60 %
RETIRED ON   OR AFTER 1.11.2007 683 over 2836
102.45 %
.pm.31.7.14

Kindly await for IBA circular on  DA increase which may be issued shortly

Courtesy Mr Mohan P. (We also thank Mr Debashis Das for providing the calculation)

source-http://www.paycommissionupdate.blogspot.in/2014/07/bank-da-to-increase-33-slabs-pensioners.html

 

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