Banking News

Confirmed DA chart (Dearness Allowance) for Bank staff

For Serving staff and pensioner’s latest DA chart (August 2017 to October 2018), click the link below:

(1)Dearness Allowance for Bank –Officer (click)

(2)Dearness Allowance for Bank – Clerical Staff (Click)

(3)Dearness Allowance for Bank Sub-Staff (Click)

(4) Bank employees DA on special pay
(5) Dearness Relief for Bank Pensioners (CLICK)

The confirmed DA for the months of August 2017-October 2017 is @47.80% on ‘pay’ (which includes allowances eligible for DA) @ the rate of 0.10% per slab. It means an increase of 22 slabs over the previous (May –July 2017) level of DA for the Bank employees and officers.Bank Pensioner’s DA is increased by 9 slabs for the period August 2017 to Janaury2018.

The current rate of DA is calculated on the basis of average index numbers of preceiding quarter. For example, DA for the months of August, September and October is worked out on the basis of CPI(IW) of April,May and June for serving staff. For the pensioners same rate of DA is applied for 6 months (i.e from August to Janaury).The Consumer Price Index Numbers for Industrial Workers is released on the last working day of the succeeding month. For example CPI(IW) of June is released by Ministry of Labours on 31st July.

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