Banking News

DA chart of Bank employees (May'18-July'18)

DA chart of Bank employees (May’18-July’18)

Latest update: 27.04.2018

As announced by the Labour Bureau of the Government today (27.04.2018), the average index numbers (CPI-IW) for the months of  Janaury 2018 to March 2018 works out to 6558.63. It means 2 slabs (0.20% ) increase in DA  for the ensuing quarter May 2018 to July  2018, over the previous quarter.
This means 52.90 % DA for the quarter May 2018 to July  2018 on ‘pay’ (which includes allowances eligible for DA) @ the rate of 0.10% per slab. The above increase in DA rate is applicable to all the serving staff of banks viz. Officers, clerical and sub-staff.
CLICK below to see  confirmed DA CHART for Officers, clerical and sub-staff


(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 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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