As announced by the Labour Bureau of the Government today (31.10.2017), the average index numbers for July ‘17 to Septemeber ‘17 works out to 6505. It means 38 slabs (3.8% ) increase of DA for the ensuing quarter November 2017 to January 2018, over the previous quarter. The above increase in DA rate is applicable to all the serving staff of banks viz. Officers, clerical and sub-staff.
This means 51.60 of DA for November’17 to Jan’18 on ‘pay’ (which includes allowances eligible for DA) @ the rate of 0.10% per slab.
For Serving staff and pensioner’s latest DA chart (August 2017 to October 2017), click the link below:
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.