Banking News

Bank Officers DA (Dearness Allowance) May-July 2018

Bank Officers DA (Dearness Allowance) May-July 2018


Latest update: 27.04.2018

Only 2 slabs increase in DA for May-July 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.

Bank Officers DA for the months of May 2018 to July 2018
Stage Basic_pay      Spl.Pay      Total DA New DA previous 0.20%
Officers Scale I to VII 52.90% 52.70% Increase
1 23700 1837 25537 13509.07 13458.00 51.07
2 24680 1913 26593 14067.70 14014.51 53.19
3 25660 1989 27649 14626.32 14571.02 55.30
4 26640 2065 28705 15184.95 15127.54 57.41
5 27620 2141 29761 15743.57 15684.05 59.52
6 28600 2217 30817 16302.19 16240.56 61.63
7 29580 2292 31872 16860.29 16796.54 63.74
8 30560 2368 32928 17418.91 17353.06 65.86
9 31705 2457 34162 18071.70 18003.37 68.32
10 32850 2546 35396 18724.48 18653.69 70.79
11 34160 2647 36807 19470.90 19397.29 73.61
12 35470 2749 38219 20217.85 20141.41 76.44
13 36780 2850 39630 20964.27 20885.01 79.26
14 38090 2952 41042 21711.22 21629.13 82.08
15 39400 3054 42454 22458.17 22373.26 84.91
16 40710 3155 43865 23204.59 23116.86 87.73
17 42020 3257 45277 23951.53 23860.98 90.55
18 43330 3358 46688 24697.95 24604.58 93.38
19 44640 3460 48100 25444.90 25348.70 96.20
20 45950 3561 49511 26191.32 26092.30 99.02
21 47260 3663 50923 26938.27 26836.42 101.85
22 48570 3764 52334 27684.69 27580.02 104.67
23 50030 3877 53907 28516.80 28408.99 107.81
24 51490 3990 55480 29348.92 29237.96 110.96
Officers Scale IV 0 0.00 0.00 0.00
OS-IV-01 50030 5003 55033 29112.46 29002.39 110.07
OS-IV-02 51490 5149 56639 29962.03 29848.75 113.28
OS-IV-03 52950 5295 58245 30811.61 30695.12 116.49
OS-IV-04 54410 5441 59851 31661.18 31541.48 119.70
OS-IV-05 55870 5587 61457 32510.75 32387.84 122.91
OS-IV-06 57520 5752 63272 33470.89 33344.34 126.54
OS-IV-07 59170 5917 65087 34431.02 34300.85 130.17
Officers Scale V 0 0.00 0.00 0.00
OS-V-01 59170 5917 65087 34431.02 34300.85 130.17
OS-V-02 60820 6082 66902 35391.16 35257.35 133.80
OS-V-03        62470 62470 6247 68717 36351.29 36213.86 137.43
OS-V-04 64270 6427 70697 37398.71 37257.32 141.39
OS-V-05 66070 6607 72677 38446.13 38300.78 145.35
Officers Scale VI 0 0.00 0.00 0.00
OS-VI-01 68680 7555 76235 40328.32 40175.85 152.47
OS-VI-02 70640 7770 78410 41478.89 41322.07 156.82
OS-VI-03 72600 7986 80586 42629.99 42468.82 161.17
OS-VI-04 74560 8202 82762 43781.10 43615.57 165.52
OS-VI-05 76520 8417 84937 44931.67 44761.80 169.87
Officers Scale VII 0 0.00 0.00 0.00
OS-VII-01 76520 8417 84937 44931.67 44761.80 169.87
OS-VII-02 78640 8650 87290 46176.41 46001.83 174.58
OS-VII-03 80760 8884 89644 47421.68 47242.39 179.29
OS-VII-04 82880 9117 91997 48666.41 48482.42 183.99
OS-VII-05 85000 9350 94350 49911.15 49722.45 188.70

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