Expected DA for Bankers from Aug 2015 – Pensioners to get 31 slabs hike

Expected DA for Bankers from Aug 2015 – Pensioners to get 31 slabs hike

Bank D.A. to increase 27 slabs from Aug’15, Pensioners to get 31 slabs hike

All India Consumer Price Index Numbers (AICPIN)for Industrial workers(IW) Base 2001=100 for the month of JUNE’15 which stood at 261 points with an increase of 3 points while compared to MAY’15 figure.

Consequent upon the merger of CPI at 4440 points with Basic Pay under 10th BPS/7th JN, serving employees new DA formula came into effect from 1.11.2012.( with DA factor @0.10 for every rise/fall of 4 points on CPI (IW) Base 1960=100)

As such the confirmed All India average CPIN for the quarter ended June’15 are as follows:

Base 2001=100 1960=100

Accordingly there will be 27 slabs increase in DA payable to workmen/Officers for the next quarter ie. Aug,Sept & Oct ’15 with 364 slabs at 36.40 % DA rate.

31 SLABS INCREASE IN DA FOR BANK PENSIONERS W.E.F NEXT HALF YEAR – AUG’15 TO JAN’16.

For official confirmation kindly wait for IBA circular which may be released shortly.

News Courtesy : Mr Mohan P