NEW DA FROM NOV 2015 WILL BE 39.70% for bank employee

NEW DA FROM NOV 2015 WILL BE 39.70% for bank employee

Now, 30.09.2015, CPI for the month aug'15 announced as 6026.04. On assumptions that CPI data would slightly increase   for the next  months also  i.e. for  Sep'15 in that situation the expected (tentatively) increase in DA Slabs comes to 33 slabs for the month of Nov'15 - Jan'16, the expected DA payable in terms of percentage is as under :-

CPI for the Quarter

April 2015	5843.43
May 2015	5889.08
June 2015	5957.56

Average CPI for the Quarter April -June 2015 as above = 5896.69

FOR JULY                                                                                                        6003.21

       AUGUST                                                                                                   6026.04

     SEPTEMBER                                                                                              6055.39

Average CPI for the Quarter JULY TO SEPTEMBER  2015 as above = 6027.64.

NEW DA   FROM NOV 2015 WILL BE (6027.93-5896.69)/4=33 SLAB i,e 3.3%

Total DA will be 36.40+3.30= 39.70%

Please note that it is only tentative number of DA slabs assessed by everything banking news group for the quarter Nov'15 - Jan'16 based on assumptions of CPI as mentioned above.

On release of CPI data for the month of  sep 2015we will re-calculate the DA that would become payable for the period Nov'15 - Jan'16.