NEW DA FROM FEB 2016 WILL BE 43% for bank employee

NEW DA FROM FEB  2016 WILL BE 43% for bank employee

Now, 30.11.2015, CPI for the month OCT '15 announced as6140.18. On assumptions that CPI data would slightly increase   for the next  TWO months also  i.e. for  NOV'15 & DEC 15  in that situation the expected (tentatively) increase in DA Slabs comes to 32 slabs for the month of FEB'16 - APR'16, the expected DA payable in terms of percentage is as under :-

CPI for the Quarter

July’15       263 (6003.21) August       264 (6026.04) September 266 (6071.69)

Average CPI for the Quarter April -June 2015 as above = 6033.64

FOR OCTOBER          269                                                                             6140.18

       NOVEMBER        270                                                                             6163.01

     DECEMBER          271                                                                             6185.84

Average CPI for the QuarterOCT  TO DECEMBER  2015 as above =6163.01.

NEW DA   FROM FEB 2016 WILL BE (6163.01-6033.64)/4=32 SLAB i,e 3.2%

Total DA will be 39.80+3.20= 43%

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

On release of CPI data for the month of  DEC 15 we will re-calculate the DA that would become payable for the period FEB 16- APR 16