DA FROM FEB 2016 WILL BE 43% for bank employee

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

Now, 31.12.2015 CPI for the month NOV '15 announced as6162.99. On assumptions that CPI data would slightly increase   for the next   months also  i.e. for    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                                                                             6162.99

     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