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BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Sunday, May 1, 2016

Dearness Allowance decrease of .70% for Bankers from May 2016 to July 2016

Now CPI for all the three months has been announced for relevant months and the same is as follows:-


MonthCPI
January 20166140.17
February 20166094.52
  March 20166117.34


Based on the above calculations the  revised  DA is to be @ 41.90%, for the months of  May, 2016 to July 2016.   [The DA for February 2016 to April 2016 was  42.60%] i.e. decrease  of  0.70%. (decrease of slabs)  We give below the DA for May 2016 onwards vis a vis existing DA, alongwith  the decrease in DA at various levels of scales [Remember now DA is payable on Special Allowance also as basic in the xth BPS was increased by only 2% ]:-

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Bank Unions Oppose PLI Scheme for Senior Bank Executives

AIBOC and AIBEA have written a letter to the DFS Secretary requesting him to review the recently introduced PLI Scheme for Senior Bank Execu...

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