PROBABLE DA FOR BANK FROM AUGUST 2016 WILL BE 45.5%

NEW DA FROM AUGUST 2016 WILL BE 45.5% for bank employee

NEW DA FROM AUGUST  2016 WILL BE 45.5% for bank employee

Now,30.06.2016, CPI for the month MAY '15 announced as 6277.12. On assumptions that CPI data would slightly increase   for the next ONE  months also  i.e. for  jUNE 2016 1 in that situation the expected (tentatively) increase in DA Slabs comes to 35 slabs for the month of AUG'16 - OCT '16, the expected DA payable in terms of percentage is as under :-

CPI for the Quarter

APRIL 2016       6185.82 MAY 2016            6277.12 JUNE 2016           6307.12

Average CPI for the Quarter April -June 2015 as above = 6256.56

FOR

Jan 2016	6140.00
Feb 2016	6094.00
Mar 2016	6117.00

Average CPI for the Quarter Jan - Mar 2016 as above = 6117

NEW DA   FROM AUG 2016 WILL BE (6256.56-6117)/4=35

Total DA will be 42+3.5=45.5%

Please note that it is only tentative number of DA slabs assessed by everything banking news group for the quarter AUG 16 -OCT16 based on assumptions of CPI as mentioned above.

On release of CPI data for the month of  JUNE 16 we will re-calculate the DA that would become payable for the period AUG16-OCT 16