Bank D.A. set to increase by 23 slabs only from Nov'16 to Jan'17 due to AICPIN decreased for Sep'16

 The All-India CPI-IW for September, 2016 decreased by 1 point and stood at 277 
BANK STAFF DA GOES UP FOR  NEXT QUARTER(NOV’16 TO JAN’17) WITH 23 SLABS  
              All India Consumer Price Index Numbers (AICPIN)for Industrial Workers (Base 2100=100)for the month of September’16,stood at  277    points with a decrease  of  1  point,compared to August’16 figure,as per data published to day by Labour Bureau,Ministry of Labour and Employment.
               Thus the confirmed average index number for the quarter is as follows:

                                   Base 2001=100         Base 1960=100
                                  ____________                        ____________

JULY’16.                         280                            6391.25
AUG’16.                           278                           6345.60
SEPT’16                           277                           6322.77
Average Index : 6353
Increase in slabs 23 (478- old 455)
             As such DA payable to Bank Staff for next quarter (Nov-Jan’17)may have 23 slabs increase from existing  45.50% to 47.80%