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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*********

Wednesday, February 1, 2017

DA FOR BANK EMPLOYEES FROM FEBRUARY 2017 TO APRIL 2017 0.9% decrease

Today i.e. on 31.01.2017, Government announced Consumer Price Index (CPI) data for the month of Dec'16. On the basis of CPI data announced by the Govt for the month of Oct'16 to Dec'16, as tabled below, there is an decrease of 9 DA Slabs payable for the period of Feb'17 to Apr'17. In view of present scenario and fuel price rise during the month of Nov'16 / Dec'16 the decrease in DA slabs is quite surprising to all of us.
The total number of DA slabs and in terms of percentage the Dearness Allowance (DA) payable is as under :-
DA Payable on Revised Pay:- - The percentage of decrease in DA is 0.90% for the month of Feb'17 to Apr'17 and total revised DA slabs is 469 Slabs and total percentage of DA payable on Revised Pay is 46.90%


The following table gives a clear picture about the calculation of DA

CPI IWIndex as per 1960 Series
CPI Month October 20162786345.60
CPI Month November 20162776322.77
CPI Month December 20162756277.12
Average6315.17
Rounded To6316

For the Last Quarter (Jul - Sep 2016) =
6353



Difference-37.00
Increase In No of Slabs-9.25
Rounded Off to-9

chart for Bank Officers with the new DA From FEB 2017

OFFICERS SCALE I,II AND III
Stage NoBasic PayExisting DANEW  DAIncrease
12370012206.5711976.74-229.83
22468012711.3112471.98-239.33
32566013216.0512967.22-248.84
42664013720.8013462.46-258.34
52762014225.5413957.70-267.84
62860014730.2914452.94-277.35
72958015235.0314948.18-286.85
83056015739.7815443.42-296.36
93170516329.5016022.04-307.46
103285016919.2316600.67-318.56
113416017593.9417262.67-331.27
123547018268.6517924.68-343.97
133678018943.3618586.68-356.67
143809019618.0619248.69-369.38
153940020292.7719910.69-382.08
164071020967.4820572.70-394.79
174202021642.1921234.70-407.49
184333022316.9021896.71-420.19
194464022991.6122558.71-432.90
204595023666.3223220.72-445.60
214726024341.0323882.72-458.30
224857025015.7424544.73-471.01
235003025767.7025282.54-485.17
245149026519.6726020.34-499.32
255295027271.6326758.15-513.48
265441028023.6027495.96-527.64
275587028775.5628233.76-541.80
285733029527.5328971.57-555.96
295879030279.5029709.38-570.12

chart for clerks with the new DA From FEB 2017:

Basic PayExisting DANew DAIncrease
117656059.505945.41-114.09
124206396.866276.42-120.44
130756734.216607.42-126.79
137307071.576938.42-133.15
145457491.337350.28-141.05
153607911.097762.14-148.95
161758330.858174.00-156.86
171558835.608669.24-166.36
181359340.349164.48-175.86
191159845.099659.72-185.37
2009510349.8310154.96-194.87
2124010939.5610733.58-205.97
2238511529.2811312.20-217.08
2353012119.0111890.83-228.18
2467512708.7412469.45-239.29
2582013298.4613048.07-250.39
2696513888.1913626.70-261.49
2811014477.9114205.32-272.60
3023015569.8115276.65-293.16
3154016244.5215938.66-305.86
3285016919.2316600.67-318.56
3416017593.9417262.67-331.27
3547018268.6517924.68-343.97
3678018943.3618586.68-356.67
3809019618.0619248.69-369.38
3940020292.7719910.69-382.08
4071020967.4820572.70-394.79
4202021642.1921234.70-407.49

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