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Thursday, April 30, 2020

DA INCREASE FROM MAY 2020 is 2 SLAB i.e 0.20% FOR BANK EMPLOYEE

On 30.04.2020, Consumer Price Index (CPI) data for the month of Mar'20 announced and there is decrease of two points in CPI Index declared for this month. On the basis of CPI data announced by the Govt for the months Jan'20 to Mar'20 (as tabled below) the percentage of increase in DA is 0.20% (2 slabs) and total revised DA slabs is 761 and total percentage of DA payable is 76.10% for the period May 20 to Jul 20


Jan 20207532.55
Feb 20207486.89
Mar 20207441.24
Average CPI
For the Quarter Jan - Mar 2020 as above = 7486.89
For the Last Quarter Oct - Dec 2019 as above = 7479.29


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