37 slab i.e 2.66% Increase in DA for Bank Employees from February 2022

AICPIN – IW for December 2021 has been released by Labour ministry on 31.01.2022. After declaration of AICPIN-IW for October, November, December 2021, the DA hike for Bank employees from 1st February 2022 are known to us for 11th 

The latest CPI (IW) with the base year 2016 for October 2021, November 2021 & December 2021 is 124.90, 125.70 & 125.40 respectively. The expected DA based on CPI(IW) numbers is 32.97% from Feb 2022. The existing DA rate for the period of November 2021 to January 2022 is 30.38%. Hence there shall be an increase of 2.59% in dearness allowance of bankers for the period from February 2022 to April 2022 i.e. an increase of 37 DA slabs over the existing 434 DA slabs for the period of November 2021 to January 2022.