Expected DA for Bank Employees from November 2022
The Dearness Allowance (DA) for bankers for the period from November 2022 shall be based on CPI(IW) numbers from July 2022 to September 2022. The latest CPI(IW) data with the base year 2016 is as under.
Month | AICPIN/CPI(IW) |
July 2022 | 129.90 |
August 2022 | 130.20 |
September 2022 | To be declared on 31.10.20 |
If CPI (IW) remains at the same level during September 2022 as in August 2022, the DA to bank employees shall be payable for 550 DA slabs as against the existing 526 DA slabs i.e. an increase of 24 DA slabs.
Based on the above, the Expected DA for bank employees from November 2022 is 38.50%. The existing DA rate for the period of August 2022 to October 2022 is 36.82% Hence there shall be an increase of 1.68% in dearness allowance for the period from November 2022 to January 2023.
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