DA UPDATES 
*Cpi for July 2023 is now released & increased by 3.30 points from 136.40 to 139.70. So if we assume that the CPI remains same for the next two months than the DA from 01.11.2023 will be increased to 49.49% from present 44.24% ( An increase of 5.25%).
If in coming both month cpi will increase by 1 point i.e 139.70 to 140.70 and 141.70 the DA will increase 6.44%
Bank DA Calculation and Formula:
DA is revised for bankers for every quarter as mentioned below
1. February, March, April
2. May, June, July
3. August, September, October
4. November, December, January
Based on All India Consumer Price Index Numbers for Industrial Workers, the DA for Bank Employees calculated for each quarter.
Three months AICPIN previous to one month from the starting month of the quarter for revising DA are considered for calculating Bank DA
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