DA for Bank Employees from August 2014 estimated at 102.45 % – Increase of 4.95% in Bank Employees DA

On release of All Consumer Price Index for the month of June 2014 by Government, DA for Bank Employees from August 2014 can be estimated now.

Conversion from All India Consumer Price Index (2001=100) to CPI (1960=100) which is used for Calculation of DA for Bank Employees

Month	CPI 2001=100	Conversion Factor	CPI 1960=100
April 2014	242	242X4.93X4.63	5523
May, 2014	244	244X4.93X4.63	5569
June, 2014	246	246X4.93X4.63	5615
Average CPI	244		5569

After deducting the Index that got merged while computing Pay as per 9th Bipartite Settlement (2836), Increase in slab is now estimated to be 683 slabs. The net increase in DA slab for this quarter ending June 2014 will be 33 Slabs, when comparing to Slab for previous Quarter which was 650

Average CPI for Quarter from April 2014 to June 2014 = 5569

Less Consumer Price Index that was merged in the previous Bipartite Settlement = 2836

Average CPI to be taken for estimating DA for Bank Employees with effect from 1st August 2014 = 2733

Conversion in to Slabs – Divide Average CPI by 4 and round @* = 683

@* ( For every 4 points increase in CPI 0.15% increase is given as D.A. So, we divide average CPI by 4 to get 1 slab for estimating DA increase)

Less Slab used for DA for May, June, July Quarter = 650

Net increase in Slab = 33 slabs

Now multiply 0.15 with increase in slab. Therefore Net increase increase in Bank Employees DA = 33 X 0.15 = 4.95 % of Pay as DA

DA for Bank Employees payable from 1st August 2014 = 683 X 0.15 = 102.45 % of Pay as DA

 

Historical calculation of DA for Bank Employees on the basis of All India Consumer Price Index (CPI)

Year	Payable for the months	Average CPI	No. of slabs	% of pay
2014	Aug Sep Oct	5569.52	684	102.45
2014	May June Jul	5432	650	97.50
2014	Feb Mar Apr	5501	666	99.90
2013-14	Nov Dec Jan	5402	641	96.15
2013	Aug Sep Oct	5212	593	88.95
2013	May June July	5082.3	561	84.15
2013	Feb Mar Apr	4976	535	80.25
2012-13	Nov Dec Jan	4877	510	76.50
2012	Aug Sept Oct	4710	468	70.20
2012	May June July	4550	428	64.20
2012	Feb Mar Apr	4520	420	63.00
2011-12	Nov Dec Jan	4443	401	60.15
2011	Aug Sept Oct	4276	360	54
2011	May June July	4245	352	52.8
2011	Feb Mar Apr	4169	333	49.95
2010-11	Nov Dec Jan	4070	308	46.2
2010	Aug Sept Oct	3926	272	40.8
2010	May Jun Jul	3895.62	401	72.18
2010	Feb Mar Apr	3819	382	68.76
2009-10	Nov Dec Jan	3690	350	63
2009	Aug Sep Oct	3454	291	52.38
2009	May June July	3378	272	48.96
2009	Feb Mar April	3370	270	48.6
2008-09	Nov Dec Jan	3302	253	45.54
2008	Aug Sep Oct	3172	221	39.78
2008	May/Jun/July	3089	200	36
2007-08	Feb/Mar/April	3056	192	34.56
2007-08	Nov/Dec/Jan	3028	185	33.3
2007	Aug/Sep/Oct	2944	164	29.52
2006-07	May/Jun/Jul	2907.06	154	27.72
2006-07	Feb/Mar/Apr	2898.84	152	27.36
2006-07	Nov/Dec/Jan	2836	137	24.66
2006	Aug/Sep/Oct	2768	120	21.6
2006	May/Jun/Jul	2716.28	107	19.26
2002	Feb/Mar/Apr	2312.17	157	0
2002	May/Jun/Jul	2307.23	155	0
2002	Aug/Sep/Oct	2346.67	161	0
2002-2003	Nov/Dec/Jan	2391.05	174	0
2003	Feb/Mar/Apr	2386.11	178	0
2003	May/Jun/Jul	2400.9	177	0
2003	Aug/Sep/Oct	2450.21	188	0
2003-2004	Nov/Dec/Jan	2460.07	194	0
2004	Feb/Mar/Apr	2474.86	198	0
2004	May/Jun/Jul	2484.71	200	0
2004	Aug/Sep/Oct	2524.15	205	0
2004-2005	Nov/Dec/Jan	2578.38	220	0
2005	Feb/Mar/Apr	2568.53	224	0
2005	May/Jun/Jul	2588.25	226	0
2005	Aug/Sep/Oct	2604	79	14.22
2005-2006	Nov/Dec/Jan	2672.05	93	16.73
2006	Feb/Mar/Apr	2711.5	106	19.08

Also read following articles relating to DA for Central Government Empoyees with effect from 1st July 2014

• DA from July 2014 – Orders issued for Central Government Employees
• DA from July 2014 for Central Government Employees and Pensioners will be 107%
• AICPI-IW for June 2014 released
• DA from July 2014 estimated to be 107% – AICPIN for May 2014 released
• AICPI (IW) for March 2014 released – Expected DA from July 2014