DA for Bank Employees from August 2014 estimated at 102.45 %

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

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)

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