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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

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

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