DA from Nov Dec Jan 2017 is 51.60% for Bank Employee

DA for Bank Employees from Nov 2017, Dec 2017 and Jan 2018.

Da for Bank Employees from Nov 2017 - In terms of clause 7 of the IOU' Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, Da for Bank Employees from Nov 2017 , Dec 2017 & January 2018 shall be 51.60 % of 'pay'.

Government announced Consumer Price Index (CPI) data for the month of Sep'17. On the basis of CPI data announced by the Govt for the month of Jul'17 to Sep'17, as tabled below, there is an increase of 38 DA Slabs payable for the period of November 2017 to January 2018.

On the basis of CPI data announced by the Government for the month of August 2017, September 2017 and October 2017, the Da for Bank Employees from Nov 2017, December 2017 and January 2018 is to be 51.60%.

1. CPI for July 2017 was announced on 31st August 2017 and it was 6505.38.
2. CPI for August 2017 was announced on 30th September 2017  and it was 6505.38.
3. CPI for September 2017 was announced on 31st October 2017  and it was 6505.38.

Calculation of DA :- 

1. July 2017 - 6505.38
2. August 2017 - 6505.38
3. September 2017 - 6505.38

Da for Bank Employees from Nov 2017 increased by 38 Slabs

• Average CPI is (6505.38+6505.38+6505.38) / 3 = 19516.14/3 = 6505.38
• Deduct 4440 slabs from average CPI (6505.38 - 4440) = 2065.38
• Divide 1913.20 by 4 to convert to quarterly DA slabs (2065.38/4) = 516.34 or 516.
• DA Slab for next Quarter will be 516.
• Multiple 516 with 0.10%, is payable as DA = 516 x 0.10% = 51.6%
• So DA Payable for for November 2017, December 2017 and January 2018 will be 51.60%.
• Slabs for Nov 2017 - Jan 2018 = 516.
• Number of slabs for the Previous Quarter (Aug - Sep 2017) = 478 slabs
• Increase in the slabs for the current quarter = (516 - 478) or (51.60% - 47.8) = 38 slabs or 3.80%.
• So, Da for Bank Employees from Nov 2017 is increased by 38 slabs for the month of November 2017, December 2017 and January 2018.

DA CHART FOR BANK OFFICER STAFF FROM NOVEMBER 2017

Bank DA has increased by 3.80% for the period November 2017 to January 2018. Following is DA Chart for Officer Employees:

				Actual DA Aug-Oct 17	Actual DA Nov-Jan 18	Increase in DA from Nov 17
S No.	Scale	Basic	Spl Allowance	47.80%	51.60%	3.80%
1	I	23700	1837	12,206.69	13,177.09	970.41
2	I	24680	1913	12,711.45	13,721.99	1,010.53
3	I	25660	1989	13,216.22	14,266.88	1,050.66
4	I	26640	2065	13,720.99	14,811.78	1,090.79
5	I	27620	2141	14,225.76	15,356.68	1,130.92
6	I	28600	2217	14,730.53	15,901.57	1,171.05
7	I	29580	2292	15,234.82	16,445.95	1,211.14
8	I	30560	2368	15,739.58	16,990.85	1,251.26
9	I & II	31705	2457	16,329.44	17,627.59	1,298.16
10	I & II	32850	2546	16,919.29	18,264.34	1,345.05
11	I & II	34160	2647	17,593.75	18,992.41	1,398.67
12	I & II	35470	2749	18,268.68	19,721.00	1,452.32
13	I & II	36780	2850	18,943.14	20,449.08	1,505.94
14	I & II	38090	2952	19,618.08	21,177.67	1,559.60
15	I & II	39400	3054	20,293.01	21,906.26	1,613.25
16	I & II	40710	3155	20,967.47	22,634.34	1,666.87
17	I & II & III	42020	3257	21,642.41	23,362.93	1,720.53
18	I & II & III	43330	3358	22,316.86	24,091.01	1,774.14
19	I & II & III	44640	3460	22,991.80	24,819.60	1,827.80
20	I & II & III	45950	3561	23,666.26	25,547.68	1,881.42
21	I & II & III	47260	3663	24,341.19	26,276.27	1,935.07
22	I & II & III	48570	3764	25,015.65	27,004.34	1,988.69
23	I & II & III	50030	3877	25,767.55	27,816.01	2,048.47
24	I & II & III	51490	3990	26,519.44	28,627.68	2,108.24
25	II & III	52950	4104	27,271.81	29,439.86	2,168.05
26	II & III	54410	4217	28,023.71	30,251.53	2,227.83
27	II & III	55870	4330	28,775.60	31,063.20	2,287.60
28	II & III	57330	4443	29,527.49	31,874.87	2,347.37
29	III	58790	4556	30,279.39	32,686.54	2,407.15
30	IV	50030	5003	26,305.77	28,397.03	2,091.25
31	IV	51490	5149	27,073.44	29,225.72	2,152.28
32	IV	52950	5295	27,841.11	30,054.42	2,213.31
33	IV	54410	5441	28,608.78	30,883.12	2,274.34
34	IV	55870	5587	29,376.45	31,711.81	2,335.37
35	IV	57330	5733	30,144.11	32,540.51	2,396.39
36	IV	57520	5752	30,244.02	32,648.35	2,404.34
37	IV	58790	5879	30,911.78	33,369.20	2,457.42
38	IV	59170	5917	31,111.59	33,584.89	2,473.31
39	IV	60820	6082	31,979.16	34,521.43	2,542.28
40	V	59170	5917	31,111.59	33,584.89	2,473.31
41	V	60820	6082	31,979.16	34,521.43	2,542.28
42	V	62470	6247	32,846.73	35,457.97	2,611.25
43	V	64270	6427	33,793.17	36,479.65	2,686.49
44	V	66070	6607	34,739.61	37,501.33	2,761.73
45	VI	68680	7555	36,440.33	39,337.26	2,896.93
46	VI	70640	7770	37,479.98	40,459.56	2,979.58
47	VI	72600	7986	38,520.11	41,582.38	3,062.27
48	VI	74560	8202	39,560.24	42,705.19	3,144.96
49	VI	76520	8417	40,599.89	43,827.49	3,227.61
50	VII	76520	8417	40,599.89	43,827.49	3,227.61
51	VII	78640	8650	41,724.62	45,041.64	3,317.02
52	VII	80760	8884	42,849.83	46,256.30	3,406.47
53	VII	82880	9117	43,974.57	47,470.45	3,495.89
54	VII	85000	9350	45,099.30	48,684.60	3,585.30

DA CHART FOR BANK WORKMEN STAFF FROM NOVEMBER 2017

Bank DA has increased by 3.80% for the period November 2017 to January 2018. Following is DA Chart for Workmen Staff:

				Actual DA Aug-Oct 17	Actual DA Nov-Jan 18	Increase in DA from Nov 17
S No.	Scale	Basic	Spl Allowance	47.80%	51.60%	3.80%
1	Clerk	11765	912	6,059.61	6,541.33	481.73
2	Clerk	12420	963	6,397.07	6,905.63	508.55
3	Clerk	13075	1013	6,734.06	7,269.41	535.34
4	Clerk	13730	1064	7,071.53	7,633.70	562.17
5	Clerk	14545	1127	7,491.22	8,086.75	595.54
6	Clerk	15360	1190	7,910.90	8,539.80	628.90
7	Clerk	16175	1254	8,331.06	8,993.36	662.30
8	Clerk	17155	1330	8,835.83	9,538.26	702.43
9	Clerk	18135	1405	9,340.12	10,082.64	742.52
10	Clerk	19115	1481	9,844.89	10,627.54	782.65
11	Clerk	20095	1557	10,349.66	11,172.43	822.78
12	Clerk	21240	1646	10,939.51	11,809.18	869.67
13	Clerk	22385	1735	11,529.36	12,445.92	916.56
14	Clerk	23530	1824	12,119.21	13,082.66	963.45
15	Clerk	24675	1912	12,708.59	13,718.89	1,010.31
16	Clerk	25820	2001	13,298.44	14,355.64	1,057.20
17	Clerk	26965	2090	13,888.29	14,992.38	1,104.09
18	Clerk	28110	2179	14,478.14	15,629.12	1,150.98
19	Clerk	30230	2343	15,569.89	16,807.67	1,237.77
20	Clerk	31540	2444	16,244.35	17,535.74	1,291.39
21	Clerk	32850	2546	16,919.29	18,264.34	1,345.05
22	Clerk	34160	2647	17,593.75	18,992.41	1,398.67
23	Clerk	35470	2749	18,268.68	19,721.00	1,452.32
24	Clerk	36780	2850	18,943.14	20,449.08	1,505.94
25	Clerk	38090	2952	19,618.08	21,177.67	1,559.60
26	Clerk	39400	3054	20,293.01	21,906.26	1,613.25
27	Clerk	40710	3155	20,967.47	22,634.34	1,666.87
28	Clerk	42020	3257	21,642.41	23,362.93	1,720.53
1	Sub-Staff	9565	741	4,926.27	5,317.90	391.63
2	Sub-Staff	9890	766	5,093.57	5,498.50	404.93
3	Sub-Staff	10215	792	5,261.35	5,679.61	418.27
4	Sub-Staff	10540	817	5,428.65	5,860.21	431.57
5	Sub-Staff	10865	842	5,595.95	6,040.81	444.87
6	Sub-Staff	11275	874	5,807.22	6,268.88	461.66
7	Sub-Staff	11685	906	6,018.50	6,496.96	478.46
8	Sub-Staff	12095	937	6,229.30	6,724.51	495.22
9	Sub-Staff	12505	969	6,440.57	6,952.58	512.01
10	Sub-Staff	12915	1001	6,651.85	7,180.66	528.81
11	Sub-Staff	13405	1039	6,904.23	7,453.10	548.87
12	Sub-Staff	13895	1077	7,156.62	7,725.55	568.94
13	Sub-Staff	14385	1115	7,409.00	7,998.00	589.00
14	Sub-Staff	14875	1153	7,661.38	8,270.45	609.06
15	Sub-Staff	15445	1197	7,954.88	8,587.27	632.40
16	Sub-Staff	16015	1241	8,248.37	8,904.10	655.73
17	Sub-Staff	16585	1285	8,541.86	9,220.92	679.06
18	Sub-Staff	17240	1336	8,879.33	9,585.22	705.89
19	Sub-Staff	17895	1387	9,216.80	9,949.51	732.72
20	Sub-Staff	18550	1438	9,554.26	10,313.81	759.54
21	Sub-Staff	19205	1488	9,891.25	10,677.59	786.33
22	Sub-Staff	19860	1539	10,228.72	11,041.88	813.16
23	Sub-Staff	20515	1590	10,566.19	11,406.18	839.99
24	Sub-Staff	21170	1641	10,903.66	11,770.48	866.82
25	Sub-Staff	21825	1691	11,240.65	12,134.26	893.61
26	Sub-Staff	22480	1742	11,578.12	12,498.55	920.44
27	Sub-Staff	23135	1793	11,915.58	12,862.85	947.26
28	Sub-Staff	23790	1844	12,253.05	13,227.14	974.09