Expected DA Slabs for the month of Aug - Oct 2014 will be based on the monthly announcements of Consumer Price Index for the month of April 2014 to June 2014.
Now on the last day of the month i.e. 30.06.2014, CPI for the month May 2014 announced as 5569.52 earlier CPI for the month of April 2014 as announced is 5523.87 and on assumptions CPI data would remain same as of May 2014 the month of June 2014 in that situation the expected (tentatively) increase in DA Slabs comes to 30 i.e in terms of percentage the increase of DA is 4.5% for the month of Aug - Oct 2014 and total revised DA slabs would be 679 Slabs for above period.
Please note that it is only tentative number of DA slabs assessed by maxutils.com for the quarter Aug - Oct 2014 based on assumptions of CPI as mentioned above.
On release of CPI data for the month of June 2014 we will re-calculate the DA that would become payable for the quarter of Aug - Oct 2014 that would become exactly payable for the period Aug - Oct 2014 on release of CPS data for the month of June 2014.
Please keep on visiting to check any further updates of Dearness Allowance payable to PSU bank employees
Dear visitors we have provided the expected tentatively DA slabs on the release of Consumer Price Index Numbers for Industrial Workers as announcement by Govt. for the month of Jan 2014 & Feb 2014 and also provided DA calculator of expected slabs a very harsh heart. Now the revised Da alculator is uploaded on the website on release of Consumer Price Index Numbers for the month of March 2014.
Average CPI for the Quarter based on above = 5212
Average CPI for the Last Quarter = 5082.33
Labour Department of India releases All-India Average Consumer Price Index Numbers for Industrial Workers every month (Base 2001=100)
Bank employees D.A is calculated on CPI based on year 1960.
The Linking Factor between 1982 and 2001 Series for the All-India is 4.63
& the Linking Factor between 1960 and 1982 Series for the All-India is 4.93
Difference between average CPI over average of previous quarter is called increase.
AND for every increase of 4 points 1 slab at the rate of 0.15% is given as D.A
Average CPI for the Quarter based on above = 5082.33
Average CPI for the Last Quarter = 4976
(Disclaimer : For the month of CPI not announced / updated /due for announcement; previous month/months CPI taken for computing average for the quarterly average of CPI, you may check the official web site/announcement of increase of DA / exact CPI for the concerned period. The users are requested to please do inform in case he/she has noticed any error or updation of the official announcements in the matter for correction/updation. Your feedback shall be highly obliged.)