CPI for the month July 25014 has since been announced as 5752.12. The average CPI for the month of April-June 2014 announced as detailed mentioned below is 5569. On assumptions CPI data if it would remain same for the rest of two months i.e. August & September 2014 as of July 2014; in this case the expected (tentatively) increase in DA Slabs comes to 46 AND in terms of percentage the increase of DA is 6.9% for the month of Nov 2014 - Jan 2015. The total revised DA slabs would be 729 Slabs for above period.
Please note that it is only tentative number of DA slabs assessed by maxutils.com for the quarter Nov 2014 - Jan 2015 based on assumptions of CPI as mentioned above.
The increase in DA slabs for the quarter Nov 2014 - Jan 2015 shall be recalculated on the basis of CPI data that would be announced at the end of month Sep. 2014 and Oct. 2014
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On 30.06.2014 for our valued visitors we have provided expected (tentatively) increase in DA Slabs of 30 slabs for the month of Aug - Oct 2014 based on the monthly announcements of Consumer Price Index for the month of April 2014 and May 2014 further on assumptions of CPI data that would remain same for the month of June 2014 as of May 2014.
Now on release of CPI data for the month of June 2014 the Dearness allowance payable for the period of Aug. to Oct 2014 is 683 slabs i.e. 102.45% with an increase of 33 slabs (4.95%). This is computed on basis of monthly CPI data declared by the Govt. for the period April 2014 - June 2014 as detailed given below :-
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.)