Now today i.e. on 31.12.2014, CPI for the month of Nov 2014 announced as 5774.95 (as assumed earlier) and further on assumptions that CPI data would remain same for month of Dec. 2014; as of Nov. 2014 in that situation the expected (tentatively) increase is of 2 DA Slabs and in terms of percentage the increase in DA is 0.3% for the month of Oct 2014 to Dec 2014 and total revised DA slabs may would be 734 Slabs i.e. 110.10%.
Please note that it is only tentative number of DA slabs assessed by maxutils.com for the quarter Feb - Apr 2015 based on assumptions of CPI as mentioned above. However, the decline in rate of inflation as per the data released for the last couple of months indicates that the CPI data for the month of Nov. 2014 & Dec. 2014 may decline which may effects the Dearness allowance payable for the period of Feb - Apr 2015.
Whereas in reality the service class observes that their monthly budgeted expenses are not quite effected with the rate of inflation as released, they have observed that there is only Petrol & Diesel prices have came down but the transportation cost of daily commuting by use of public transport (Bus fare / Metro Train fare) or Rickshaw and Auto charges have not came down.
On release of CPI data for the month of Dec. 2014 (at the end of January 2015) we will re-calculate the DA Slabs that would become payable for the month of Feb - Apr 2015.
For our valued visitors on 30.09.2104, on release of CPI data for the month August 2014 we have calculated that there is expected (tentatively) an increase of 49 DA Slabs comes for the month of Nov 2014 - Jan 2015 on assumptions of CPI data if it would remain same for the months of September 2014 as of August 2014.
Now the official release of CPI by the Govt. for the month of Sep. 2014 is as 5774.95 and the detailed computation of DA slabs is shown below.
Accordingly, revised Dearness Allowance (DA) for the month of Nov. 2014 to Jan. 2015 is an increase of 49 slabs i.e. 7.35% and total DA slabs 732 i.e. 109.80% are payable w.e.f. Nov. 2014. For our valued visitors we are providing the updared DA calculator as per revised DA slabs w.e.f Nov. 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.)