When Bank Retirees / Pensioner's DA is revised in Pension?
Retiree after Nov'17 - Calculate 11thBPS Expected Salary/Arrear from Nov'17 of Scale - I, II, III, IV, V, VI, VII, Non-Sub
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On 31.07.2020, Government announced Consumer Price Index (CPI) data for the month of Jun'20 and ther is 2 point increase in CPI from May'20. Pensioners DA payable from Aug'20 to Jan'20 is calculated on the basis of CPI announced by the Govt for the months from Jan'20 to Jun'20 . Accordingly, there is an increase of 16 DA Slabs payable for the period of Aug'20 to Jan'21 to bank pensioners. For calculation of your DA, please select your Date of Retirement and calculate your revised DA payable w.e.f Aug'20 and amount of monthly DA increase. |
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The calculators provided hereuner are updated on 31.12.20 on release of CPI for the month of Nov'20 7947.79. There is an increase of ONLY 0.50 points in CPI Index declared for this month. Please note - The pensioner's DA slabs that would become payable for the period from Feb'21 to Jul'21 will be computed on the DA that becomes payable to working bank employees in Nov'20 + the DA would become payable in Feb'21 to them (in other words CPI released / to be releases for the months of Jul'20 to Dec'20) We are providing calculations of expected DA to be payable from Feb'21 hereunder on 2 assumptions in 2 calculators as mentioned belows. However it is too early in present situation to assess the CPI data to be released in coming month and predict the actual inflationin data for coming months with the consideration of day to day fuel price fluctuations and other major prevailing current coronavirus issue. Pensioners expected DA payable from Feb'21 to Jul'21 is calculated here on the basis DA released for bankers in Nov'20 (i.e. 44 slabs) + computation of expected DA on the basis of CPI released for the months of Oct'20 and Nov'20 with CPI assumptions for Dec'20 Following Two Expected DA Calculators are provided on assumptions that 1. On assumptions that there would be an increase of one point in CPI data for the month of Dec'20 (keeping in view of on going regular increase in fuel prices and other commonly required items of daily uses). In this situation the expected (tentatively) increase in DA Slabs would come to 89 slabs from Feb'21 |
2. Keeping in view of as above on assumptions that there will be an increase of 0.50 point in CPI data for for the month of Dec'20. In this situation the expected (tentatively) increase in DA Slabs would come to 86 slabs from Feb'21
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2. Keeping in view the recent fuel price cut in Nov'18 and Dec'18 in comparision to Oct'18, we are forced to assume that if there may be an decrease of one points in CPI for the month of Dec'18. (however on going to market we still observs that there is no reduction came in the prices of the our daily use necessary items.), in that situation there will be an increase of 70 slabs payable from Feb'19 (in case there if CPI index declines by two points in that situation the tentative increase will be of 69 slabs. However the expected DA calculator is updated with 70 slabs in third assumption.)
We calculates expected DA at the end all coming months on release of CPI data and on assumptions of CPI data for the remaining months.
However we agree that it is too early to say the tentative figures of CPI Index for the remaining months but keeping in view of the recent rise in price of fuel and other items, we assume that at least there would be an increase of two points in CPI data for the May-18.
Disclaimer : This website do not claim its calculation of payable DA / expected DA slabs that would may become payable is full and final. As we do calculations on the basis of available CPI data for DA payable(may vary of one slabs on official announcement of IBA due to rounding of fraction of points). The expected DA is computed on some assumptions of CPI for coming months on the present circustances taht may change at any time. The users are requested to please do inform in case he/she has noticed any error or updation of the official announcements of CPI index, for the correction & updation at this website. We shall welcome your feedback in the matter.