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 & Sub.
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On 31.07.2019, Government announced Consumer Price Index (CPI) data for the month of June'18. Pensioners DA payable from Aug'19 to Jan'20 is calculated on the basis of CPI announced by the Govt for the months from Jan'19 to Jun'19 . Accordingly, There is an increase of 70 DA Slabs payable for the period of Aug'19 to Jan'20 to bank pensioners. For calculation of your DA, please select your Date of Retirement and calculate your revised DA payable w.e.f Feb'19 and amount of monthly DA increase. |
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The calculators provided hereuner are updated on 31.10.19 on release of CPI for the month of Sep'19 as 7349.94. There is an increase of two points in CPI Index declared for this month. Please note - The pensioner's DA slabs that would become payable for the period from Feb'20 to July'20 will be computed on Bank working employees DA slabs that becomes payable in Nov'19 + the DA would become payable in Feb'20 to them (in other words CPI released / to be releases for the months of July'19 to Dec'19) We are providing calculations of expected DA to be payable from Feb'20 under on 2 assumptions in 2 calculators as mentioned hereunder. However it is too early to assess the CPI data to be released in coming month and predict the actual inflationin data for that month with consideration of day to day fuel price fluctuations and other major prevailing current issues. Pensioners DA payable from Feb'19 to July'20 is calculated on the basis of CPI announced by the Govt for the month of July'19 and CPI assumptions for the remaining months. 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 in next 3 months. In this situation the expected (tentatively) increase in DA Slabs would come to 58 slabs from Feb'20 |
2. On assumptions that there will be an increase of two points in CPI data in coming two months and one point next 1 month in that situation there will be an increase of 67 DA slabs from Feb'20 |
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. 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.