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
| Utilities for Retirees |
|---|
|
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. |
|
The calculators provided hereuner are updated on 30.06.20 on release of CPI for the month of May'20 7532.54. There is an increase of one point in CPI Index declared for this month. Please note - The pensioner's DA slabs that would become payable for the period from Aug'20 to Jan'21 will be computed on Bank working employees DA slabs that becomes payable to bankers in May'20 + the DA would become payable in Aug'20 to them (in other words CPI released / to be releases for the months of Jan'20 to Jun'20) We are providing calculations of expected DA to be payable from Aug'20 under on 2 assumptions in 2 calculators as mentioned hereunder. 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 Aug'20 to Jan'21 is calculated on the basis DA released for bankers in May'20 (i.e. 2 slabs) + computation of expected DA on the basis of CPI realesed for the month of Apr'20 and CPI assumptions for the remaining 2 months as under Following Two Expected DA Calculators are provided on assumptions that 1. On assumptions that there would be an increase of two point in CPI data for the month of June'20, keeping in view of recent increase in fuel prices. In this situation the expected (tentatively) increase in DA Slabs would come to 18 slabs from Aug'20 |
2. On assumptions that there will be an increase of three points in CPI data for the month of June'20, keeping in view of recent increase in fuel prices. In this situation the expected (tentatively) increase in DA Slabs would come to 20 slabs from Aug'203. New Feature - Calculate Expected D.A. on Your Expectation of DA Slabs be released - This feature allows pensioners to enter expected DA slabs as per their own assumption of calculations / expectation of number of DA slabs that would may become payable from Aug'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.