Today i.e. on 30.04.24 Govt declared CPI for the month of Mar'24 as 138.80 which is decreased from 139.1 points from the previous month i.e. Nov'23. Decrease in CPI data, as declared by the Govt, shows from their records the inflation has cooled down significantly in Sep'23 from the last month.. Bankers DA calculator is updated hereunder on the basis of CPI for the month of Jan'24 to Mar'24. Earlier the Govt vide their notification dated 22.10.20 (click to view the letter) has changed the Consumer Price base year from 2001=100 to 2016=100 for Industrial Workers.
On the basis of CPI data announced by the Govt for the months of Jan'24 to Mar'24 (as tabled below) DA payable for the period May'24 to Jul'24 is 15.97% as per 12th BPS
Expected DA Calculation Updated on 11.07.24 on the basis of CPI for the month of Apr'24 and May'24 with the assumptions of CPI for the month of Jun'24 as mentioned hereunder as per the DA calculation norms of 12th BPS on revised basic pay. The CPI for the month of May'24 which was due to be released on 29.06.24 announced on 10.07.24 as 139.90 (there is an increase of just 0.50 points from Apr'24)(as per revised base year 2016) (The base year was changed from Oct 2020)
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This website do not claim its calculation of DA slabs would may become payable as full and final as IBA circular of DA release is awaited and this calculator shall be updated accordingly
Oct 2023 | 9098.22 |
Nov 2023 | 9144.23 |
Dec 2023 | 9124.51 |
Average CPI | |
For the Quarter Jul-Sep 2023 as above = 9122.32 | |
For the Last Quarter Jul-Sep 2023 = 9124.51 |
On the basis of CPI announced for the months of Jan - Mar 2021, we have provided Bank Employee / Officer DA calculations. This website do not claim that its calculation of expected DA slabs would may become payable as full and final.