Grandfathering Price
Home >> Bankers >> You are Here
Most Commonly Pages Visited By Bankers

Bank Employee / Officer DA (Dearness) Payable (w.e.f. May'20) updated on 30.04.20
and Expected DA Calculator (payable from Aug'20) Updated on 29.05.20

When Bank Employee's DA revised in Salary?
Bank Employee gets Salary at revised DA in the month of February, May, August and November

(1) Bank Employee / Officer DA Calculator - May'20 to Jul'20

On 30.04.2020, Consumer Price Index (CPI) data for the month of Mar'20 announced and there is decrease of two points in CPI Index declared for this month. On the basis of CPI data announced by the Govt for the months Jan'20 to Mar'20 (as tabled below) the percentage of increase in DA is 0.20% (2 slabs) and total revised DA slabs is 761 and total percentage of DA payable is 76.10% for the period May 20 to Jul 20

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.

DA Slabs Payable - May'20 to Jul'20 - 761 Slabs
Enter Basic Pay
Enter PQP
Enter Spl. Allowance* %
*7.75% For Workmen & Officer Scale 1 to III. Scale IV-V change to 10 & Scale VI-VII as 11
Enter Spl.Pay*
Like SWO-B:820; HC:1280; Spl.Asst:1930; A.Guard:390; Daftary:560
Your DA (Excluding DA on Spl. Allowance)
Spl. Allowance
DA on Spl. Allowance
Spl. Allowance with DA
Net DA increase

CPI for the Quarter

Jan 20207532.55
Feb 2020 7486.89
Mar 2020 7441.24
Average CPI
For the Quarter Jan - Mar 2020 as above = 7486.89
For the Last Quarter Oct - Dec 2019 as above = 7479.29

On the basis of CPI announced for the months of Jan'20 & Mar'20, 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.

(2) Bank Employee / Officer Expected DA Calculator - Payable w.e.f - Aug'20 to Oct'20

Expected DA Calculation Updated on 30.05.2020 on the basis of CPI for the months of Apr'20 & CPI for May'20 announced on 29.05.20 as 7509.72 (increase of threee point) with the assumptions of CPI for the month of May'20 & Jun'20 as under:-

  1. On assumptions if there is an increase of one point of CPI in the month of Apr'20 & May'20. In this situation the expected (tentatively) increase in DA Slabs would be 12 slabs and the total tentatively revised DA slabs would be 773 i.e. 77.30%.
  2. On assumptions if there is increase of two points in CPI in the month of Apr'20 & May'20. In this situation the expected (tentatively) increase in DA Slabs would come to 18 slabs and the total tentatively revised DA slabs would be 779 i.e. 77.90%.
  3. On assumptions if there is no change in CPI in next two months and remains same as of Apr'20 in this situation the expected (tentatively) increase in DA Slabs would come to 6 slabs and the total tentatively revised DA slabs would be 767 i.e. 76.70%.
  4. New Feature - Calculate Expected DA on your own Expected DA Slabs - Enter DA slabs as you expected to be increased and would become payable from Aug'20. The calculated result will display your expected DA and change in net amount of DA payable on the DA slabs you have entered. Here the calculation will be based on total of DA slabs = 761 + the number of DA slabs you have entered.

and in case there if CPI index declines by two points in that situation the tentative increase will be of 3 slabs. However the expected DA calculator is updated with 611 slabs in third assumption.)

The Expected DA Calculator is updated on the basis of above assumptions. This website do not claim that its calculation of expected DA slabs would may become payable as full and final.

On release of CPI data for the month of Feb'20 on 31.03.20 we will re-calculate the tentative number of DA slabs that may would become payable for the period May'20 to Jul'20.

  • To be more conservative not going on higher side at this moment if we assume that there would be an increase of one point in CPI for the month of Feb'19 and no change in Mar'19. In this situation the expected (tentatively) increase in DA Slabs would come to 33 slabs. Accordingly, the total tentatively revised DA slabs would may be 644 i.e. 64.40%.
  • Expected Da calculator will be made available on 30.05.20 on release of CPI index for the month of April 2020

    Modified : April 30, 2020
    
    Try Free Books that Speak to You
    HomeContactPrivacy