Today i.e. on 31.01.24 Govt declared CPI for the month of Dec'23 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 accordingly. 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 Oct'23 to Dec'23 (as tabled below) there is no change in existing DA slab and DA slabs payable for the period Feb'24 to Apr'24 remains 693 as per 11th BPS
Expected DA Calculation Updated on 29.02.24 on the basis of CPI for the month of Jan'24 with the assumptions of CPI for the next two months as mentioned hereunder. The CPI for the month of Jan'24 announced today as 138.90 (there is an increase of just 0.10 points from Dec'23)(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.