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Friday, August 1, 2014

Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014

Bank D.A. to increase 33 slabs, Pensioners to get 17 slabs more from August 2014

33 SLABS INCREASE IN  DA FOR BANK WORKMEN/OFFICERS   FOR AUGUST SEPT AND OCT’14 QUARTER

           Labour Bureau, Ministry of Labour and Employment, Govt. of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of June’14,today which stood at 246 points  with an increase of 2 points while compared to May figure.

           Thus the confirmed All India average  CPI(IW) 1960=100 for the quarter  would be 5569.52.As such there will be 33 slabs increase in DA for bank Staff  at 102.45 % (as against 97.50% in previous quarter with 4 .95% increase)as per details furnished here under:

Base Year 2001=100              1960=100
APR            242                        5523.87
MAY           244                        5569.52
JUNE          246                        5615.17  

Average index                            5569.52

Less merged index(9thBPS)          2836

Slabs                                                683

Increase (683 -old 650)                33  slabs

DA. @0.15%                                   102.45%

The  quantum of   increase in DA to Bank Officers, Clerks and Sub Staff
 for the next quarter –August to October’14 is furnished hereunder;

Kindly note that  DA details are given only for information and
wait for Official DA circular of IBA which will be released shortly.

Detailed DA  payable to bank Pensioner w.e.f.August 2014 to January 2015 as per date of of retirement is given below for information:


D.A.PAYABLE TO BANK PENSIONERS. w.e.f.                                                                               AUG.'14
                                          On Or                                                                                                            Over
RETIRED                           After                1.1.1986                      5569                          1242                      600

Upto 1250
832.14
1251-
2000
683.45
2001-
2130
409.86
Above
2130
211.14 %
                                                                                                    Upto                                                   Over
RETIRED                          After                  1.1.1992              31.3.98                             1105                   1148                     

Upto2400
        386.75
2401-
3850
320.45
3851-
4100
187.85

Above 410
     99.45 %
                                                                      1.11.98                                                                            Over
RETIRED                          AFTER                  upto                       31.10.2002                      971                1684

Upto 3550
          233.04
3551-
5650
  194.20
5651 –
6010
    116.52
Above
6010
     58.26%          
RETIRED                             ON OR               AFTER                     1.11.2002                       820           Over
                                                                                                                                                                         2288                                              
                                                                       147.60%
RETIRED                            ON  OR              AFTER                      1.11.2007                        683         Over 2836  
                                                                       102.45%

.pm.31.7.14

 Kindly await for IBA circular on  DA increase which may be issued shortly

Courtesy Mr Mohan P. (We also thank Mr Debashis Das for providing the calculation)


Source: http://paycommissionupdate.blogspot.in/

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