Are you looking to know about BANK DA History? If yes then you came to right blog.
In this article you get to know about Bank DA History and DA Calculations etc. This article is written after referring IBA official website and reading more than 3 articles related to bank da history.
BANK DA HISTORY FROM 2016
| Payable for the months | Average CPI | No. of slabs | % of pay | % Difference |
| February, March, April 2024 |
WILL BE UPDATED | WILL BE UPDATED | WILL BE UPDATED | WILL BE UPDATED |
| November, December 2023 Â & January 2024 |
9124.0 | 693 | 48.51 | 4.27 |
| August, September ,October 2023 |
8881.0 | 632 | 44.24 | 2.52 |
| May, June, July 2023 |
8738.0 | 596 | 41.72 | 0.56 |
| February, March, April 2023 |
8705.0 | 588 | 41.16 | 2.24 |
| November, December 2022 Â & January 2023 |
8576.69 | 556 | 38.92 | 2.1 |
| August, September ,October 2022 |
8456.17 | 526 | 36.82 | 3.78 |
| May, June, July 2022 |
8241.42 | 472 | 33.04 | 0.07 |
| February ,March, April 2022 |
8239.24 | 471 | 32.97 | 2.59 |
| November, December 2021 & January 2022 |
8088.04 | 434 | 30.38 | 2.59 |
| August, September, October 2021 |
7941.22 | 397 | 27.79 | 2.1 |
| May, June, July 2021 |
7818.51 | 367 | 25.69 | 0.49 |
| February ,March ,April 2021 |
7849.19 | 374 | 26.18 | 55.72 |
| November, December 2020 & January 2021 |
7716.13 | 819 | 81.9 | 4.4 |
| August, September ,October 2020 |
7540.0 | 775 | 77.5 | 1.4 |
| May ,June, July 2020 |
7486.9 | 761 | 76.1 | 0.2 |
| February, March, April 2020 |
7479.29 | 759 | 75.9 | 4.2 |
| November, December 2019 & January 2020 |
7311.0 | 717 | 71.7 | 3.6 |
| August, September, October 2019 |
7167.33 | 681 | 68.1 | 3.6 |
| May, June, July 2019 |
7023.0 | 645 | 64.5 | 3.4 |
| February, March, April 2019 |
6885.0 | 611 | 61.1 | 0.4 |
| November, December 2018 & January 2019 |
6871.0 | 607 | 60.7 | 6.6 |
| August, September, October 2018 |
6604.0 | 541 | 54.1 | 1.2 |
| May, June, July 2018 |
6559.0 | 529 | 52.9 | 0.2 |
| February, March ,April 2018 |
6551.0 | 527 | 52.7 | 1.1 |
| November,December 2017 & January 2018 | 6505.0 | 516 | 51.6 | 3.8 |
| August,September,October 2017 | 6353.21 | 478 | 47.8 | 2.2 |
| May,June,July 2017 | 6261.91 | 456 | 45.6 | 1.3 |
| February,March,April 2017 | 6315.0 | 469 | 46.9 | 1.29 |
| November 2016, December 2016, January 2017, | 6353.0 | 456 | 45.6 | 0.10 |
| August 2016, September 2016, October 2016, | 6261.9 | 455 | 45.5 | 3.5 |
| May 2016, June 2016, July 2016, | 6117.0 | 420 | 42.0 | 0.60 |
HOW DEARNESS ALLOWANCE (D.A.) IS CALCULATED
1. The Labour Department releases the Consumer Price Index (CPI) every month, based on the year 2001. However, they have recently changed the base year to 2016, and the conversion factor is 4.63 multiplied by 4.93 and then by 2.88.
2. Each quarter consists of three months, such as January, February, and March, and there are four quarters in a year.
3. The increase in D.A. is determined by the difference between the average CPI of the current quarter and the average of the previous quarter.
4. Bank D.A. is calculated based on the CPI with the base year 1960.
5. To convert the CPI to the year 2001, the index number is multiplied by 4.63 and then by 4.93.
6. For every increase of 4 points in the CPI, 1 slab of D.A. is given at a rate of 0.15%.
7. Since the CPI for each month is announced on the last day of the following month, the D.A. is given effect two months later, in the subsequent month.
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