Dear Bankers welcome to Finance Diary. In this article you will get to know about DA FOR BANKERS FROM FEBRUARY 2024 is 48.51%.

There is no change in DA rates compared to DA for Bankers from November 2023. You can also read DA for Bankers from May 2024.

Dearness Allowance is one of the very important components of Bank employee’s salary.

It is based-on impact of inflation and ensure that bank employees purchasing power remain the same.

Table of Contents

DA FOR BANKERS FROM FEB 2024

In this article you will get to know about bankers DA from Feb 2024 is 48.51%.

In simple words bank employees Dearness Allowance is a percentage of the Basic salary and it will be added to employee’s total salary.

The Indian Bank Association (IBA) and Reserve Bank of India negotiate and decide the Dearness Rates for Bankers.

To calculate Bankers Dearness Allowance for the month of February 2024, we need know about CPI (Consumer Price Index) for the month October 2023, November 2023 and December 2023. We get this CPI index subsequent month.

October 2023 CPI index we get on 30^th November 2023 and November 2023 CPI index we get on 31^st December 2023 and December 2023 CPI index we receive on 31^st January 2024. This CPI index always we get one month late.

In last year February 2023 CPI Index increased on an 2.24 percent. On this basis we can expect for the month of October 2023 and November 2023 and December 2023 expected CPI Index will be.

October 2023 CPI Index will be 138.40 November 2023 CPI Index will be 139.10 December 2023 CPI Index will be 138.80.

Now we need to add October 2023 to December 2023 CPI Index figures

=138.40+139.10+138.80/ 3 =416.30/3 =138.77 (Average)

Now we need to multiply this figure to Base Year table.

=138.77*2.88*4.93*4.63 =9122.33 =9122/-

We need to subtract from 6352.

Its is because in 11 BPS 6352 points merged in the

DA. =9122-6352 =2770/- (Remaining points left)

Now we need to covert this points to slabs.

To cover this points to slabs we need divide it from 4. =2770/4 =692.50 Slabs

DA FOR BANKERS FROM FEB 2024

Now we need to convert these slabs to percentage.

Its because DA calculated in percentage.

To convert this into percentage we need to multiply with 0.07.

It is because according to 11 BPS 1 slab is equal to 0.07 =693*0.07 =48.51 %

SUB STAFF DA FOR BANKERS FROM FEBRUARY 2024

BASIC SALARY	NOV 2023_ DA 48.51%	FEB 2024_ DA 48.51%	CHANGE
14500	8,478.58	8,478.58	0.00
15000	8,760.91	8,760.91	0.00
15500	9,043.23	9,043.23	0.00
16000	9,325.56	9,325.56	0.00
16500	9,607.89	9,607.89	0.00
17115	9,955.15	9,955.15	0.00
17730	10,302.42	10,302.42	0.00
18345	10,649.68	10,649.68	0.00
18960	10,996.95	10,996.95	0.00
19575	11,344.21	11,344.21	0.00
20315	11,762.05	11,762.05	0.00
21055	12,179.90	12,179.90	0.00
21795	12,597.75	12,597.75	0.00
22535	13,015.59	13,015.59	0.00
23405	13,506.84	13,506.84	0.00
24275	13,998.09	13,998.09	0.00
25145	14,489.35	14,489.35	0.00
26145	15,054.00	15,054.00	0.00
27145	15,618.66	15,618.66	0.00
28145	16,183.31	16,183.31	0.00
29145	16,747.97	16,747.97	0.00
30145	17,312.63	17,312.63	0.00
31145	17,877.28	17,877.28	0.00
32145	18,441.94	18,441.94	0.00
33145	19,006.60	19,006.60	0.00
34145	19,571.25	19,571.25	0.00
35145	20,135.91	20,135.91	0.00
36145	20,700.57	20,700.57	0.00
37145	21,265.22	21,265.22	0.00

CLERK DA FOR BANKERS FROM FEBRUARY 2024

BASIC SALARY	NOV 2023_ DA 48.51%	FEB 2024_ DA 48.51%	CHANGE
17900	10,398.41	10,398.41	0.00
18900	10,963.07	10,963.07	0.00
19900	11,527.72	11,527.72	0.00
20900	12,092.38	12,092.38	0.00
22130	12,786.91	12,786.91	0.00
23360	13,481.43	13,481.43	0.00
24590	14,175.96	14,175.96	0.00
26080	15,017.30	15,017.30	0.00
27570	15,858.64	15,858.64	0.00
29060	16,699.97	16,699.97	0.00
30550	17,541.31	17,541.31	0.00
32280	18,518.17	18,518.17	0.00
34010	19,495.02	19,495.02	0.00
35740	20,471.88	20,471.88	0.00
37470	21,448.74	21,448.74	0.00
39200	22,425.59	22,425.59	0.00
40930	23,402.45	23,402.45	0.00
42660	24,379.30	24,379.30	0.00
45930	26,225.73	26,225.73	0.00
47920	27,349.39	27,349.39	0.00
49910	28,473.06	28,473.06	0.00
51900	29,596.73	29,596.73	0.00
53890	30,720.39	30,720.39	0.00
55880	31,844.06	31,844.06	0.00
57870	32,967.73	32,967.73	0.00
59860	34,091.39	34,091.39	0.00
61850	35,215.06	35,215.06	0.00
63840	36,338.72	36,338.72	0.00
65830	37,462.39	37,462.39	0.00

OFFICERS I TO III DA FOR BANKERS FROM FEBRUARY 2024

BASIC SALARY	NOV 2023_ DA 48.51%	FEB 2024_ DA 48.51%	CHANGE
36000	20,618.69	20,618.69	0.00
37490	21,460.03	21,460.03	0.00
38980	22,301.37	22,301.37	0.00
40470	23,142.70	23,142.70	0.00
41960	23,984.04	23,984.04	0.00
43450	24,825.38	24,825.38	0.00
44940	25,666.72	25,666.72	0.00
46430	26,508.06	26,508.06	0.00
48170	27,490.56	27,490.56	0.00
49910	28,473.06	28,473.06	0.00
51900	29,596.73	29,596.73	0.00
53890	30,720.39	30,720.39	0.00
55880	31,844.06	31,844.06	0.00
57870	32,967.73	32,967.73	0.00
59860	34,091.39	34,091.39	0.00
61850	35,215.06	35,215.06	0.00
63840	36,338.72	36,338.72	0.00
65830	37,462.39	37,462.39	0.00
67820	38,586.06	38,586.06	0.00
69810	39,709.72	39,709.72	0.00
71800	40,833.39	40,833.39	0.00
73790	41,957.06	41,957.06	0.00
76010	43,210.59	43,210.59	0.00
78230	44,464.13	44,464.13	0.00
80450	45,717.67	45,717.67	0.00
82670	46,971.20	46,971.20	0.00
84890	48,224.74	48,224.74	0.00
87110	49,478.28	49,478.28	0.00
89330	50,731.82	50,731.82	0.00
89610	50,889.92	50,889.92	0.00
92110	52,301.56	52,301.56	0.00

SCALE IV,V DA FOR BANKERS FROM FEBRUARY 2024

BASIC SALARY	NOV 2023_ DA 48.51%	FEB 2024_ DA 48.51%	CHANGE
76010	43,210.59	43,210.59	0.00
78230	44,464.13	44,464.13	0.00
80450	45,717.67	45,717.67	0.00
82670	46,971.20	46,971.20	0.00
84890	48,224.74	48,224.74	0.00
87390	49,636.38	49,636.38	0.00
89890	51,048.02	51,048.02	0.00
92390	52,459.66	52,459.66	0.00
94890	53,871.31	53,871.31	0.00
95120	54,001.18	54,001.18	0.00
97620	55,412.82	55,412.82	0.00
100350	56,954.33	56,954.33	0.00
103320	58,631.36	58,631.36	0.00
104240	59,150.84	59,150.84	0.00
107210	60,827.87	60,827.87	0.00
110180	62,504.90	62,504.90	0.00
113150	64,181.93	64,181.93	0.00
116120	65,858.96	65,858.96	0.00
119340	67,677.15	67,677.15	0.00
122560	69,495.35	69,495.35	0.00
125780	71,313.54	71,313.54	0.00
129000	73,131.74	73,131.74	0.00