DA FOR BANKERS FROM AUGUST 2023
Are you looking to know about DA for bankers from August 2023? If yes, then you came to article/blog.
Dearness Allowance is one of the important components of Bank employee’s salary. Its based-on impact of inflation and ensure that bank employees purchasing power remain the same. Dearness Allowance is revised based on CPI Index (Consumer Price Index)
Every year Bankers Dearness Allowance will be revised four times. Every year Bankers Dearness Allowance is revised in the months of
| SL | MONTHS |
| 1. | February |
| 2. | May |
| 3. | August |
| 4. | November |
DA CALCULATION FOR THE MONTH OF AUGUST 2023
In this article you will get to know about expected bankers DA from August 2023. 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 August 2023, we need know about CPI (Consumer Price Index) for the month April 2023, May 2023 and June 2023. We get this CPI index subsequent month. April 2023 CPI index we get on 31st May 2023 and May 2023 CPI index we get on 30th June 2023 and June 2023 CPI index we receive on 31st July 2023. This CPI index always we get one month late.
March 2023 CPI Index is 133.30
April 2023 CPI Index is 134.20
There is 0.72 increase in CPI Index in the month April 2023 compared to March 2023. On this basis we can expect for the month of May 2023 and June 2023 expected CPI Index will be.
May 2023 CPI Index is 134.70
June 2023 CPI Index will be 136.40
Now we need to add April 2023 to June 2023 CPI Index figures
=134.20+134.70+136.40 / 3
=405.30/3
=135.10 (Average)
Now we need to multiply this figure to Base Year table.
=135.10*2.88*4.93*4.63
=8881.28
=8881/-
We need to subtract from 6352. Its is because in 11 BPS 6352 points merged in the DA.
=8881-6352
=2529/- (Remaining points left)
Now we need to covert this points to slabs. To cover this points to slabs we need divide it from 4.
=2529/4
=632.25 Slabs
EXPECTED DA FOR BANKERS AUGUST 2023
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 its because according to 11 BPS 1 slab is equal to 0.07
=632*0.07
=44.24%
ALSO READ: DA FOR BANKERS FROM NOVEMBER 2023
| TYPE | STAGE | BASIC SALARY | MAY 2023_DA 41.72% | AUGUST 2023_ DA 44.24% | INCREASE |
|---|---|---|---|---|---|
| SUB-STAFF | 1 | 14,500.00 | 7,291.82 | 7,732.27 | 440.45 |
| SUB-STAFF | 2 | 15,000.00 | 7,534.63 | 7,989.74 | 455.11 |
| SUB-STAFF | 3 | 15,500.00 | 7,777.44 | 8,247.22 | 469.78 |
| SUB-STAFF | 4 | 16,000.00 | 8,020.25 | 8,504.70 | 484.44 |
| SUB-STAFF | 5 | 16,500.00 | 8,263.06 | 8,762.17 | 499.11 |
| SUB-STAFF | 6 | 17,115.00 | 8,561.72 | 9,078.87 | 517.15 |
| SUB-STAFF | 7 | 17,730.00 | 8,860.38 | 9,395.57 | 535.19 |
| SUB-STAFF | 8 | 18,345.00 | 9,159.03 | 9,712.26 | 553.23 |
| SUB-STAFF | 9 | 18,960.00 | 9,457.69 | 10,028.96 | 571.27 |
| SUB-STAFF | 10 | 19,575.00 | 9,756.35 | 10,345.66 | 589.31 |
| SUB-STAFF | 11 | 20,315.00 | 10,115.71 | 10,726.72 | 611.02 |
| SUB-STAFF | 12 | 21,055.00 | 10,475.07 | 11,107.79 | 632.72 |
| SUB-STAFF | 13 | 21,795.00 | 10,834.43 | 11,488.85 | 654.43 |
| SUB-STAFF | 14 | 22,535.00 | 11,193.78 | 11,869.92 | 676.13 |
| SUB-STAFF | 15 | 23,405.00 | 11,616.27 | 12,317.93 | 701.65 |
| SUB-STAFF | 16 | 24,275.00 | 12,038.76 | 12,765.94 | 727.17 |
| SUB-STAFF | 17 | 25,145.00 | 12,461.26 | 13,213.95 | 752.69 |
| SUB-STAFF | 18 | 26,145.00 | 12,946.88 | 13,728.90 | 782.03 |
| SUB-STAFF | 19 | 27,145.00 | 13,432.50 | 14,243.86 | 811.36 |
| SUB-STAFF | 20 | 28,145.00 | 13,918.12 | 14,758.81 | 840.69 |
| SUB-STAFF | 21 | 29,145.00 | 14,403.74 | 15,273.76 | 870.02 |
| SUB-STAFF | 22 | 30,145.00 | 14,889.36 | 15,788.72 | 899.36 |
| SUB-STAFF | 23 | 31,145.00 | 15,374.98 | 16,303.67 | 928.69 |
| SUB-STAFF | 24 | 32,145.00 | 15,860.60 | 16,818.62 | 958.02 |
| SUB-STAFF | 25 | 33,145.00 | 16,346.22 | 17,333.58 | 987.36 |
| SUB-STAFF | 26 | 34,145.00 | 16,831.84 | 17,848.53 | 1,016.69 |
| SUB-STAFF | 27 | 35,145.00 | 17,317.46 | 18,363.48 | 1,046.02 |
| SUB-STAFF | 28 | 36,145.00 | 17,803.08 | 18,878.44 | 1,075.35 |
| SUB-STAFF | 29 | 37,145.00 | 18,288.70 | 19,393.39 | 1,104.69 |
| CLERK | 1 | 17,900.00 | 8,942.93 | 9,483.11 | 540.18 |
| CLERK | 2 | 18,900.00 | 9,428.55 | 9,998.06 | 569.51 |
| CLERK | 3 | 19,900.00 | 9,914.17 | 10,513.02 | 598.84 |
| CLERK | 4 | 20,900.00 | 10,399.79 | 11,027.97 | 628.18 |
| CLERK | 5 | 22,130.00 | 10,997.11 | 11,661.36 | 664.25 |
| CLERK | 6 | 23,360.00 | 11,594.42 | 12,294.76 | 700.33 |
| CLERK | 7 | 24,590.00 | 12,191.74 | 12,928.15 | 736.41 |
| CLERK | 8 | 26,080.00 | 12,915.31 | 13,695.43 | 780.12 |
| CLERK | 9 | 27,570.00 | 13,638.89 | 14,462.71 | 823.83 |
| CLERK | 10 | 29,060.00 | 14,362.46 | 15,229.99 | 867.53 |
| CLERK | 11 | 30,550.00 | 15,086.04 | 15,997.27 | 911.24 |
| CLERK | 12 | 32,280.00 | 15,926.16 | 16,888.14 | 961.98 |
| CLERK | 13 | 34,010.00 | 16,766.28 | 17,779.01 | 1,012.73 |
| CLERK | 14 | 35,740.00 | 17,606.41 | 18,669.88 | 1,063.47 |
| CLERK | 15 | 37,470.00 | 18,446.53 | 19,560.75 | 1,114.22 |
| CLERK | 16 | 39,200.00 | 19,286.66 | 20,451.62 | 1,164.97 |
| CLERK | 17 | 40,930.00 | 20,126.78 | 21,342.49 | 1,215.71 |
| CLERK | 18 | 42,660.00 | 20,966.90 | 22,233.36 | 1,266.46 |
| CLERK | 19 | 45,930.00 | 22,554.88 | 23,917.26 | 1,362.38 |
| CLERK | 20 | 47,920.00 | 23,521.27 | 24,942.02 | 1,420.75 |
| CLERK | 21 | 49,910.00 | 24,487.65 | 25,966.77 | 1,479.12 |
| CLERK | 22 | 51,900.00 | 25,454.04 | 26,991.53 | 1,537.49 |
| CLERK | 23 | 53,890.00 | 26,420.42 | 28,016.29 | 1,595.86 |
| CLERK | 24 | 55,880.00 | 27,386.81 | 29,041.05 | 1,654.24 |
| CLERK | 25 | 57,870.00 | 28,353.20 | 30,065.80 | 1,712.61 |
| CLERK | 26 | 59,860.00 | 29,319.58 | 31,090.56 | 1,770.98 |
| CLERK | 27 | 61,850.00 | 30,285.97 | 32,115.32 | 1,829.35 |
| CLERK | 28 | 63,840.00 | 31,252.35 | 33,140.08 | 1,887.73 |
| CLERK | 29 | 65,830.00 | 32,218.74 | 34,164.84 | 1,946.10 |
| OFFICERS I TO III | 1 | 36,000.00 | 17,732.67 | 18,803.77 | 1,071.10 |
| OFFICERS I TO III | 2 | 37,490.00 | 18,456.24 | 19,571.05 | 1,114.81 |
| OFFICERS I TO III | 3 | 38,980.00 | 19,179.82 | 20,338.33 | 1,158.51 |
| OFFICERS I TO III | 4 | 40,470.00 | 19,903.39 | 21,105.61 | 1,202.22 |
| OFFICERS I TO III | 5 | 41,960.00 | 20,626.97 | 21,872.89 | 1,245.92 |
| OFFICERS I TO III | 6 | 43,450.00 | 21,350.54 | 22,640.17 | 1,289.63 |
| OFFICERS I TO III | 7 | 44,940.00 | 22,074.12 | 23,407.45 | 1,333.34 |
| OFFICERS I TO III | 8 | 46,430.00 | 22,797.69 | 24,174.74 | 1,377.04 |
| OFFICERS I TO III | 9 | 48,170.00 | 23,642.67 | 25,070.75 | 1,428.08 |
| OFFICERS I TO III | 10 | 49,910.00 | 24,487.65 | 25,966.77 | 1,479.12 |
| OFFICERS I TO III | 11 | 51,900.00 | 25,454.04 | 26,991.53 | 1,537.49 |
| OFFICERS I TO III | 12 | 53,890.00 | 26,420.42 | 28,016.29 | 1,595.86 |
| OFFICERS I TO III | 13 | 55,880.00 | 27,386.81 | 29,041.05 | 1,654.24 |
| OFFICERS I TO III | 14 | 57,870.00 | 28,353.20 | 30,065.80 | 1,712.61 |
| OFFICERS I TO III | 15 | 59,860.00 | 29,319.58 | 31,090.56 | 1,770.98 |
| OFFICERS I TO III | 16 | 61,850.00 | 30,285.97 | 32,115.32 | 1,829.35 |
| OFFICERS I TO III | 17 | 63,840.00 | 31,252.35 | 33,140.08 | 1,887.73 |
| OFFICERS I TO III | 18 | 65,830.00 | 32,218.74 | 34,164.84 | 1,946.10 |
| OFFICERS I TO III | 19 | 67,820.00 | 33,185.12 | 35,189.59 | 2,004.47 |
| OFFICERS I TO III | 20 | 69,810.00 | 34,151.51 | 36,214.35 | 2,062.84 |
| OFFICERS I TO III | 21 | 71,800.00 | 35,117.89 | 37,239.11 | 2,121.22 |
| OFFICERS I TO III | 22 | 73,790.00 | 36,084.28 | 38,263.87 | 2,179.59 |
| OFFICERS I TO III | 23 | 76,010.00 | 37,162.36 | 39,407.06 | 2,244.71 |
| OFFICERS I TO III | 24 | 78,230.00 | 38,240.44 | 40,550.26 | 2,309.82 |
| OFFICERS I TO III | 25 | 80,450.00 | 39,318.51 | 41,693.46 | 2,374.94 |
| OFFICERS I TO III | 26 | 82,670.00 | 40,396.59 | 42,836.65 | 2,440.06 |
| OFFICERS I TO III | 27 | 84,890.00 | 41,474.67 | 43,979.85 | 2,505.18 |
| OFFICERS I TO III | 28 | 87,110.00 | 42,552.75 | 45,123.05 | 2,570.30 |
| OFFICERS I TO III | 29 | 89,330.00 | 43,630.83 | 46,266.25 | 2,635.42 |
| OFFICERS I TO III | 30 | 89,610.00 | 43,766.80 | 46,410.43 | 2,643.63 |
| OFFICERS I TO III | 31 | 92,110.00 | 44,980.85 | 47,697.82 | 2,716.96 |
| SCALE IV, V | 1 | 76,010.00 | 37,162.36 | 39,407.06 | 2,244.71 |
| SCALE IV, V | 2 | 78,230.00 | 38,240.44 | 40,550.26 | 2,309.82 |
| SCALE IV, V | 3 | 80,450.00 | 39,318.51 | 41,693.46 | 2,374.94 |
| SCALE IV, V | 4 | 82,670.00 | 40,396.59 | 42,836.65 | 2,440.06 |
| SCALE IV, V | 5 | 84,890.00 | 41,474.67 | 43,979.85 | 2,505.18 |
| SCALE IV, V | 6 | 87,390.00 | 42,688.72 | 45,267.24 | 2,578.51 |
| SCALE IV, V | 7 | 89,890.00 | 43,902.77 | 46,554.62 | 2,651.85 |
| SCALE IV, V | 8 | 92,390.00 | 45,116.83 | 47,842.00 | 2,725.18 |
| SCALE IV, V | 9 | 94,890.00 | 46,330.88 | 49,129.39 | 2,798.51 |
| SCALE IV, V | 10 | 95,120.00 | 46,442.57 | 49,247.83 | 2,805.26 |
| SCALE IV, V | 11 | 97,620.00 | 47,656.62 | 50,535.21 | 2,878.59 |
| SCALE IV, V | 12 | 100,350.00 | 48,982.37 | 51,941.03 | 2,958.67 |
| SCALE IV, V | 13 | 103,320.00 | 50,424.66 | 53,470.45 | 3,045.78 |
| SCALE VI, VII | 1 | 104,240.00 | 50,871.43 | 53,944.20 | 3,072.77 |
| SCALE VI, VII | 2 | 107,210.00 | 52,313.73 | 55,473.62 | 3,159.89 |
| SCALE VI, VII | 3 | 110,180.00 | 53,756.02 | 57,003.03 | 3,247.01 |
| SCALE VI, VII | 4 | 113,150.00 | 55,198.31 | 58,532.44 | 3,334.13 |
| SCALE VI, VII | 5 | 116,120.00 | 56,640.61 | 60,061.85 | 3,421.24 |
| SCALE VI, VII | 6 | 119,340.00 | 58,204.31 | 61,720.00 | 3,515.70 |
| SCALE VI, VII | 7 | 122,560.00 | 59,768.01 | 63,378.15 | 3,610.15 |
| SCALE VI, VII | 8 | 125,780.00 | 61,331.70 | 65,036.30 | 3,704.60 |
| SCALE VI, VII | 9 | 129,000.00 | 62,895.40 | 66,694.45 | 3,799.05 |
Expected DA for Banker in the month of August 2023 only 44.24%.
IMPACT ON BANKERS:
- Bankers all over the country are happy and relieved about the recent increase in Dearness Allowance (DA).
- DA is like an extra bonus added to their salary to help them deal with rising living costs.
- This increase directly impacts their take-home pay, meaning they will have more money in their hands.
- Bankers work hard to provide important financial services to people, so any extra money they get is appreciated.
- The DA increase shows that their efforts are recognized and valued.
- It also helps improve their overall financial situation and well-being.
- As the cost of living keeps going up, the DA hike is much-needed support for bankers.
- It ensures that their salaries can still cover their basic expenses like food and housing.
- The timing of this DA increase in August 2023 is crucial, as the economy is recovering from the impact of the global pandemic.
- Bankers have been working hard during these tough times, and the DA increase boosts their morale and dedication.
- When bankers have more money to spend, it benefits the economy as they can buy more things, leading to more job opportunities and an improvement in the overall standard of living.
- Even though the DA increase may not be huge, it still makes a difference for bankers, lessening their financial burden and showing appreciation for their hard work.
CONCLUSION:
Dear reader in this article you get to know about expected bankers’ dearness allowance for the month of August 2023, Impact of DA on Bankers and how DA will be calculated etc. You are requested to check out other banking related articles in this website. If you have any query regarding this article kindly comment below.
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