Thursday, January 28, 2010

THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS IN FEBRUARY, 2010

View Update of 2011 for Bank And Central Govt.
Update as on 02.02.2010 :

Actual D.A. Increase

Dearness Allowance for workmen and officer employees in banks


Payable for the Year Payable for the months Average CPI No. of slabs % of pay
2010 Feb Mar Apr 3819 382 68.76

Source : IBA

In the month of October, 2009, we projected the likely increase in DA from November, 2010, based on the available data. It proved to be on dot. Thus, from the beginning of January, 2010, we have been receiving letters for projecting the DA for the months of February, 2010, (also applicable for the months of March 2010 and April, 2010). Although, it is absolutely impossible to predict such things as inflation figures widely fluctuate. However, as requested by our readers and based on the trends so far released, we give below our projections for the DA on the existing scales. .
The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of December, 2009. However, based on the CPI already announced for the month of October, 2009 and November, 2009, we are doing this guess work. The CPI announced so far are as follows:-
Month CPI
Oct -09 3766
Nov-09 3835
Assuming that there will be another moderate increase in CPI for December (say at the level of 3858), it will result in increase of 32 slabs and DA to be around 68.76%. The projected DA is as follows:
Projected DA Table for February, 2010 onwards
DA for Nov 09, Dec09 & Jan 10 Like DA for Feb., 10; Mar.,10, April, 10
Index /Slabs / Basic Pay Likely Avg CPI = 3819; Likely Slabs = 382; Likely DA=68.76% Likely Increase in DA (Difference)
10000 6300.00 6876.00 576.00
10470 6596.10 7199.17 603.07
10940 6892.20 7522.34 630.14
11410 7188.30 7845.52 657.22
11880 7484.40 8168.69 684.29
12350 7780.50 8491.86 711.36
12820 8076.60 8815.03 738.43
13320 8391.60 9158.83 767.23
13820 8706.60 9502.63 796.03
14320 9021.60 9846.43 824.83
14880 9374.40 10231.49 857.09
15440 9727.20 10616.54 889.34
16000 10080.00 11001.60 921.60
16560 10432.80 11386.66 953.86
17120 10785.60 11771.71 986.11
17680 11138.40 12156.77 1018.37
18240 11491.20 12541.82 1050.62
18800 11844.00 12926.88 1082.88
19360 12196.80 13311.94 1115.14
19920 12549.60 13696.99 1147.39
20480 12902.40 14082.05 1179.65
21040 13255.20 14467.10 1211.90
21660 13645.80 14893.42 1247.62
22280 14036.40 15319.73 1283.33
22900 14427.00 15746.04 1319.04
23520 14817.60 16172.35 1354.75
24140 15208.20 16598.66 1390.46
24760 15598.80 17024.98 1426.18
25380 15989.40 17451.29 1461.89
26000 16380.00 17877.60 1497.60
26620 16770.60 18303.91 1533.31
27300 17199.00 18771.48 1572.48
27980 17627.40 19239.05 1611.65
28660 18055.80 19706.62 1650.82
29340 18484.20 20174.18 1689.98
30020 18912.60 20641.75 1729.15
30700 19341.00 21109.32 1768.32
31600 19908.00 21728.16 1820.16
32600 20538.00 22415.76 1877.76
300 189.00 206.28 17.28
750 472.50 515.70 43.20
** Actual DA calculations can be made only after GOI releases Consumer Price Index for Industrial Workers for December, 2009. This will be done around 31/1/2010

3 comments:

chandan said...

34 SLAB(PROBABILITY) BANK DA FOR FEB-2010:

Labour Bureau Government of India declared a six point rise in Agriculture Labourer's price index for the month of Dec-2009. Basing on this Two point rise is expected on CPI for Industrial Workers,to be declared on 29th Jan-2010 for the month of Dec 2009.So the average for the quarter of Oct-Dec 2009 will be 167.66 and will result 34 slab or 6%+ increase on Bank DA for Feb.In worst case also,it can't go below the 32 slabs.

vatsala said...

Dear Mr.Chandan,
thanks for making the correctness of d.a factor.it will come on of every 3 months.
Kindly give us the correct the details of the fate of the bank employees reg 9 BPS , the deadline is ending by 4 weeks.
So called great leaders given their proposals to IBA on 27th of this month. If so, what is it?
give us if possible the details.

vatsan said...
This comment has been removed by the author.

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