Friday, April 8, 2011

Bankers likely to get 3.15% D.A. from May 2011 onwards.

Correction : Latest D.A. Position - 19 slab increase....click here
There is a possibility of 3.15% [21 slabs]increase in D.A. for Bank employees for May, June and July 2011
The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of March, 2011.   However, based on the CPI already announced for the month of Jan'11and Feb'11, we are doing this guess work.   The CPI announced so far  are as follows:-
Month                 CPI
January, 2011                  4291
February, 2011                4222
March, 2011            Not Avlbl.
The CPI has gone done in February, 2011.   The previous trends show that CPI is likely to remain at February, 2011 level or increase slightly.  Assuming that there will be marginal increase in CPI for March, 2011 the revised DA is likely to be around 53.10%, for the months of May, June and July, 2011 (i.e. increase of 21 slabs).   [The present DA is  49.95% for the months of February, March and April, 2011].
Source : Allbankingsolution.com

2 comments :

ashok said...

RELIEF TO BANK'S PENSIONERS

TO CONVENOR
UFBU
PLEASE START NEGOTIATIONS FOR UPDATION OF PENSION, 100 PERCENT NEUTERALISATION OF DEARNESS RELIEF TO ALL PENSIONERS.
KINDLY INITIATE ORGANISATIONAL STEPS TO COMPEL THE IBA FOR THE SAME. THIS DEMAND SHOULD NOT BE INCLUDED WITH THE 10th. BPS.
UFBU SHOULD START ITS SITE AND UPLOAD THE DAILY NEWS.
UFBU SHOULD FORM THE ASSOCIATION OF THE RETIRED BANKERS.
REGARDS
THANKS
ASHOK GOEL
ashokgoel47@gmail.com
19.04.2011

Shridhar said...

What Ashok said is 100%correct.Now start forming retired bank emp asso right now.As the retirees will be more than existing staff within a year two.The pension should be revised automatically as and when settlement took place and da should be equal to all.Iba has revised fitment formula but till date no detail circular pl circulate immediately.

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