Consequent upon the release of AICPIN data for Dec'12, the final calculation of D.A. is now possible.
Central employees are going to get a hike of 8% of basic pay with effect from 1st January 2013, as calculated and predicted earlier.
In case of Bank employees, the hike will be 25 slabs (3.75%) for Feb/Mar/Apr'13. It was also hinted in this blog that increase of one point in the AICPIN of Dec'12 will make the increase of two slabs more and that actually happened. Detailed calculation is provided below.
Click here for IBA Circular Dated 1.2.13
Central employees are going to get a hike of 8% of basic pay with effect from 1st January 2013, as calculated and predicted earlier.
In case of Bank employees, the hike will be 25 slabs (3.75%) for Feb/Mar/Apr'13. It was also hinted in this blog that increase of one point in the AICPIN of Dec'12 will make the increase of two slabs more and that actually happened. Detailed calculation is provided below.
Click here for IBA Circular Dated 1.2.13