With the increase of AICPIN number by one points for March 2013, the final calculation of Dearness Allowance for bankers is as under :
The confirmed CPI Index (IW) for the last three months are 5044.52, 5090.18, 5113.00, as base year (1960 = 100).
Average Index : 5082
Less : Merged Index : 2836
Remaining Index : 2246
Balance Increase : 561
So bank employees/officers will get an increase of 26 slabs of Dearness Allowance from May 2013. Kindly wait for the IBA circular.
Calculation Courtesy : Mr Mohan P and Mr Debashis Das.
The confirmed CPI Index (IW) for the last three months are 5044.52, 5090.18, 5113.00, as base year (1960 = 100).
Average Index : 5082
Less : Merged Index : 2836
Remaining Index : 2246
Balance Increase : 561
So bank employees/officers will get an increase of 26 slabs of Dearness Allowance from May 2013. Kindly wait for the IBA circular.
Calculation Courtesy : Mr Mohan P and Mr Debashis Das.