Tuesday, April 30, 2013

Bank D.A. to increase 26 slabs for May to July 2013

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. 
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