Likely Bank D.A. from February 2014

Update on 31.01.2014 : Only 25 slabs increase. Click here for details
34 SLABS INCREASE IN BANK STAFF  DA EXPECTED  W.E.F Feb’14

                       .           The All India Consumer Price Index Numbers (IW) Base 2001=100 for the month of  November'13 ,is released  by Labour Bureau,Ministry of Labour and Employement,GOI today which stood at 243 points with 2 point increase compared to Oct'13 figure.

                                Based on confirmed figures of past two months and anticipating 1 point increase in Dec 13 figure the average index for the quarter may be as follows:

                       Base  2001=100                   Base 1960=100

                    ________________               ________________

      Oct  (Confirmed)               241                 5501.04

      Nov (Do)                           243                5546.69

      Dec (projected)                 244                5569.52

      Total

       Average Index.                                         5539

       Already Merged –IXth BPS                        2836

        Balance                                                  2703

        No of slabs                                               675

       Increase of Slabs(from641 to 675)          34 slabs    

        Rate of DA %   (from 88.95%)                101.25%

                   The  exact increase in DA w.e.f.  Feb’14, can be arrived only on release of CPI figures for December’13, by the Ministry.However considering the present inflationary trend an increase of minimum 32 slabs is certain  based on present CPI figure which may be expected to go upto 34 slabs in coming months if not above.The existing percentage may go to  101.25  % from present level(96.15%).

Please note that the expected increase shown in DA is only an assumption and exact Figure can be arrived by the end of January 2014.
Calculation provided by Mr Mohan P.