Bank D.A. to increase 27 slabs from Aug'15, Pensioners to get 31 slabs hike

All India Consumer Price Index Numbers (AICPIN)for Industrial workers(IW) Base 2001=100 for the month of JUNE’15 which stood at 261 points with an increase of 3 points while compared to MAY’15 figure.

                   Consequent upon the merger of CPI at 4440 points with Basic Pay under10^th BPS/7thJN, serving employees new DA formula  came  into  effect from 1.11.2012.( with DA factor @0.10 for every rise/fall of 4 points  on CPI (IW) Base 1960=100)

As such the confirmed All India average CPIN for the quarter ended June’15  are as follows:

                 Base 2001=100                    1960=100

 

April                    256                              5843.43

May                     258                              5889.08    

JUNE                   261                               5957.66         

Average CPI                                             5896

Accordingly there will be 27 slabs increase in DA payable to workmen/Officers for the next quarter ie. Aug,Sept & Oct ’15 with 364 slabs at 36.40 % DA rate.

31 SLABS INCREASE IN DA FOR BANK PENSIONERS W.E.F NEXT HALF YEAR - AUG'15 TO JAN'16.

For official confirmation kindly wait for IBA circular which may be released shortly.

News Courtesy : Mr Mohan P