Saturday, April 28, 2018

CPI for Industrial Workers (CPI-IW) for March 2018 and Bank D.A. calculation from May'18 onwards

The all India Consumer Price Index for March 2018 released yesterday It remained unchanged at the point of 287. 

As we have predicted the D.A. for Bank employees from May'18 to July'18 will be marginally hiked if the Index number remains unchanged from it's February level.
In this situation the increase in DA Slabs would come to 3 slabs.( revised DA slabs would be 530 i.e. 53.00% ) for the next three months.
View IBA Circular dated 2.5.2018

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