DA Arrears Calculator 1.7.2024 for 3 MonthsExpected Bank DA Calculator from May 2024 for Bank Employees and Officers
Please input the AICPIN points for the three specified months in the designated field and then proceed to click on the “Calculate” button. The tool will subsequently display the anticipated Dearness Allowance applicable to bank employees effective from the 1st of May, 2024.
[Note: The above results are approximate only]Expected Bank DA Calculator Overview
| Tile of Calculation Tool | Expected Bank DA Calculator |
| Beneficiaries | Bank Employees |
| Published on | 01.01.2017 |
| Updated on | 01.07.2023 |
| Input Method | Consumer Price Index for 3 months |
| Output Method | Expected Bank DA for Next Installment |
| Developed by | TEUT Digital Concepts |
Bank DA Calculation with Example
How to calculate bank DA: Here we explain how to calculate the percentage of DA with the example of the Dearness Allowance (DA) calculation formula is given below for bank employees as per the directions of 11th Bipartite Settlement (11th BPS) in clause 3 of Joint Note. Convert the CPI (IW) BY 2001=100 to Base Year 1960=100 using the conversion factor of (CPI x 4.63 x 4.93). And then minus 4440 with the value as per the decision in the 10th BPS/Joint Notes. 4440 points of DA were merged with the pay and the DA rate was fixed at 0.10% per slab.
For example, CPI (IW) BY 2016=100 for the months of April, May, and June 2023 as follows…
- CPI for April 2023 – 134.2
- CPI for May 2023 – 134.7
- CPI for June 2023 – 136.4
Conversion of Index
April 2023 – 134.2 x 4.63 x 4.93 x 2.88 = 8822.19
May 2023 – 134.7 x 4.63 x 4.93 x 2.88 = 8854.98
June 2023 – 136.4 x 4.63 x 4.93 x 2.88 = 8966.73
- Average of 3 months index = 8881
- 6352 Points Minus = 2529 (8881-6352)
- Divided by 4 = 632 (2529/4)
- Increased DA Slab: 36 (632-596)
- Dearness Allowance = 44.24%
So, all Bank workmen and officer employees will get 44.24 percent of pay as Dearness Allowance in the months of August, September, and October 2023!
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