How to Calculate DA for Bank Employees | Expected DA for Bank Employees

How to calculate DA for Bank Employees?

How to calculate Bank DA?

How to calculate the Dearness Allowance for Bank Employees?

10th BPS Settlement : Dearness Allowance: In substitution of Clause 7 of Bipartite Settlement dated 27th April 2010 with effect from 1st November 2012, the Dearness Allowance shall be payable as per the following rates:-

Clerical and Subordinate Staff 0.10% of ‘pay’

Note: Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 4440 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100.

(a) It is clarified that there shall be no ceiling on Dearness Allowance.

(b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.

(c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.
Step-1 : Consumer Price Index (Industrial Workers) BY 2001=100 published by Labour Bureau every month through its official portal. A year divided into 4 quarters. Jan, Feb & Mar likewise 4 segments of 3 months.
Step-2 : Bank DA calculation is based on 1960 CPI. Convert the index with linking factor of 4.63 and 4.93
Step-3 : Total of 3 months CPI
Step-4 : Average of 3 months CPI
Step-5 : Over 4440 points in the quarterly average of Converted CPI
Step-6: Average of 3 months CPI minus with 4440
Step-7: For every increase of 4 points 1 slab – Divided into 4
Step-8: DA paid at the rate of 0.10%

DA Period	Average CPI	No. of slabs	DA %	% Increase or Decrease
Nov, Dec 2019 & Jan 2020	7311.0	717	71.7	3.6
Aug, Sep, Oct 2019	7167.33	681	68.1	3.6
May, Jun, Jul 2019	7023.0	645	64.5	3.4
Feb, Mar, Apr 2019	6885.0	611	61.1	0.4
Nov, Dec 2018 & Jan 2019	6871.0	607	60.7	6.6
Aug, Sep, Oct 2018	6604.0	541	54.1	1.2
May, Jun, Jul 2018	6559.0	529	52.9	0.2
Feb, Mar, Apr 2018	6551.0	527	52.7	1.1
Nov, Dec 2017 & Jan 2018	6505.0	516	51.6	3.8
Aug, Sep, Oct 2017	6353.21	478	47.8	2.2
May, Jun, Jul 2017	6261.91	456	45.6	1.3
Feb, Mar, Apr 2017	6315.0	469	46.9	1.3
Nov, Dec 2016 & Jan 2017	6353.0	456	45.6	0.1
Aug, Sep, Oct 2016	6261.9	455	45.5	3.5
May, Jun, Jul 2016	6117.0	420	42.0	0.6
Feb, Mar, Apr 2016	6147.0	426	42.6	2.8
Nov, Dec 2015 & Jan 2016	6033.0	398	39.8	3.4
Aug, Sep, Oct 2015	5896.0	364	36.4	74.3
May, Jun, Jul 2015	5790.17	738	110.7	0.6
Feb, Mar, Apr 2015	5774.95	734	110.1	0.3
Nov, Dec 2014 & Jan 2015	5767.0	732	109.8	–

Bank DA Table

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