Bank DA Calculation and Formula DA is revised for bankers for every quarter as mentioned below 1. February, March, April 2. May, June, July 3. August, September, October 4. November, December, January Based on All India Consumer Price Index Numbers for Industrial Workers, the DA for Bank Employees calculated for each quarter. Three months AICPIN previous to one month … [Read more...]
Bank DA Calculator for bankers from November 2017
Bank DA Calculator for bankers from November 2017 DA is calculated based on CPI Numbers for Industrial Workers of quater ending one month before the quarter for which DA is payable because CPI data is released by Ministry of Labour on the last day of next month. DA is revised for bankers every quarter i.e., Feb-Apr, May-Jul, Aug-Oct and Nov-Jan. Expected DA For the Quarter … [Read more...]
Dearness Allowance for Bank Employees for February, March and April 2016
Dearness Allowance for Bank Employees for February, March and April 2016 Dearness Allowance payable to workmen and officer employees for the months of February, March & April 2016 shall be 42.60% of ‘pay’ Indian Banks’ Association HR & Industrial Relations No. CIR/HR&IR176/D/2015-16/2008 January 30, 2016 All Members of the Association (Designated … [Read more...]