Info on DA Rates For Bank Employees l New DA From February 2021.
From February these are the new DA rates to be paid to all bank employees. Check out the number of slabs taken and the new as well as present Dearness allowance being paid
Every year fromFebuary, May, August, and November month based on the All India Consumer Price Index Number(AICPIN) dearness allowances are announced quarterly for the bank employees
To compensate the inflation with time dearness allowance given to the employees is calculated in their salaries based on the work and performance. To combat the inflation on people DA is calculated on a percentage of bank employees salaries
Based on the bank employees’ basic salary the new dearness allowance being announced is 33.4% as expected according to the current updates. In the salaries of bank employees working in government sector an increase of3.02%is being expected in this quarter in the DA from Feburary22 to May 22 due to which the total salaries would decrease
For the employees whether officers or workers here given are the DA rates. Some of the private banks are also being included
DA Rate Chart For Bank Employees
| Effective From | % DA Rate (Increased / Decreased) | % of DA Rate Payable | No: of Slabs | Average CPI |
| 01.02.2022 | 3.02 (Expecting) | 33.4 (Expecting) | ||
| 01.11.2021 | 2.59 | 30.38 | 434 | 8088.04 |
| 01.08.2021 | 2.1 | 27.79 | 397 | 7941.22 |
| 01.05.2021 | -0.49 | 25.69 | 367 | 7818.51 |
| 01.02.2021 | -55.72 | 26.18 | 374 | 7849.19 |
| 11th BPS settled | ||||
| November 20 | 4.4 | 81.9 | 819 | 8190 |
| August-20 | 1.4 | 77.5 | 775 | 7540 |
| May-20 | 0.2 | 76.1 | 761 | 7486.9 |
| Feb-20 | 4.2 | 75.9 | 759 | 7479.29 |
| Nov-19 | 3.6 | 71.7 | 717 | 7311 |
| Aug-19 | 3.6 | 68.1 | 681 | 7167.33 |
| May-19 | 3.4 | 64.5 | 645 | 7023 |
| Feb-19 | 0.4 | 61.1 | 611 | 6885 |
| Nov-18 | 6.6 | 60.7 | 607 | 6871 |
| Aug-18 | 1.2 | 54.1 | 541 | 6604 |
| May-18 | 0.2 | 52.9 | 529 | 6559 |
| Feb-18 | 1.1 | 52.7 | 527 | 6551 |
| Nov-17 | 3.8 | 51.6 | 516 | 6505 |
| Aug-17 | 2.2 | 47.8 | 478 | 6353.21 |
| May-17 | -1.3 | 45.6 | 456 | 6261.91 |
| Feb-17 | 1.3 | 46.9 | 469 | 6315 |
| Nov-16 | 0.1 | 45.6 | 456 | 6353 |
| Aug-16 | 3.5 | 45.5 | 455 | 6261.9 |
| May-16 | -0.6 | 42 | 420 | 6117 |
| Feb-16 | 2.8 | 42.6 | 426 | 6147 |
| Nov-15 | 3.4 | 39.8 | 398 | 6033 |
| Aug-15 | -74.3 | 36.4 | 364 | 5896 |
| May-15 | 0.6 | 110.7 | 738 | 5790.17 |
| Feb-15 | 0.3 | 110.1 | 734 | 5774.95 |
| Nov-14 | – | 109.8 | 732 | 5767 |
On a defined percentage the allowance is added to the basic salary Based on the employee location and type of work every bank has predefined employee pas scales
If the basic salary increases the Percentage of DA allowance also increases. Any employee will surely have a higher DA slab if his basic salary is higher and this in turn gives them a good net pay
Check Out the New DA Slabs For Insurance Employees
For every one year based on employee performance apart from salary increase, DA is also increased. After announcing the price index numbers from October to December 2021the new expected DA rates for the employees would get updated
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