DA Rates For Bank Employees l New DA From February 2021

By | January 15, 2022

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 PayableNo: of SlabsAverage CPI
01.02.20223.02 (Expecting)33.4 (Expecting)  
01.11.20212.5930.384348088.04
01.08.20212.127.793977941.22
01.05.2021-0.4925.693677818.51
01.02.2021-55.7226.183747849.19
11th BPS settled    
November 204.481.98198190
August-201.477.57757540
May-200.276.17617486.9
Feb-204.275.97597479.29
Nov-193.671.77177311
Aug-193.668.16817167.33
May-193.464.56457023
Feb-190.461.16116885
Nov-186.660.76076871
Aug-181.254.15416604
May-180.252.95296559
Feb-181.152.75276551
Nov-173.851.65166505
Aug-172.247.84786353.21
May-17-1.345.64566261.91
Feb-171.346.94696315
Nov-160.145.64566353
Aug-163.545.54556261.9
May-16-0.6424206117
Feb-162.842.64266147
Nov-153.439.83986033
Aug-15-74.336.43645896
May-150.6110.77385790.17
Feb-150.3110.17345774.95
Nov-14109.87325767

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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