DA Rates For Bank Employees l New DA From February 2021

Info on DA Rates For Bank Employees l New DA From February 2021. 

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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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