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WHAT IS THE INCREASE IN DEARNESS ALLOWANCE FOR BANK OFFICERS IN FEBRUARY, 2010

(updated on 29/01/2009)

CONGRATULATIONS : In the month of October, 2009, we projected the likely increase in DA from November, 2010, based on the available data. It proved to be on dot. Then again on the request of our readers we projected the likely DA for the month of February, 2010 onwards. We are happy to announce we have again been able to project the same correctly to the last digit. The CPI announced for the months of October, November and December are as follows:-

Month	CPI
Oct -09	3766
Nov-09	3835
Dec-09	3858

Thus, there will be increase of 32 slabs and DA for the months of February, March and April, 2010 will be 68.76% (till January, 2010, it is at 63.00%). Thus, there is increase of 5.76%. The DA for the months of February, March and April, 2010 will be as follows:- (The final announcement is yet to be made by IBA, which may happen in the first week of February, 2010.)

Likely DA Table for February, 2010 onwards
	DA for Nov 09, Dec09 & Jan 10	DA for Feb., 10; Mar.,10, April, 10
Index /Slabs / Basic Pay		Avg CPI = 3820; Slabs = 382; DA=68.76%	DA (Difference)

10000	6300.00	6876.00	576.00
10470	6596.10	7199.17	603.07
10940	6892.20	7522.34	630.14
11410	7188.30	7845.52	657.22
11880	7484.40	8168.69	684.29
12350	7780.50	8491.86	711.36
12820	8076.60	8815.03	738.43
13320	8391.60	9158.83	767.23
13820	8706.60	9502.63	796.03
14320	9021.60	9846.43	824.83
14880	9374.40	10231.49	857.09
15440	9727.20	10616.54	889.34
16000	10080.00	11001.60	921.60
16560	10432.80	11386.66	953.86
17120	10785.60	11771.71	986.11
17680	11138.40	12156.77	1018.37
18240	11491.20	12541.82	1050.62
18800	11844.00	12926.88	1082.88
19360	12196.80	13311.94	1115.14
19920	12549.60	13696.99	1147.39
20480	12902.40	14082.05	1179.65
21040	13255.20	14467.10	1211.90
21660	13645.80	14893.42	1247.62
22280	14036.40	15319.73	1283.33
22900	14427.00	15746.04	1319.04
23520	14817.60	16172.35	1354.75
24140	15208.20	16598.66	1390.46
24760	15598.80	17024.98	1426.18
25380	15989.40	17451.29	1461.89
26000	16380.00	17877.60	1497.60
26620	16770.60	18303.91	1533.31
27300	17199.00	18771.48	1572.48
27980	17627.40	19239.05	1611.65
28660	18055.80	19706.62	1650.82
29340	18484.20	20174.18	1689.98
30020	18912.60	20641.75	1729.15
30700	19341.00	21109.32	1768.32
31600	19908.00	21728.16	1820.16
32600	20538.00	22415.76	1877.76
300	189.00	206.28	17.28
750	472.50	515.70	43.20

** However, as a case of abundance caution, Bankers are advised to make actual payments based on the charts released by IBA / respective banks.