AllBankingSolutions.com ......our answer to all your banking needs

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

    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.  Thus, from the beginning of January, 2010, we have been receiving letters for projecting the DA for the months of February, 2010, (also applicable for the months of March 2010 and April, 2010).   Although, it is absolutely impossible to predict such things as inflation figures widely fluctuate.   However, as requested by our readers and based on the trends so far released, we give below our projections for the DA on the existing scales.   . 

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of December, 2009.   However, based on the CPI already announced for the month of October, 2009 and November,  2009, we are doing this guess work.   The CPI announced so far  are as follows:-

Assuming that there will be another moderate increase in CPI for December  (say at the level of 3858),  it will result in increase of 32 slabs and DA to be around 68.76%.  The projected DA is as follows:

** Actual DA calculations can be made only after GOI releases Consumer Price Index for Industrial Workers for December, 2009.  This will be done around 31/1/2010