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 January, 2010, we projected the likely increase in DA from February, 2010, based on the available data.  It proved to be on dot (as it was in the earlier quarter also).   Thus, we have been receiving letters from some of readers  for projecting the DA for three months beginning  May, 2010, (same DA is also applicable for the months of June 2010 and July, 2010). 

 Although, it is absolutely impossible to predict such things as inflation figures widely fluctuate and are released by government, yet 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 no further increase in CPI for March, 2010,  it will result that DA to be around 72.18%. (under existing salary structure).  Under the revised salary structure the DA is likely to increase from 36.75% to 39.60%.  The projected DA is as follows:

** Actual DA calculations can be made only after GOI releases Consumer Price Index for Industrial Workers for March, 2009.  This will be done around 30/4/2010