DEARNESS ALLOWANCE INCREASE FOR BANKERS FROM FEBRUARY, 2012 to APRIL 2012
(uploaded on 31/01/2012 at 5.30 PM)
We have been projecting the DA for bank staff on many occasions. We have been on dot on number of occasions and our projections have been correct. However, on one occasion in the past we missed the same by few slabs. We have also projected the DA from February 2012 onwards. In view of the large variation in inflation rates, we were reluctant as even Government of India and RBI have failed to project the inflation rate accurately even for one week or so. Frequently they are forced to revised their projections. However, still we took the gamble and based on the available data we projected the DA from February, 2012. However, the inflation index released now for the month of December, 2011 has gone below the level of October 2011, and thus the final DA that is likely to announced by IBA will be slightly less than our projections.
Now CPI has been announced for three relevant months which is as follows:-
| Month | CPI |
| October 2011 | 4519.53 |
| November 2011 | 4542.35 |
| December, 2011 | 4496.70 |
Based on the above calculations the new DA will be @ 63.00%, for the months of February, March, April 2012 [The DA for January, 2012 was 60.15%] i.e. increase of 2.85%. We give below the DA for February, 2012 onwards vis a vis existing DA, alongwith the increase in DA at various levels of scales. [As a matter of abundant caution, bankers must wait for final declaration of IBA and payments should be made as per bank circulars ] :-
Officers Staff :-
| Actual DA for | Actual DA for | Increase in DA | |||
| Officers | Nov., Dec 2011 and Jan. 2012 | Feb., March, April 2012 | |||
| Stage | Scale | Basic Pay | 60.15% | 63.00% | 2.85% |
| DA Amount Payable | DA Amount Payable | DA Amount Payable | |||
| 1 | I,II,III | 14500 | 8721.75 | 9135.00 | 413.25 |
| 2 | I,II,III | 15100 | 9082.65 | 9513.00 | 430.35 |
| 3 | I,II,III | 15700 | 9443.55 | 9891.00 | 447.45 |
| 4 | I,II,III | 16300 | 9804.45 | 10269.00 | 464.55 |
| 5 | I,II,III | 16900 | 10165.35 | 10647.00 | 481.65 |
| 6 | I,II,III | 17500 | 10526.25 | 11025.00 | 498.75 |
| 7 | I,II,III | 18100 | 10887.15 | 11403.00 | 515.85 |
| 8 | I,II,III | 18700 | 11248.05 | 11781.00 | 532.95 |
| 9 | I,II,III | 19400 | 11669.10 | 12222.00 | 552.90 |
| 10 | I,II,III | 20100 | 12090.15 | 12663.00 | 572.85 |
| 11 | I,II,III | 20900 | 12571.35 | 13167.00 | 595.65 |
| 12 | I,II,III | 21700 | 13052.55 | 13671.00 | 618.45 |
| 13 | I,II,III | 22500 | 13533.75 | 14175.00 | 641.25 |
| 14 | I,II,III | 23300 | 14014.95 | 14679.00 | 664.05 |
| 15 | I,II,III | 24100 | 14496.15 | 15183.00 | 686.85 |
| 16 | I,II,III | 24900 | 14977.35 | 15687.00 | 709.65 |
| 17 | I,II,III | 25700 | 15458.55 | 16191.00 | 732.45 |
| 18 | I,II,III | 26500 | 15939.75 | 16695.00 | 755.25 |
| 19 | I,II,III | 27300 | 16420.95 | 17199.00 | 778.05 |
| 20 | I,II,III | 28100 | 16902.15 | 17703.00 | 800.85 |
| 21 | I,II,III | 28900 | 17383.35 | 18207.00 | 823.65 |
| 22 | I,II,III | 29700 | 17864.55 | 18711.00 | 846.45 |
| 23 | I,II,III | 30600 | 18405.90 | 19278.00 | 872.10 |
| 24 | I,II,III | 31500 | 18947.25 | 19845.00 | 897.75 |
| 25 | I,II,III | 32400 | 19488.60 | 20412.00 | 923.40 |
| 26 | I,II,III | 33300 | 20029.95 | 20979.00 | 949.05 |
| 27 | I,II,III | 34200 | 20571.30 | 21546.00 | 974.70 |
| 28 | I,II,III | 35100 | 21112.65 | 22113.00 | 1000.35 |
| 1 | IV | 30600 | 18405.90 | 19278.00 | 872.10 |
| 2 | IV | 31500 | 18947.25 | 19845.00 | 897.75 |
| 3 | IV | 32400 | 19488.60 | 20412.00 | 923.40 |
| 4 | IV | 33300 | 20029.95 | 20979.00 | 949.05 |
| 5 | IV | 34200 | 20571.30 | 21546.00 | 974.70 |
| 6 | IV | 35200 | 21172.80 | 22176.00 | 1003.20 |
| 7 | IV | 36200 | 21774.30 | 22806.00 | 1031.70 |
| 1 | V | 36200 | 21774.30 | 22806.00 | 1031.70 |
| 2 | V | 37200 | 22375.80 | 23436.00 | 1060.20 |
| 3 | V | 38200 | 22977.30 | 24066.00 | 1088.70 |
| 4 | V | 39300 | 23638.95 | 24759.00 | 1120.05 |
| 5 | V | 40400 | 24300.60 | 25452.00 | 1151.40 |
| 1 | VI | 42000 | 25263.00 | 26460.00 | 1197.00 |
| 2 | VI | 43200 | 25984.80 | 27216.00 | 1231.20 |
| 3 | VI | 44400 | 26706.60 | 27972.00 | 1265.40 |
| 4 | VI | 45600 | 27428.40 | 28728.00 | 1299.60 |
| 5 | VI | 46800 | 28150.20 | 29484.00 | 1333.80 |
| 1 | VII | 46800 | 28150.20 | 29484.00 | 1333.80 |
| 2 | VII | 48100 | 28932.15 | 30303.00 | 1370.85 |
| 3 | VII | 49400 | 29714.10 | 31122.00 | 1407.90 |
| 4 | VII | 50700 | 30496.05 | 31941.00 | 1444.95 |
| 5 | VII | 52000 | 31278.00 | 32760.00 | 1482.00 |
Workman Staff:
| Actual DA for | Actual DA for | Increase in DA | |||
| Nov., Dec 2011 and Jan. 2012 | Feb., March, April 2012 | ||||
| Stage | Post | Basic Pay | 60.15% | 63.00% | 2.85% |
| DA Amount Payable | DA Amount Payable | DA Amount Payable | |||
| 1 | Clerk | 7200 | 4330.80 | 4536.00 | 205.20 |
| 2 | Clerk | 7600 | 4571.40 | 4788.00 | 216.60 |
| 3 | Clerk | 8000 | 4812.00 | 5040.00 | 228.00 |
| 4 | Clerk | 8400 | 5052.60 | 5292.00 | 239.40 |
| 5 | Clerk | 8900 | 5353.35 | 5607.00 | 253.65 |
| 6 | Clerk | 9400 | 5654.10 | 5922.00 | 267.90 |
| 7 | Clerk | 9900 | 5954.85 | 6237.00 | 282.15 |
| 8 | Clerk | 10500 | 6315.75 | 6615.00 | 299.25 |
| 9 | Clerk | 11100 | 6676.65 | 6993.00 | 316.35 |
| 10 | Clerk | 11700 | 7037.55 | 7371.00 | 333.45 |
| 11 | Clerk | 12300 | 7398.45 | 7749.00 | 350.55 |
| 12 | Clerk | 13000 | 7819.50 | 8190.00 | 370.50 |
| 13 | Clerk | 13700 | 8240.55 | 8631.00 | 390.45 |
| 14 | Clerk | 14400 | 8661.60 | 9072.00 | 410.40 |
| 15 | Clerk | 15100 | 9082.65 | 9513.00 | 430.35 |
| 16 | Clerk | 15800 | 9503.70 | 9954.00 | 450.30 |
| 17 | Clerk | 16500 | 9924.75 | 10395.00 | 470.25 |
| 18 | Clerk | 17200 | 10345.80 | 10836.00 | 490.20 |
| 19 | Clerk | 18500 | 11127.75 | 11655.00 | 527.25 |
| 20 | Clerk | 19300 | 11608.95 | 12159.00 | 550.05 |
| 21 | Clerk | 20100 | 12090.15 | 12663.00 | 572.85 |
| 22 | Clerk | 20900 | 12571.35 | 13167.00 | 595.65 |
| 23 | Clerk | 21700 | 13052.55 | 13671.00 | 618.45 |
| 24 | Clerk | 22500 | 13533.75 | 14175.00 | 641.25 |
| 25 | Clerk | 23300 | 14014.95 | 14679.00 | 664.05 |
| 26 | Clerk | 24100 | 14496.15 | 15183.00 | 686.85 |
| 27 | Clerk | 24900 | 14977.35 | 15687.00 | 709.65 |
| 1 | Sub-Staff | 5850 | 3518.78 | 3685.50 | 166.73 |
| 2 | Sub-Staff | 6050 | 3639.08 | 3811.50 | 172.43 |
| 3 | Sub-Staff | 6250 | 3759.38 | 3937.50 | 178.13 |
| 4 | Sub-Staff | 6450 | 3879.68 | 4063.50 | 183.83 |
| 5 | Sub-Staff | 6650 | 3999.98 | 4189.50 | 189.53 |
| 6 | Sub-Staff | 6900 | 4150.35 | 4347.00 | 196.65 |
| 7 | Sub-Staff | 7150 | 4300.73 | 4504.50 | 203.78 |
| 8 | Sub-Staff | 7400 | 4451.10 | 4662.00 | 210.90 |
| 9 | Sub-Staff | 7650 | 4601.48 | 4819.50 | 218.03 |
| 10 | Sub-Staff | 7900 | 4751.85 | 4977.00 | 225.15 |
| 11 | Sub-Staff | 8200 | 4932.30 | 5166.00 | 233.70 |
| 12 | Sub-Staff | 8500 | 5112.75 | 5355.00 | 242.25 |
| 13 | Sub-Staff | 8800 | 5293.20 | 5544.00 | 250.80 |
| 14 | Sub-Staff | 9100 | 5473.65 | 5733.00 | 259.35 |
| 15 | Sub-Staff | 9450 | 5684.18 | 5953.50 | 269.33 |
| 16 | Sub-Staff | 9800 | 5894.70 | 6174.00 | 279.30 |
| 17 | Sub-Staff | 10150 | 6105.23 | 6394.50 | 289.28 |
| 18 | Sub-Staff | 10550 | 6345.83 | 6646.50 | 300.67 |
| 19 | Sub-Staff | 10950 | 6586.43 | 6898.50 | 312.08 |
| 20 | Sub-Staff | 11350 | 6827.03 | 7150.50 | 323.47 |
| 21 | Sub-Staff | 11750 | 7067.63 | 7402.50 | 334.88 |
| 22 | Sub-Staff | 12150 | 7308.23 | 7654.50 | 346.28 |
| 23 | Sub-Staff | 12550 | 7548.83 | 7906.50 | 357.67 |
| 24 | Sub-Staff | 12950 | 7789.43 | 8158.50 | 369.08 |
| 25 | Sub-Staff | 13350 | 8030.03 | 8410.50 | 380.47 |
| 26 | Sub-Staff | 13750 | 8270.63 | 8662.50 | 391.88 |
| 27 | Sub-Staff | 14150 | 8511.23 | 8914.50 | 403.28 |
| Special Pay for Clerical & SubStaff | |||||
| CTO-B (with passing powers)/SWO | 500 | 300.75 | 315.00 | 14.25 | |
| Head Cashier II | 780 | 469.17 | 491.40 | 22.23 | |
| Special Assistant | 1180 | 709.77 | 743.40 | 33.63 | |
| All other existing Spl Pay holders | 500 | 300.75 | 315.00 | 14.25 | |
| 0.00 | 0.00 | 0.00 | |||
| Bill Collectors / Armed Guard | 240 | 144.36 | 151.20 | 6.84 | |
| Daftary | 340 | 204.51 | 214.20 | 9.69 | |
| Head Peon | 4550 | 2736.83 | 2866.50 | 129.68 | |
| Head Messenger in IOB | 1000 | 601.50 | 630.00 | 28.50 | |
| Electrician / AC Plant Helper | 1250 | 751.88 | 787.50 | 35.63 | |
| Driver | 1450 | 872.18 | 913.50 | 41.32 | |
| All other existing spl pay holders (substaff) | 350 | 210.53 | 220.50 | 9.97 | |
| 0.00 | 0.00 | 0.00 | |||
| Graduation Pay / PQA -after 1 year | 250 | 150.38 | 157.50 | 7.13 | |
| Graduation Pay / PQA -after 2 year | 490 | 294.74 | 308.70 | 13.97 | |
| Graduation Pay / PQA -after 3 year | 740 | 445.11 | 466.20 | 21.09 | |
| Graduation Pay / PQA -after 4 year | 990 | 595.49 | 623.70 | 28.22 | |
| Graduation Pay / PQA -after 5 year | 1230 | 739.85 | 774.90 | 35.05 | |
[As a matter of abundant caution, bankers must wait for final declaration of IBA and payments should be made as per bank circulars ]