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WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS AND WORKMEN  FROM August 2014 to October,  2014 


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On the demands of our readers, we have been projecting  likely DA one month in advance based on the CPI details  received for previous two months.   We are only PREDICTING these based on trends.   However, we would like to CAUTION our readers that inflation, especially food inflation, has been fluctuating widely, and thus at this stage it is very difficult to predict the inflation rate for next month.

 

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of June 2014.   However, based on the CPI already announced for the month of April 2014 and May 2014, we are doing this guess work.   The CPI announced and projected so far  are as follows:-

 

Month CPI
April 2014 5523
May 2014 5570
June 2014 5592  (Projected)

 

 

Although, in the month of May 2014, the DA has decreased by 2.55%, yet now in August, 2014, there will be again increase and DA is likely to cross 100% barrier.   There has been sharp  increase in CPI in the month of April  and May 2014.    The trends of previous years indicate that in June, the inflation usually marginally increases.    Assuming that there will be again only marginal increase  in  CPI for June 2014,  the revised DA is likely to be around 102.15%, (increase of 32 slabs) for the months of August  2014 to October, 2014

 

 [The present DA is  97.35% for the months of  May 2014 to July 2014]. 

 

The PROJECTED DA from August 2014 is as follows (All the projections are based on the existing Scales, which are to be revised after conclusion of 10th BPS]

 

 

      Actual DA for  Likely DA  Likely Increase 
  Officers   From May  2014 From August  2014 in DA Amt from Aug'14
Stage Scale Basic Pay 97.35% 102.15% 4.80%
           
1 I,II,III 14500 14115.75 14811.75 696.00
2 I,II,III 15100 14699.85 15424.65 724.80
3 I,II,III 15700 15283.95 16037.55 753.60
4 I,II,III 16300 15868.05 16650.45 782.40
5 I,II,III 16900 16452.15 17263.35 811.20
6 I,II,III 17500 17036.25 17876.25 840.00
7 I,II,III 18100 17620.35 18489.15 868.80
8 I,II,III 18700 18204.45 19102.05 897.60
9 I,II,III 19400 18885.90 19817.10 931.20
10 I,II,III 20100 19567.35 20532.15 964.80
11 I,II,III 20900 20346.15 21349.35 1003.20
12 I,II,III 21700 21124.95 22166.55 1041.60
13 I,II,III 22500 21903.75 22983.75 1080.00
14 I,II,III 23300 22682.55 23800.95 1118.40
15 I,II,III 24100 23461.35 24618.15 1156.80
16 I,II,III 24900 24240.15 25435.35 1195.20
17 I,II,III 25700 25018.95 26252.55 1233.60
18 I,II,III 26500 25797.75 27069.75 1272.00
19 I,II,III 27300 26576.55 27886.95 1310.40
20 I,II,III 28100 27355.35 28704.15 1348.80
21 I,II,III 28900 28134.15 29521.35 1387.20
22 I,II,III 29700 28912.95 30338.55 1425.60
23 I,II,III 30600 29789.10 31257.90 1468.80
24 I,II,III 31500 30665.25 32177.25 1512.00
25 I,II,III 32400 31541.40 33096.60 1555.20
26 I,II,III 33300 32417.55 34015.95 1598.40
27 I,II,III 34200 33293.70 34935.30 1641.60
28 I,II,III 35100 34169.85 35854.65 1684.80
1 IV 30600 29789.10 31257.90 1468.80
2 IV 31500 30665.25 32177.25 1512.00
3 IV 32400 31541.40 33096.60 1555.20
4 IV 33300 32417.55 34015.95 1598.40
5 IV 34200 33293.70 34935.30 1641.60
6 IV 35200 34267.20 35956.80 1689.60
7 IV 36200 35240.70 36978.30 1737.60
1 V 36200 35240.70 36978.30 1737.60
2 V 37200 36214.20 37999.80 1785.60
3 V 38200 37187.70 39021.30 1833.60
4 V 39300 38258.55 40144.95 1886.40
5 V 40400 39329.40 41268.60 1939.20
1 VI 42000 40887.00 42903.00 2016.00
2 VI 43200 42055.20 44128.80 2073.60
3 VI 44400 43223.40 45354.60 2131.20
4 VI 45600 44391.60 46580.40 2188.80
5 VI 46800 45559.80 47806.20 2246.40
1 VII 46800 45559.80 47806.20 2246.40
2 VII 48100 46825.35 49134.15 2308.80
3 VII 49400 48090.90 50462.10 2371.20
4 VII 50700 49356.45 51790.05 2433.60
5 VII 52000 50622.00 53118.00 2496.00
           

 

 

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      Actual DA for  Likely DA  Likely Increase 
  Officers Existing From May  2014 From August  2014 in DA Amt from Aug'14
Stage Scale Basic Pay 97.35% 102.15% 4.80%
           
1 Clerk 7200 7009.20 7354.80 345.60
2 Clerk 7600 7398.60 7763.40 364.80
3 Clerk 8000 7788.00 8172.00 384.00
4 Clerk 8400 8177.40 8580.60 403.20
5 Clerk 8900 8664.15 9091.35 427.20
6 Clerk 9400 9150.90 9602.10 451.20
7 Clerk 9900 9637.65 10112.85 475.20
8 Clerk 10500 10221.75 10725.75 504.00
9 Clerk 11100 10805.85 11338.65 532.80
10 Clerk 11700 11389.95 11951.55 561.60
11 Clerk 12300 11974.05 12564.45 590.40
12 Clerk 13000 12655.50 13279.50 624.00
13 Clerk 13700 13336.95 13994.55 657.60
14 Clerk 14400 14018.40 14709.60 691.20
15 Clerk 15100 14699.85 15424.65 724.80
16 Clerk 15800 15381.30 16139.70 758.40
17 Clerk 16500 16062.75 16854.75 792.00
18 Clerk 17200 16744.20 17569.80 825.60
19 Clerk 18500 18009.75 18897.75 888.00
20 Clerk 19300 18788.55 19714.95 926.40
21 Clerk 20100 19567.35 20532.15 964.80
22 Clerk 20900 20346.15 21349.35 1003.20
23 Clerk 21700 21124.95 22166.55 1041.60
24 Clerk 22500 21903.75 22983.75 1080.00
25 Clerk 23300 22682.55 23800.95 1118.40
26 Clerk 24100 23461.35 24618.15 1156.80
27 Clerk 24900 24240.15 25435.35 1195.20
1 Sub-Staff 5850 5694.98 5975.78 280.80
2 Sub-Staff 6050 5889.68 6180.08 290.40
3 Sub-Staff 6250 6084.38 6384.38 300.00
4 Sub-Staff 6450 6279.08 6588.68 309.60
5 Sub-Staff 6650 6473.78 6792.98 319.20
6 Sub-Staff 6900 6717.15 7048.35 331.20
7 Sub-Staff 7150 6960.53 7303.73 343.20
8 Sub-Staff 7400 7203.90 7559.10 355.20
9 Sub-Staff 7650 7447.28 7814.48 367.20
10 Sub-Staff 7900 7690.65 8069.85 379.20
11 Sub-Staff 8200 7982.70 8376.30 393.60
12 Sub-Staff 8500 8274.75 8682.75 408.00
13 Sub-Staff 8800 8566.80 8989.20 422.40
14 Sub-Staff 9100 8858.85 9295.65 436.80
15 Sub-Staff 9450 9199.58 9653.18 453.60
16 Sub-Staff 9800 9540.30 10010.70 470.40
17 Sub-Staff 10150 9881.03 10368.23 487.20
18 Sub-Staff 10550 10270.43 10776.83 506.40
19 Sub-Staff 10950 10659.83 11185.43 525.60
20 Sub-Staff 11350 11049.23 11594.03 544.80
21 Sub-Staff 11750 11438.63 12002.63 564.00
22 Sub-Staff 12150 11828.03 12411.23 583.20
23 Sub-Staff 12550 12217.43 12819.83 602.40
24 Sub-Staff 12950 12606.83 13228.43 621.60
25 Sub-Staff 13350 12996.23 13637.03 640.80
26 Sub-Staff 13750 13385.63 14045.63 660.00
27 Sub-Staff 14150 13775.03 14454.23 679.20
           
Special Pay for Clerical & SubStaff          
           
CTO-B (with passing powers)/SWO   500 486.75 510.75 24.00
Head Cashier II   780 759.33 796.77 37.44
Special Assistant   1180 1148.73 1205.37 56.64
All other existing Spl Pay holders   500 486.75 510.75 24.00
      0.00 0.00 0.00
Bill Collectors / Armed Guard   240 233.64 245.16 11.52
Daftary   340 330.99 347.31 16.32
Head Peon   4550 4429.43 4647.83 218.40
Head Messenger in IOB   1000 973.50 1021.50 48.00
Electrician / AC Plant Helper   1250 1216.88 1276.88 60.00
Driver   1450 1411.58 1481.18 69.60
All other existing spl pay holders (substaff)   350 340.73 357.53 16.80
      0.00 0.00 0.00
Graduation Pay / PQA -after 1 year   250 243.38 255.38 12.00
Graduation Pay / PQA -after 2 year   490 477.02 500.54 23.52
Graduation Pay / PQA -after 3 year   740 720.39 755.91 35.52
Graduation Pay / PQA -after 4 year   990 963.77 1011.29 47.52
Graduation Pay / PQA -after 5 year   1230 1197.41 1256.45 59.04