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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 ]