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DEARNESS ALLOWANCE INCREASE FOR BANKERS  FROM  May, 2012 to July 2012

(uploaded on 30/04/2012)

 

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 few occasions we missed the same by one or two slabs.  We have also projected the DA from May 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 May, 2012.   However, the inflation index released now for the month of March, 2012 is more than our projections and thus DA will be slighly more than our projections.. 

Now CPI has been announced for three relevant months which is as follows:-

Month CPI
January 2012 4519.53
February 2012 4542.35
March 2012 4588.01

 

Based on the above calculations the new DA will be @ 64.20%, for the months of May, June, and July 2012   [The DA for April, 2012 was  63.00%] i.e. increase of  1.20%.  We give below the DA for May, 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   Feb., March, April  2012 May, June, July  2012  
Stage Scale Basic Pay 63.00% 64.20% 1.20%
      DA Amount Payable DA Amount Payable DA Amount Payable
1 I,II,III 14500 9135.00 9309.00 174.00
2 I,II,III 15100 9513.00 9694.20 181.20
3 I,II,III 15700 9891.00 10079.40 188.40
4 I,II,III 16300 10269.00 10464.60 195.60
5 I,II,III 16900 10647.00 10849.80 202.80
6 I,II,III 17500 11025.00 11235.00 210.00
7 I,II,III 18100 11403.00 11620.20 217.20
8 I,II,III 18700 11781.00 12005.40 224.40
9 I,II,III 19400 12222.00 12454.80 232.80
10 I,II,III 20100 12663.00 12904.20 241.20
11 I,II,III 20900 13167.00 13417.80 250.80
12 I,II,III 21700 13671.00 13931.40 260.40
13 I,II,III 22500 14175.00 14445.00 270.00
14 I,II,III 23300 14679.00 14958.60 279.60
15 I,II,III 24100 15183.00 15472.20 289.20
16 I,II,III 24900 15687.00 15985.80 298.80
17 I,II,III 25700 16191.00 16499.40 308.40
18 I,II,III 26500 16695.00 17013.00 318.00
19 I,II,III 27300 17199.00 17526.60 327.60
20 I,II,III 28100 17703.00 18040.20 337.20
21 I,II,III 28900 18207.00 18553.80 346.80
22 I,II,III 29700 18711.00 19067.40 356.40
23 I,II,III 30600 19278.00 19645.20 367.20
24 I,II,III 31500 19845.00 20223.00 378.00
25 I,II,III 32400 20412.00 20800.80 388.80
26 I,II,III 33300 20979.00 21378.60 399.60
27 I,II,III 34200 21546.00 21956.40 410.40
28 I,II,III 35100 22113.00 22534.20 421.20
1 IV 30600 19278.00 19645.20 367.20
2 IV 31500 19845.00 20223.00 378.00
3 IV 32400 20412.00 20800.80 388.80
4 IV 33300 20979.00 21378.60 399.60
5 IV 34200 21546.00 21956.40 410.40
6 IV 35200 22176.00 22598.40 422.40
7 IV 36200 22806.00 23240.40 434.40
1 V 36200 22806.00 23240.40 434.40
2 V 37200 23436.00 23882.40 446.40
3 V 38200 24066.00 24524.40 458.40
4 V 39300 24759.00 25230.60 471.60
5 V 40400 25452.00 25936.80 484.80
1 VI 42000 26460.00 26964.00 504.00
2 VI 43200 27216.00 27734.40 518.40
3 VI 44400 27972.00 28504.80 532.80
4 VI 45600 28728.00 29275.20 547.20
5 VI 46800 29484.00 30045.60 561.60
1 VII 46800 29484.00 30045.60 561.60
2 VII 48100 30303.00 30880.20 577.20
3 VII 49400 31122.00 31714.80 592.80
4 VII 50700 31941.00 32549.40 608.40
5 VII 52000 32760.00 33384.00 624.00
           

 

 

Workman Staff:

      Actual DA for  Actual DA for  Increase in DA
  Officers   Feb., March, April  2012 May, June, July  2012  
Stage Scale Basic Pay 63.00% 64.20% 1.20%
      DA Amount Payable DA Amount Payable DA Amount Payable
1 Clerk 7200 4536.00 4622.40 86.40
2 Clerk 7600 4788.00 4879.20 91.20
3 Clerk 8000 5040.00 5136.00 96.00
4 Clerk 8400 5292.00 5392.80 100.80
5 Clerk 8900 5607.00 5713.80 106.80
6 Clerk 9400 5922.00 6034.80 112.80
7 Clerk 9900 6237.00 6355.80 118.80
8 Clerk 10500 6615.00 6741.00 126.00
9 Clerk 11100 6993.00 7126.20 133.20
10 Clerk 11700 7371.00 7511.40 140.40
11 Clerk 12300 7749.00 7896.60 147.60
12 Clerk 13000 8190.00 8346.00 156.00
13 Clerk 13700 8631.00 8795.40 164.40
14 Clerk 14400 9072.00 9244.80 172.80
15 Clerk 15100 9513.00 9694.20 181.20
16 Clerk 15800 9954.00 10143.60 189.60
17 Clerk 16500 10395.00 10593.00 198.00
18 Clerk 17200 10836.00 11042.40 206.40
19 Clerk 18500 11655.00 11877.00 222.00
20 Clerk 19300 12159.00 12390.60 231.60
21 Clerk 20100 12663.00 12904.20 241.20
22 Clerk 20900 13167.00 13417.80 250.80
23 Clerk 21700 13671.00 13931.40 260.40
24 Clerk 22500 14175.00 14445.00 270.00
25 Clerk 23300 14679.00 14958.60 279.60
26 Clerk 24100 15183.00 15472.20 289.20
27 Clerk 24900 15687.00 15985.80 298.80
1 Sub-Staff 5850 3685.50 3755.70 70.20
2 Sub-Staff 6050 3811.50 3884.10 72.60
3 Sub-Staff 6250 3937.50 4012.50 75.00
4 Sub-Staff 6450 4063.50 4140.90 77.40
5 Sub-Staff 6650 4189.50 4269.30 79.80
6 Sub-Staff 6900 4347.00 4429.80 82.80
7 Sub-Staff 7150 4504.50 4590.30 85.80
8 Sub-Staff 7400 4662.00 4750.80 88.80
9 Sub-Staff 7650 4819.50 4911.30 91.80
10 Sub-Staff 7900 4977.00 5071.80 94.80
11 Sub-Staff 8200 5166.00 5264.40 98.40
12 Sub-Staff 8500 5355.00 5457.00 102.00
13 Sub-Staff 8800 5544.00 5649.60 105.60
14 Sub-Staff 9100 5733.00 5842.20 109.20
15 Sub-Staff 9450 5953.50 6066.90 113.40
16 Sub-Staff 9800 6174.00 6291.60 117.60
17 Sub-Staff 10150 6394.50 6516.30 121.80
18 Sub-Staff 10550 6646.50 6773.10 126.60
19 Sub-Staff 10950 6898.50 7029.90 131.40
20 Sub-Staff 11350 7150.50 7286.70 136.20
21 Sub-Staff 11750 7402.50 7543.50 141.00
22 Sub-Staff 12150 7654.50 7800.30 145.80
23 Sub-Staff 12550 7906.50 8057.10 150.60
24 Sub-Staff 12950 8158.50 8313.90 155.40
25 Sub-Staff 13350 8410.50 8570.70 160.20
26 Sub-Staff 13750 8662.50 8827.50 165.00
27 Sub-Staff 14150 8914.50 9084.30 169.80
           
Special Pay for Clerical & SubStaff          
           
CTO-B (with passing powers)/SWO   500 315.00 321.00 6.00
Head Cashier II   780 491.40 500.76 9.36
Special Assistant   1180 743.40 757.56 14.16
All other existing Spl Pay holders   500 315.00 321.00 6.00
      0.00 0.00 0.00
Bill Collectors / Armed Guard   240 151.20 154.08 2.88
Daftary   340 214.20 218.28 4.08
Head Peon   4550 2866.50 2921.10 54.60
Head Messenger in IOB   1000 630.00 642.00 12.00
Electrician / AC Plant Helper   1250 787.50 802.50 15.00
Driver   1450 913.50 930.90 17.40
All other existing spl pay holders (substaff)   350 220.50 224.70 4.20
      0.00 0.00 0.00
Graduation Pay / PQA -after 1 year   250 157.50 160.50 3.00
Graduation Pay / PQA -after 2 year   490 308.70 314.58 5.88
Graduation Pay / PQA -after 3 year   740 466.20 475.08 8.88
Graduation Pay / PQA -after 4 year   990 623.70 635.58 11.88
Graduation Pay / PQA -after 5 year   1230 774.90 789.66 14.76
           

 [As a matter of abundant caution, bankers must wait for final declaration of IBA and payments should be made as per bank circulars ]