AllBankingSolutions.com

......our answer to all your banking needs


Follow AllBankingSolutions

 @


    Follow allbanking on Twitter

  • Ads by Google




  • Ads by Google

 
Best Viewed in 1024 X 768 Screen Resolution

Latest Indian Business News Financial World - Latest Articles Latest World News

 

 

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS AND WORKMEN  FROM May to July,  2012


We have been writing that  it is absolutely impossible to predict such things as inflation figures widely fluctuate and are released by government.  However, on the request of our readers and based on the trends so far released, we give below our PROJECTIONS  for the DA.  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.

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of December,  2011.   However, based on the CPI already announced for the month of October, 2011 and November, 2011, we are doing this guess work.   The CPI announced so far  are as follows:-

Month CPI
January, 2012 4519
February 2012 4542
March 2012 4565

There has been only marginal increase in CPI in the month of January and February 2012.  The trends of previous years indicate that in March, the inflation usually remains static, although in view of high inflation rate in last few months, we can assume that there will be marginal increase this month also.   Assuming that there will be again only similar marginal increase  in  CPI for March,  2011, the revised DA is likely to be around 63.90%, (increase of 6 slabs) for the months of Ma 2012 to July, 2012 (i.e. increase of 6 slabs).  In case the inflation remains static at February level, the increase will be of only 4 slabs i.e. increase of 0.60% only.

 

 [The present DA is  63.00% for the months of  February, March and April, 2012].  The projected DA is as follows:

      Actual DA for  Projected DA for  Increase in DA
  Officers   Feb., March, April  2012 May, June, July  2012  
Stage Scale Basic Pay 63.00% 63.90% 0.90%
      DA Amount Payable DA Amount Payable DA Amount Payable
1 I,II,III 14500 9135.00 9265.50 130.50
2 I,II,III 15100 9513.00 9648.90 135.90
3 I,II,III 15700 9891.00 10032.30 141.30
4 I,II,III 16300 10269.00 10415.70 146.70
5 I,II,III 16900 10647.00 10799.10 152.10
6 I,II,III 17500 11025.00 11182.50 157.50
7 I,II,III 18100 11403.00 11565.90 162.90
8 I,II,III 18700 11781.00 11949.30 168.30
9 I,II,III 19400 12222.00 12396.60 174.60
10 I,II,III 20100 12663.00 12843.90 180.90
11 I,II,III 20900 13167.00 13355.10 188.10
12 I,II,III 21700 13671.00 13866.30 195.30
13 I,II,III 22500 14175.00 14377.50 202.50
14 I,II,III 23300 14679.00 14888.70 209.70
15 I,II,III 24100 15183.00 15399.90 216.90
16 I,II,III 24900 15687.00 15911.10 224.10
17 I,II,III 25700 16191.00 16422.30 231.30
18 I,II,III 26500 16695.00 16933.50 238.50
19 I,II,III 27300 17199.00 17444.70 245.70
20 I,II,III 28100 17703.00 17955.90 252.90
21 I,II,III 28900 18207.00 18467.10 260.10
22 I,II,III 29700 18711.00 18978.30 267.30
23 I,II,III 30600 19278.00 19553.40 275.40
24 I,II,III 31500 19845.00 20128.50 283.50
25 I,II,III 32400 20412.00 20703.60 291.60
26 I,II,III 33300 20979.00 21278.70 299.70
27 I,II,III 34200 21546.00 21853.80 307.80
28 I,II,III 35100 22113.00 22428.90 315.90
1 IV 30600 19278.00 19553.40 275.40
2 IV 31500 19845.00 20128.50 283.50
3 IV 32400 20412.00 20703.60 291.60
4 IV 33300 20979.00 21278.70 299.70
5 IV 34200 21546.00 21853.80 307.80
6 IV 35200 22176.00 22492.80 316.80
7 IV 36200 22806.00 23131.80 325.80
1 V 36200 22806.00 23131.80 325.80
2 V 37200 23436.00 23770.80 334.80
3 V 38200 24066.00 24409.80 343.80
4 V 39300 24759.00 25112.70 353.70
5 V 40400 25452.00 25815.60 363.60
1 VI 42000 26460.00 26838.00 378.00
2 VI 43200 27216.00 27604.80 388.80
3 VI 44400 27972.00 28371.60 399.60
4 VI 45600 28728.00 29138.40 410.40
5 VI 46800 29484.00 29905.20 421.20
1 VII 46800 29484.00 29905.20 421.20
2 VII 48100 30303.00 30735.90 432.90
3 VII 49400 31122.00 31566.60 444.60
4 VII 50700 31941.00 32397.30 456.30
5 VII 52000 32760.00 33228.00 468.00
           
 

 

      Actual DA for  Projected DA for  Increase in DA
  Officers   Feb., March, April  2012 May, June, July  2012  
Stage Scale Basic Pay 63.00% 63.90% 0.90%
      DA Amount Payable DA Amount Payable DA Amount Payable
1 Clerk 7200 4536.00 4600.80 64.80
2 Clerk 7600 4788.00 4856.40 68.40
3 Clerk 8000 5040.00 5112.00 72.00
4 Clerk 8400 5292.00 5367.60 75.60
5 Clerk 8900 5607.00 5687.10 80.10
6 Clerk 9400 5922.00 6006.60 84.60
7 Clerk 9900 6237.00 6326.10 89.10
8 Clerk 10500 6615.00 6709.50 94.50
9 Clerk 11100 6993.00 7092.90 99.90
10 Clerk 11700 7371.00 7476.30 105.30
11 Clerk 12300 7749.00 7859.70 110.70
12 Clerk 13000 8190.00 8307.00 117.00
13 Clerk 13700 8631.00 8754.30 123.30
14 Clerk 14400 9072.00 9201.60 129.60
15 Clerk 15100 9513.00 9648.90 135.90
16 Clerk 15800 9954.00 10096.20 142.20
17 Clerk 16500 10395.00 10543.50 148.50
18 Clerk 17200 10836.00 10990.80 154.80
19 Clerk 18500 11655.00 11821.50 166.50
20 Clerk 19300 12159.00 12332.70 173.70
21 Clerk 20100 12663.00 12843.90 180.90
22 Clerk 20900 13167.00 13355.10 188.10
23 Clerk 21700 13671.00 13866.30 195.30
24 Clerk 22500 14175.00 14377.50 202.50
25 Clerk 23300 14679.00 14888.70 209.70
26 Clerk 24100 15183.00 15399.90 216.90
27 Clerk 24900 15687.00 15911.10 224.10
1 Sub-Staff 5850 3685.50 3738.15 52.65
2 Sub-Staff 6050 3811.50 3865.95 54.45
3 Sub-Staff 6250 3937.50 3993.75 56.25
4 Sub-Staff 6450 4063.50 4121.55 58.05
5 Sub-Staff 6650 4189.50 4249.35 59.85
6 Sub-Staff 6900 4347.00 4409.10 62.10
7 Sub-Staff 7150 4504.50 4568.85 64.35
8 Sub-Staff 7400 4662.00 4728.60 66.60
9 Sub-Staff 7650 4819.50 4888.35 68.85
10 Sub-Staff 7900 4977.00 5048.10 71.10
11 Sub-Staff 8200 5166.00 5239.80 73.80
12 Sub-Staff 8500 5355.00 5431.50 76.50
13 Sub-Staff 8800 5544.00 5623.20 79.20
14 Sub-Staff 9100 5733.00 5814.90 81.90
15 Sub-Staff 9450 5953.50 6038.55 85.05
16 Sub-Staff 9800 6174.00 6262.20 88.20
17 Sub-Staff 10150 6394.50 6485.85 91.35
18 Sub-Staff 10550 6646.50 6741.45 94.95
19 Sub-Staff 10950 6898.50 6997.05 98.55
20 Sub-Staff 11350 7150.50 7252.65 102.15
21 Sub-Staff 11750 7402.50 7508.25 105.75
22 Sub-Staff 12150 7654.50 7763.85 109.35
23 Sub-Staff 12550 7906.50 8019.45 112.95
24 Sub-Staff 12950 8158.50 8275.05 116.55
25 Sub-Staff 13350 8410.50 8530.65 120.15
26 Sub-Staff 13750 8662.50 8786.25 123.75
27 Sub-Staff 14150 8914.50 9041.85 127.35
           
Special Pay for Clerical & SubStaff          
           
CTO-B (with passing powers)/SWO   500 315.00 319.50 4.50
Head Cashier II   780 491.40 498.42 7.02
Special Assistant   1180 743.40 754.02 10.62
All other existing Spl Pay holders   500 315.00 319.50 4.50
      0.00 0.00 0.00
Bill Collectors / Armed Guard   240 151.20 153.36 2.16
Daftary   340 214.20 217.26 3.06
Head Peon   4550 2866.50 2907.45 40.95
Head Messenger in IOB   1000 630.00 639.00 9.00
Electrician / AC Plant Helper   1250 787.50 798.75 11.25
Driver   1450 913.50 926.55 13.05
All other existing spl pay holders (substaff)   350 220.50 223.65 3.15
      0.00 0.00 0.00
Graduation Pay / PQA -after 1 year   250 157.50 159.75 2.25
Graduation Pay / PQA -after 2 year   490 308.70 313.11 4.41
Graduation Pay / PQA -after 3 year   740 466.20 472.86 6.66
Graduation Pay / PQA -after 4 year   990 623.70 632.61 8.91
Graduation Pay / PQA -after 5 year   1230 774.90 785.97 11.07