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

 

 

THIS PAGE WAS FOR PROJECTIONS OF DA FOR BANK STAFF.   HOWEVER, NOW THE FINAL CPI FIGURES HAVE BEEN DECLARED.  THUS  NOW YOU CAN CLICK ON THE LINK BELOW TO GET THE LATEST DETAILS

 

****

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS FROM NOVEMBER, 2011 To JANUARY, 2012

In 2009 and 2010, we used to project  the likely increase in DA, and were always on dot.  However, we stopped the same for last few months as we could have gone wrong any time in future projections, and could be dubbed as speculators.    However, we have been receiving number of emails wherein our readers have wished that we should revive the same even at the risk of being wrong sometimes.  

Therefore, we are once again projecting the DA that is likely to be payable from November, 2011.  Although, it is absolutely impossible to predict such things as inflation figures widely fluctuate and are released by government, yet as requested by 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 September, 2011.   However, based on the CPI already announced for the month of July, 2011 and August, 2011, we are doing this guess work.   The CPI announced so far  are as follows:-

Month CPI
July, 2011 4405
August, 2011 4428
September, 2011 4428  (Projected)

There has been sharp increase in CPI in the month of July, 2011, and small increase in August, 2011.  Assuming that there will be no marginal increase in  CPI for August, 2011 the revised DA is likely to be around 59.40%, for the months of November, December, 2011 and January, 2012 (i.e. increase of 36 slabs).   [The present DA is  54.00% for the months of August, September and October, 2011].  The projected DA is as follows:

OFFICER STAFF:

      Actual DA for  Likely DA for  Increase in DA
  Officers   Aug., Sept., Oct.,  2011 Nov., Dec., 2011 Jan.,  2012  
Stage Scale Basic Pay 54.00% 59.40% 5.40%
      DA Amount Payable DA Amount Payable DA Amount Payable
1 I,II,III 14500 7830.00 8613.00 783.00
2 I,II,III 15100 8154.00 8969.40 815.40
3 I,II,III 15700 8478.00 9325.80 847.80
4 I,II,III 16300 8802.00 9682.20 880.20
5 I,II,III 16900 9126.00 10038.60 912.60
6 I,II,III 17500 9450.00 10395.00 945.00
7 I,II,III 18100 9774.00 10751.40 977.40
8 I,II,III 18700 10098.00 11107.80 1009.80
9 I,II,III 19400 10476.00 11523.60 1047.60
10 I,II,III 20100 10854.00 11939.40 1085.40
11 I,II,III 20900 11286.00 12414.60 1128.60
12 I,II,III 21700 11718.00 12889.80 1171.80
13 I,II,III 22500 12150.00 13365.00 1215.00
14 I,II,III 23300 12582.00 13840.20 1258.20
15 I,II,III 24100 13014.00 14315.40 1301.40
16 I,II,III 24900 13446.00 14790.60 1344.60
17 I,II,III 25700 13878.00 15265.80 1387.80
18 I,II,III 26500 14310.00 15741.00 1431.00
19 I,II,III 27300 14742.00 16216.20 1474.20
20 I,II,III 28100 15174.00 16691.40 1517.40
21 I,II,III 28900 15606.00 17166.60 1560.60
22 I,II,III 29700 16038.00 17641.80 1603.80
23 I,II,III 30600 16524.00 18176.40 1652.40
24 I,II,III 31500 17010.00 18711.00 1701.00
25 I,II,III 32400 17496.00 19245.60 1749.60
26 I,II,III 33300 17982.00 19780.20 1798.20
27 I,II,III 34200 18468.00 20314.80 1846.80
28 I,II,III 35100 18954.00 20849.40 1895.40
1 IV 30600 16524.00 18176.40 1652.40
2 IV 31500 17010.00 18711.00 1701.00
3 IV 32400 17496.00 19245.60 1749.60
4 IV 33300 17982.00 19780.20 1798.20
5 IV 34200 18468.00 20314.80 1846.80
6 IV 35200 19008.00 20908.80 1900.80
7 IV 36200 19548.00 21502.80 1954.80
1 V 36200 19548.00 21502.80 1954.80
2 V 37200 20088.00 22096.80 2008.80
3 V 38200 20628.00 22690.80 2062.80
4 V 39300 21222.00 23344.20 2122.20
5 V 40400 21816.00 23997.60 2181.60
1 VI 42000 22680.00 24948.00 2268.00
2 VI 43200 23328.00 25660.80 2332.80
3 VI 44400 23976.00 26373.60 2397.60
4 VI 45600 24624.00 27086.40 2462.40
5 VI 46800 25272.00 27799.20 2527.20
1 VII 46800 25272.00 27799.20 2527.20
2 VII 48100 25974.00 28571.40 2597.40
3 VII 49400 26676.00 29343.60 2667.60
4 VII 50700 27378.00 30115.80 2737.80
5 VII 52000 28080.00 30888.00 2808.00

 

WORKMAN STAFF :

 

      Actual DA for  Likely DA for  Increase in DA
      Aug., Sept., Oct.,  2011 Nov., Dec., 2011 Jan.,  2012  
Stage Post Basic Pay 54.00% 59.40% 5.40%
      DA Amount Payable DA Amount Payable DA Amount Payable
1 Clerk 7200 3888.00 4276.80 388.80
2 Clerk 7600 4104.00 4514.40 410.40
3 Clerk 8000 4320.00 4752.00 432.00
4 Clerk 8400 4536.00 4989.60 453.60
5 Clerk 8900 4806.00 5286.60 480.60
6 Clerk 9400 5076.00 5583.60 507.60
7 Clerk 9900 5346.00 5880.60 534.60
8 Clerk 10500 5670.00 6237.00 567.00
9 Clerk 11100 5994.00 6593.40 599.40
10 Clerk 11700 6318.00 6949.80 631.80
11 Clerk 12300 6642.00 7306.20 664.20
12 Clerk 13000 7020.00 7722.00 702.00
13 Clerk 13700 7398.00 8137.80 739.80
14 Clerk 14400 7776.00 8553.60 777.60
15 Clerk 15100 8154.00 8969.40 815.40
16 Clerk 15800 8532.00 9385.20 853.20
17 Clerk 16500 8910.00 9801.00 891.00
18 Clerk 17200 9288.00 10216.80 928.80
19 Clerk 18500 9990.00 10989.00 999.00
20 Clerk 19300 10422.00 11464.20 1042.20
21 Clerk 20100 10854.00 11939.40 1085.40
22 Clerk 20900 11286.00 12414.60 1128.60
23 Clerk 21700 11718.00 12889.80 1171.80
24 Clerk 22500 12150.00 13365.00 1215.00
25 Clerk 23300 12582.00 13840.20 1258.20
26 Clerk 24100 13014.00 14315.40 1301.40
27 Clerk 24900 13446.00 14790.60 1344.60
1 Sub-Staff 5850 3159.00 3474.90 315.90
2 Sub-Staff 6050 3267.00 3593.70 326.70
3 Sub-Staff 6250 3375.00 3712.50 337.50
4 Sub-Staff 6450 3483.00 3831.30 348.30
5 Sub-Staff 6650 3591.00 3950.10 359.10
6 Sub-Staff 6900 3726.00 4098.60 372.60
7 Sub-Staff 7150 3861.00 4247.10 386.10
8 Sub-Staff 7400 3996.00 4395.60 399.60
9 Sub-Staff 7650 4131.00 4544.10 413.10
10 Sub-Staff 7900 4266.00 4692.60 426.60
11 Sub-Staff 8200 4428.00 4870.80 442.80
12 Sub-Staff 8500 4590.00 5049.00 459.00
13 Sub-Staff 8800 4752.00 5227.20 475.20
14 Sub-Staff 9100 4914.00 5405.40 491.40
15 Sub-Staff 9450 5103.00 5613.30 510.30
16 Sub-Staff 9800 5292.00 5821.20 529.20
17 Sub-Staff 10150 5481.00 6029.10 548.10
18 Sub-Staff 10550 5697.00 6266.70 569.70
19 Sub-Staff 10950 5913.00 6504.30 591.30
20 Sub-Staff 11350 6129.00 6741.90 612.90
21 Sub-Staff 11750 6345.00 6979.50 634.50
22 Sub-Staff 12150 6561.00 7217.10 656.10
23 Sub-Staff 12550 6777.00 7454.70 677.70
24 Sub-Staff 12950 6993.00 7692.30 699.30
25 Sub-Staff 13350 7209.00 7929.90 720.90
26 Sub-Staff 13750 7425.00 8167.50 742.50
27 Sub-Staff 14150 7641.00 8405.10 764.10
           
Special Pay for Clerical & SubStaff          
           
CTO-B (with passing powers)/SWO   500 270.00 297.00 27.00
Head Cashier II   780 421.20 463.32 42.12
Special Assistant   1180 637.20 700.92 63.72
All other existing Spl Pay holders   500 270.00 297.00 27.00
      0.00 0.00 0.00
Bill Collectors / Armed Guard   240 129.60 142.56 12.96
Daftary   340 183.60 201.96 18.36
Head Peon   4550 2457.00 2702.70 245.70
Head Messenger in IOB   1000 540.00 594.00 54.00
Electrician / AC Plant Helper   1250 675.00 742.50 67.50
Driver   1450 783.00 861.30 78.30
All other existing spl pay holders (substaff)   350 189.00 207.90 18.90
      0.00 0.00 0.00
Graduation Pay / PQA -after 1 year   250 135.00 148.50 13.50
Graduation Pay / PQA -after 2 year   490 264.60 291.06 26.46
Graduation Pay / PQA -after 3 year   740 399.60 439.56 39.96
Graduation Pay / PQA -after 4 year   990 534.60 588.06 53.46
Graduation Pay / PQA -after 5 year   1230 664.20 730.62 66.42