Bank DA For October 2016 and DA Calculator

Bank DA For October and DA Calculator

KNOW HOW D.A. IS CALCULATED!

1. Labour Department will release Consumer Price Index (No.)
every month ,based on year 2001.

2. Jan,Feb,March is one quarter. Likewise there are 4 quarters.

3. Difference between average CPI over average of previous quarter is called increase.

4. Bank D.A is calculated on CPI based on year 1960.

5. Conversion factor to year 2001 is Index No .X 4.63 X 4.93

6. For every increase of 4 points 1 slab at the rate of 0.15% is given as D.A

7. Since everymonth’s CPI is announced on the last day of next month D.A is given effect on the subsequent month. i.e 2 months later.

EXAMPLE: for D,A Feb 2012:

APR MAY JUN JULY AUG SEP OCT NOV DEC 2011

---------------------------------------------------------------------------
186 187 189 193 194 197 198 199 197
---------------------------------------------------------------------------

Average of Oct,Nov,Dec 2011 =(198+199+197)x4.93x4.63/3
On conversion =Average O N D 2011 = 4519.53

D.A already paid for Nov. 2011(i.e average of Jul,Aug,Sep)= 401 slabs = 401X4+2836 = 4440.00

(2836 is already merged point in 9th B,P)

Increase 4519.53-4440 = 79.53

Slabs =79.53/4=19.88=19

(ONLY WHOLE NUMBERS ARE TAKEN.
DECIMELS ADJUSTED IN THE NEXT MONTH )

HENCE INCREASE FOR Feb 2012 is 19x0.15=2.85% of (B.P+SPL.ALLOW.+PQP)

Toal D.A for Feb,Mar,Apr 2012=401+19=420 slabs=60.15%+2.85%=63%

****************************************************

D.A. History:

Month SLABS %

Nov,Dec, 2007 & Jan 2008	40 6.00
Feb,Mar,Apr 2008	55 8.25
May,Jun,July 2008	63 9.45
Aug,Sep,Oct 2008	84 12.60
Nov,Dec, 2008 &Jan 2009	116 17.40
Feb,Mar,Apr 2009	133 19.95
May,Jun,July 2009	135 20.25
Aug,Sep,Oct 2009	154 23.10
Nov,Dec, 2009 & Jan 2010	213 31.95
Feb,Mar,Apr 2010	245 36.75
May,June,July 2010	264 39.60
Aug,Sep,Oct 2010	272 40.80
Nov,Dec,2010 & Jan 2011	308 46.20
Feb,Mar,Apr 2011	333 49.95
May,Jun,July 2011	352 52.80
Aug,Sep,Oct 2011	360 54.00
Nov,Dec, 2011 & Jan 2012	401 60.15
Feb,Mar,Apr 2012	420 63.00
May,June,July 2012	428 64.20
Aug,Sep,Oct 2012	468 70.20
Nov,Dec. 2012 & Jan 2013	510 76.50 10.90
Feb,Mar,Apr 2013	535 80.25 13.40
May,June,Jul 2013	561 84.15 16.00
Aug,Sep,Oct 2013	593 88.95 19.20

Nov,Dec, 2013 & Jan 2014	641 96.15 24.00
Feb, Mar, Apr 2014	666 99.60 26.50
May,June,July 2014	650 97.50 24.90
Aug,Sep,Oct 2014	683 102.45 28.20
Nov,Dec 2014&Jan 2015	732 109.80 33.10
Feb,Mar,Apri 2015	734 110.10 33.30
May, Jun,July 2015	337 33.70
Aug,Sep,Oct 2015	364 36.40
Nov, Dec 2015 & Jan 2016	398 39.80
Feb, Mar, Apr 2016	426 42.60
May, June, July 2016	420 42.00
Aug, Sep, Oct 2016	455 45.50