Dearness Allowances
07:44
Showing posts with label DA SLABS. Show all posts
Showing posts with label DA SLABS. Show all posts
Sunday, 2 May 2021
Tuesday, 2 February 2021
Saturday, 24 October 2020
Saturday, 2 November 2019
Monday, 5 August 2019
Wednesday, 1 May 2019
Dearness Allowances
08:50
Bank Employees Dearness Allowances for the Quarter May -July 2019
Bank Employees Dearness Allowances for the Quarter May -July 2019
- Dearness Allowances for bank employees increased by 3.4% for the quarter, May 2019 to July 2019.
- Dearness Allowances for Bankers increase by 34 Slabs.
- Total DA Slabs -- 645 slabs or 64.50 %
Monday, 4 February 2019
Friday, 3 August 2018
Sunday, 13 May 2018
Saturday, 4 February 2017
Sunday, 6 November 2016
Dearness Allowances
07:39
DA SLABS FOR THE QUARTER NOV 2016-JAN 2017
DA SLABS FOR THE QUARTER NOV 2016-JAN 2017
“DA INCREASED BY 23 SLABS ( 2.30 PERCENT) FOR THE QUARTER NOV. 2016 TO JAN. 2017. DA IS NOW PAYABLE AT 47.80 PERCENT AS AGAINST 45.50 PERCENT PAID FOR THE PREVIOUS QUARTER. CIRCULAR FOLLOWS.”
Source:AIBOC
Monday, 3 October 2016
Dearness Allowances
15:45
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.
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
---------------------------------------------------------------------------
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
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:
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
|
|
Source:Indian Bank Kumar
Thursday, 8 September 2016
Wednesday, 3 August 2016
Monday, 23 May 2016
retirement
08:20
Loss due to Non Neutralization of D.A for pensioners retired prior to 31-10-2002
Loss due to Non Neutralization of D.A for pensioners retired prior to 31-10-2002
Many bank pensioners retired prior to 31-10-2002 are not aware of effect of 100% neutralisation of D.A and how much they are losing per month due to non neutralization of D.A. There are queries from these pensioners regarding effect of 100% neutralization of D.A. on their monthly pension as majority pensioners do not know / understand the implications of 100% D.A. neutralisation.
All pensioners in bank are not drawing uniform D.A. as in the case of Govt. employees. Pensioners retired prior to 31-10-2002 are getting tapered percentage of D.A. because D.A. is not neutralized to 100%.
D.A. rates for pensioners retired after 01-04-1998 upto 31-10-2002 (1115 Slabs over 1684 points)
Upto 3550 3551-5650 5651-6010 Abv 6010
267.60% 223% 133.80% 66.90%
One may notice that D.A.% gets tapered after Rs.3551 whereas under D.A neutralisation there is no tapering and pensioner is eligible for 267.60% DA on full basic pay. Suppose pensioner's basic is Rs 6200/- he should get 267.60% for the full amount under 100% DA neutralisation which would be Rs 16591.20, whereas now pensioner gets only Rs 14791.59, which means pensioner is losing Rs 1799.61 per month. Monthly loss of pension increases with increase in basic i.e. more the basic pension loss is more. For example a General Manager retired in March 2001, who is having basic pension Rs. 10680 is losing Rs.10797.70 per month due to non neutralization of D.A.
Following table gives exact figure of monthly loss corresponding to the basic (before commutation) of the pensioners retired after 01-04-1998 upto 31-10-2002 . In the following table basic starts from 3550 and is stepped up by 10 upto 12000. One can view the basic , present D.A, D.A after 100% neutralzation, Monthly loss due to non -neutralization. Table can be viewed / downloaded by clicking on the following link.
Table showing loss due to non-neutralization of D.A.
For more precise calculation of loss due to non neutralization of D.A. an online calculator is provided . Pensioners retired after 01-04-1998 upto 31-10-2002 can enter their exact basic pension (before commutation) in the calculator and get exact difference figure.
Source:Bank Pensioners
Sunday, 1 May 2016
Dearness Allowances
08:49
Bank DA Correction for May, June, July 2016- NOBW NEWS
Bank DA Correction for May, June, July 2016- NOBW NEWS
Correction:
D.A rate for May, June, July 2016:
Total slabs= 420
Total %. = 42.00%
i.e. decrease of 6 slabs
(0.60%)
For Pensioners: No change.
********************************
D.A rate for May, June, July 2016:
Total slabs= 419
Total %. = 41.90%
i.e. decrease of 7 slabs
(0.70%)
For Pensioners: No change.
(NOBW news)
Friday, 1 April 2016
Dearness Allowances
08:17
Expected DA for MAY 2016
Expected DA for MAY 2016
Expected DA for MAY 2016 – Bank Employees 31/03/2016 CPI (IW) for February 2016 released and is down by 2 points.
Bankers will witness a decline in DA from May 2016. If we go by past trends CPI for the month of March is either stagnant or there is a slight increase. We have to digest decrease in DA by 10 to 6 slabs. ( Decrease by 0.1% to 0.06% ) CPI (IW) for January 2016 released and is stagnant at 269 points. We may witness a slight decrease in DA for MAY 2016.
Source:BankingUpdates
Friday, 25 March 2016
Dearness Relief
19:28
RATES OF DEARNESS RELIEF PAYABLE TO PENSIONERS -SBI
RATES OF DEARNESS RELIEF PAYABLE TO PENSIONERS -SBI
Dearness Relief payable to Pensioners who have retired on or after 1-11-2002 to 31-10-2007
for the months from February 2016 to July 2016
( Average Index -CPI - for quarter ended December 2015 :- 6147 ; and No. of Slabs - 964)
Rate of dearness Relief on Pension : 173.52 % of basic pension
( ignore decimals from 3rd place onwards)
*******************************************************
Dearness Relief payable to Pensioners who have retired on or after 1-11-2007 to 31-10-2012
for the months from February 2016 to July 2016
( Average Index -CPI - for quarter ended December 2015 :- 6147 ; and No. of Slabs - 827 )
Rate of dearness Relief on Pension : 124.05 % of basic pension
( ignore decimals from 3rd place onwards)
*******************************************************
Dearness Relief to Pensioners who retired on or after 1-11-2012
for the months from February 2016 to July 2016
(Average Index (CPI) for quarter ended December 2015; 6147 and No. of Slabs - 426)
Rate of Dearness Relief on Pension : 42.60% of Basic Pension
(ignore decimals from 3rd place onwards)
Details In Annexure I & Annexure II
for the months from February 2016 to July 2016
( Average Index -CPI - for quarter ended December 2015 :- 6147 ; and No. of Slabs - 964)
Rate of dearness Relief on Pension : 173.52 % of basic pension
( ignore decimals from 3rd place onwards)
*******************************************************
Dearness Relief payable to Pensioners who have retired on or after 1-11-2007 to 31-10-2012
for the months from February 2016 to July 2016
( Average Index -CPI - for quarter ended December 2015 :- 6147 ; and No. of Slabs - 827 )
Rate of dearness Relief on Pension : 124.05 % of basic pension
( ignore decimals from 3rd place onwards)
*******************************************************
Dearness Relief to Pensioners who retired on or after 1-11-2012
for the months from February 2016 to July 2016
(Average Index (CPI) for quarter ended December 2015; 6147 and No. of Slabs - 426)
Rate of Dearness Relief on Pension : 42.60% of Basic Pension
(ignore decimals from 3rd place onwards)
Details In Annexure I & Annexure II
