Find new DA for Bankers to be paid from May (01.05.2023), Just check the present and new expected dearness allowance of Bankers and the number of slabs taken…
The Dearness Allowance of Bank employees announced quarterly based on All India Consumer Price Index Numbers (AICPIN) and effective from February, May, August and November months of every year.
Bank employee Dearness Allowance in salary is a calculation of allowance paid to employees based on their work scale to compensate for the inflation, and this is calculated from a percentage of basic salary to mitigate the inflation on people.
As per current updates, the new total DA for Bankers from May 2023 is 41.92% (Expecting) which calculates on the basis of Bank employee basic salary, wherein this quarter, the DA for public sector bank employees may hold an increase upto 0.76% Dearness Allowance in their salary from May 2023 to July 2023 which increase their total salary.
Let’s check the Bank DA for workmen and officer employees in Public Sector Banks and some private banks are considered as per the below DA rate.
Bank Employee DA Chart
| Effective From | % DA Rate (Increased / Decreased) | % of DA Rate Payable | No: of Slabs | Average CPI |
|---|---|---|---|---|
| 01.05.2023 | 0.56 | 41.72 | 596 | 8738 |
| 01.02.2023 | 2.24 | 41.16 | 588 | 8705 |
| 01.11.2022 | 2.1 | 38.92 | 556 | 8576.69 |
| 01.08.2022 | 3.78 | 36.82 | 526 | 8456.17 |
| 01.05.2022 | 0.07 | 33.04 | 472 | 8241.42 |
| 01.02.2022 | 2.59 | 32.97 | 471 | 8239.24 |
| 01.11.2021 | 2.59 | 30.38 | 434 | 8088.04 |
| 01.08.2021 | 2.1 | 27.79 | 397 | 7941.22 |
| 01.05.2021 | -0.49 | 25.69 | 367 | 7818.51 |
| 01.02.2021 | -55.72 | 26.18 | 374 | 7849.19 |
| 11th BPS settled | ||||
| November 20 | 4.4 | 81.9 | 819 | 8190 |
| August-20 | 1.4 | 77.5 | 775 | 7540 |
| May-20 | 0.2 | 76.1 | 761 | 7486.9 |
| Feb-20 | 4.2 | 75.9 | 759 | 7479.29 |
| Nov-19 | 3.6 | 71.7 | 717 | 7311 |
| Aug-19 | 3.6 | 68.1 | 681 | 7167.33 |
| May-19 | 3.4 | 64.5 | 645 | 7023 |
| Feb-19 | 0.4 | 61.1 | 611 | 6885 |
| Nov-18 | 6.6 | 60.7 | 607 | 6871 |
| Aug-18 | 1.2 | 54.1 | 541 | 6604 |
| May-18 | 0.2 | 52.9 | 529 | 6559 |
| Feb-18 | 1.1 | 52.7 | 527 | 6551 |
| Nov-17 | 3.8 | 51.6 | 516 | 6505 |
| Aug-17 | 2.2 | 47.8 | 478 | 6353.21 |
| May-17 | -1.3 | 45.6 | 456 | 6261.91 |
| Feb-17 | 1.3 | 46.9 | 469 | 6315 |
| Nov-16 | 0.1 | 45.6 | 456 | 6353 |
| Aug-16 | 3.5 | 45.5 | 455 | 6261.9 |
| May-16 | -0.6 | 42 | 420 | 6117 |
| Feb-16 | 2.8 | 42.6 | 426 | 6147 |
| Nov-15 | 3.4 | 39.8 | 398 | 6033 |
| Aug-15 | -74.3 | 36.4 | 364 | 5896 |
| May-15 | 0.6 | 110.7 | 738 | 5790.17 |
| Feb-15 | 0.3 | 110.1 | 734 | 5774.95 |
| Nov-14 | – | 109.8 | 732 | 5767 |
The allowance added in the salary is apart from basic salary and it is calculated on a defined percentage, where every bank has their pay grade defined for employees based on their location and type of work they are assigned.
Thus this increases the basic salary and the DA for Bankers is a percentage from basic salary, and anyone who has got a higher basic salary will surely have a higher slab of Dearness Allowance, which does give them a good total NET salary.
Check Insurance Employee DA New Slabs
This part of the salary is always increased and in Banks, it is estimated to have an increase in DA for every one year based on their performance, and we can update the new DA for bankers applicable for all bank employees for the next quarter from May 2023 after announcing price index numbers from Jan 2023 to March 2023.
Sir,
Could you please upload the chart for DA for Bank Employees from 1999 onwards under successive wage revisions?
It is heard that each and every quarter the actual DA figure of the bank employees is being hushed up, Is it fact?
DA figures increase/decrease may record as per Consumer Price Index numbers only.
VERY MUCH USEFUL.