Find new DA for Bankers from November 2023 (01.11.2023) to 31st January 2024, Just check the current and new expected DA for Bankers and the number of slabs taken…
The DA for 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 DA in salary is a calculation of allowance paid to employees based on their work scale to compensate for inflation. This may calculated from a percentage of basic salary to mitigate the inflation on people.
As per current updates, the new total DA for Bankers from November 2023 is 48.51% which calculates on the basis of Bank employee basic salary.
In this quarter, the Bank DA employees may hold an increase of 4.27% Dearness Allowance in their salary from November to January 2024 which increases their total salary.
Let’s check the Bank DA chart applicable for workmen and officer employees in Public Sector Banks and some private banks considered.
DA for Bankers
| Effective From | % DA Rate (Increased / Decreased) | % of DA Rate Payable | No: of Slabs | Average CPI |
|---|---|---|---|---|
| November 2023 | 4.27 | 48.51 | 693 | 9124 |
| 01.08.2023 | 2.52 | 44.24 | 632 | 8881 |
| 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 will add in the salary is apart from basic salary and calculated on a defined percentage. Every bank has their pay grade define for employees based on their location and type of work they assigned.
This increases the basic salary and the DA for Bankers is a percentage from basic salary. Anyone with a higher basic salary will surely have a higher slab of Dearness Allowance. This gives them a good total NET salary.
Also Check: Insurance Employee DA New Slabs
DA for Bankers salary always increased, with estimated increase in DA for every one on quarterly based.
We update the new expected DA for bankers from February 2024 soon which applicable for all bank employees. This is applicable for the next quarter from February 2024 after announcing price index numbers.
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.