Bank Employee DA Rate | New DA from November 2021

Find new DA rates to be paid to every bank employee from November (01.11.2021) after announcing CPI index numbers for the month Sep 21, Just check the present and new dearness allowance 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 Dearness Allowance for Bank employees is 27.79% which is calculated on the basis of Bank employee basic salary, wherein this quarter, the DA for public sector bank employees do hold an expecting increase upto 4.3% Dearness Allowance in their salary from November 21 to January 2022 which decrease their total salary.

Let’s check the Dearness Allowance for workmen and officer employees in public sector banks and some private banks are considered as per the below DA rate

Bank Employee DA Rate Chart

Effective From % DA Rate (Increased / Decreased) % of DA Rate Payable No: of Slabs Average CPI
01.11.2021 4.3 (Expecting)32.1
01.08.2021 2.127.79397 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-193.671.77177311
Aug-193.668.16817167.33
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-153.439.83986033
Aug-15 -74.3 36.4 364 5896
May-15 0.6 110.7738 5790.17
Feb-15 0.3 110.1 734 5774.95
Nov-14 109.8 732 5767
Bank Employee DA Rate History Chart

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 Dearness Allowance 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 expecting DA rates of bank employees for the next quarter from November 2021 after announcing price index numbers from July to September 2021.

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3 thoughts on “Bank Employee DA Rate | New DA from November 2021”

  1. It is heard that each and every quarter the actual DA figure of the bank employees is being hushed up, Is it fact?

    Reply

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