DA for Bankers from Feb 2024 with Formula and Chart

Find new DA for Bankers from February 2024 (01.02.2024) to April 2024, Just check the present and new expected Feb 2024 DA for Bank employee and the number of slabs taken…

The DA for Bank employees announced quarterly based on AICPIN which is 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, and this may calculated from a percentage of basic salary to mitigate the inflation on people.

As per current updates, the new total present DA for Bankers is 48.48% from February 2024 to April 2024, where the confirmed DA for Bankers from Feb 2024 may recorded at -0.029%, which calculates on the basis of Bank employee basic salary.

expected DA for bankers from November 2023

In this quarter, the Bank DA for employees may hold an expected decrease of -0.029% Dearness Allowance in their salary from February to May 2024 which increases their total salary.

DA for Bankers

Let’s check the Bank DA chart applicable for workmen and officer employees in Public Sector Banks and for some private banks considered as expected and confirmed.

Effective From % DA Rate (Increased / Decreased) % of DA Rate Payable No: of Slabs Average CPI
February 2024-0.029 (Expecting)48.48 (Expecting)
November 20234.27 48.51 6939124
01.08.2023 2.52 44.246328881
01.05.2023 0.56 41.725968738
01.02.2023 2.2441.16 5888705
01.11.20222.138.925568576.69
01.08.2022 3.7836.82526 8456.17
01.05.20220.07 33.04 472 8241.42
01.02.2022 2.5932.974718239.24
01.11.2021 2.59 30.38434 8088.04
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 DA Chart

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.

Bank DA Calculation Formula

Below is the exact Bank DA calculation formula to calculate the specified period dearness allowance

  • Find the Average of AICPIN for 3 months
  • Get Total CPI = Average AICPIN * 4.93*4.63
  • Find Gross Points with Total CPI – 6352
  • DA Slabs Payable for current period = Total Points / 4
  • Increase in Bank DA Slabs for this quarter = Total DA Slabs- Already Paid DA Slabs.

We update the new expected DA for bankers from May 2024 as and when release soon which applicable for all bank employees. This is applicable for the next quarter from May 2024 after announcing price index numbers.

4 thoughts on “DA for Bankers from Feb 2024 with Formula and Chart”

  1. Sir,
    Could you please upload the chart for DA for Bank Employees from 1999 onwards under successive wage revisions?

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

    Reply

Leave a Comment