# DA for Bankers from May 2024 with Formula and Chart

Find new DA for Bankers from May 2024 (01.05.2024) to July 2024, Just check the present and new May 2024 DA for Bank employee and the number of slabs taken after the announcement of AICPIN on 07.06.2024…

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 48.51% from February 2024 to April 2024, where the confirmed DA for Bankers from May 2024 was recorded at 0.23%, which calculates on the basis of Bank employee basic salary.

In this quarter, the Bank DA for employees may hold an expected increase in Dearness Allowance in their salary from August 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.

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 August 2024 as and when released soon which applicable for all bank employees. This is applicable for the next quarter from August 2024 after announcing price index numbers.

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

1. VERY MUCH USEFUL.

2. 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.

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