DA Increase for Bankers from November 2013 to January 2014

Dearness Allowance (DA) Increase for Bankers from November 2013 to January 2014.

Now Consumer Price Index (CPI) for July, August and September 2013 has been announced for relevant months.

DEARNESS ALLOWANCE

Consumer Price Index (CPI) Numbers for the quarter ended Sept. 2013 for your information.

Month Index as per 2001 series Conversion factor Index as per 1960 series
July 2013 235 4.63 X 4.93 5364.08
August 2013 237 4.63 X 4.93 5409.73
September 2013 238 4.63 X 4.93 5432.56
Total 16206.37
Average

16206.37/3

5402.12
  • Difference in excess of 2836 points: 2566.12
  • D.A. paid for the previous quarter on difference (593 X 4): 2372.00
  • Difference: 194.12
  • Increase in number of slabs (194.12/4):  48.53 i.e. 48

Based on the above calculations the new DA will be @ 96.15%, for the months of November, 2013 to January 2014. [The DA for August 2013 to October 2013 was 88.95%] i.e. increase of 7.20 %. (increase of 48 slabs).

1 Comments

  1. Snigdha Kundu says:

    Sir pls update the current affairs of October bcoz i ve ibps exam on 10th Nov.
    Thanking u.

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