DA for Bank Employees from August 2018 – Update on 01/08/2018

DA for Bank Employees from August 2018 – Update on 01/08/2018

All India Consumer Price Index Numbers for Industrial Workers – CPI(IW) for June 2018 increased by two points and pegged at 291, based on the DA Calculation formula the DA for bank employees as on June 2018 is 54.1%.

As per the calculation, 1.2% increase from August 2018 is confirmed. DA for Bank Employees is increased by 12 slabs from August 2018 to October 2018.

DA slabs for the next quarter, August 2018 to October 2018 will be 541 i.e., 54.10%.

However, we have to wait for the official confirmation.

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2018	August September October		541	54.1
2018	May June July	6559	529	52.9
2018	Feb March April	6551	527	52.7
2017	November, December 2017 & January 2018	6505	516	51.6
2017	August September October	6353.21	478	47.8
2017	May June July	6261.91	456	45.6
2017	February March April	6315	469	46.9
2016-17	Nov Dec Jan	6353	478	47.8
2016	Aug Sep Oct	6261.9	455	45.5
2016	May June July	6117	420	42
2016	Feb Mar Apr	6147	426	42.6
2015-16	Nov Dec Jan	6033	398	39.8
2015	Aug Sep Oct	5896	364	36.4
2015	May Jun Jul	5790.17	738	110.7
2015	Feb Mar Apr	5774.95	734	110.1
2014-15	Nov Dec Jan	5767	732	109.8
2014	Aug Sept Oct	5569.52	683	102.45
2014	May Jun Jul	5432.56	650	97.5
2014	Feb Mar Apr	5501.04	666	99.9
2013-14	Nov Dec Jan	5402.13	641	96.15
2013	Aug Sept Oct	5211.91	593	88.95
2013	May Jun Jul	5082.57	561	84.15
2013	Feb Mar Apr	4976.05	535	80.25
2012-13	Nov Dec Jan	4877	510	76.5
2012	Aug Sept Oct	4709	468	70.2
2012	May June Jul	4549	428	64.2
2012	Feb Mar Apr	4519	420	63