Bank DA Calculation from May 2018

Bank DA Calculation from May 2018

The All India Consumer Price Index for the month of March 2018 has been released by Labour Bureau yesterday. The index remained unchanged at the point of 287.

M/Y	Jan-2018	Feb-2018	Mar-2018
CPI	288	287	287
Conversion	6573.86	6551.03	6551.03
Average	—	—	6558.64
Minus 4440	—	—	2118.64
Divided by 4	—	—	530.00
DA %	—	—	53.00%

 Dearness Allowance for workmen and officer employees in banks

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2018	May, June, July 2018	6558	530	53.0
2018	February, March April 2018	6551	527	52.7
2017	November, December 2017, January 2018	6505	516	51.6
2017	August September October 2017	6353	478	47.8
2017	May June July 2017	6261	456	45.6
2017	February March April 2017	6315	469	46.9
2016-17	November, December 2016, January 2017	6353	478	47.8
2016	August, September, October 2016	6261	455	45.5
2016	May, June, July 2016	6117	420	42.0
2016	February, March, April 2016	6147	426	42.6