Projected DA From Fab 2014

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS AND WORKMEN  

FROM February 2014 to April,  2014 

We have been writing that  now a days it is extremely difficult to predict such things as inflation figures widely fluctuate and are released by government.  However, on the request of our readers and based on the trends so far released, we give below our PROJECTIONS  for the DA.  However, we would like to CAUTION our readers that inflation, especially food inflation, has been fluctuating widely, and thus at this stage it is very difficult to predict the inflation rate.

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of December 2013.   However, based on the CPI already announced for the month of October  2013 and November, 2013, we are doing this guess work.   The CPI announced and projected so far  are as follows:-

Month CPI
October, 2013 5501.04
November,  2013 5546.69
December 2013 5569.52  (Projected)             

There has been good increase in CPI in the month of October and November 2013.   The trends of previous years indicate that in December, the inflation usually marginally increases, although in view of high inflation rate in last few months, there may be increase for more than what we are estimating now.   Assuming that there will be again only marginal increase  in  CPI for December,  2013, the revised DA is likely to be around 101.25%, (increase of 34 slabs) for the months of February 2014 to April, 2014 (i.e. increase of  34 slabs).  

 [The present DA is  96.15% for the months of  November 2013 to January 2014].  The PROJECTED DA is as follows:

Actual DA for 

Projected DA for 

Increase in DA

Officers

From November 2013

From February,  2014

Stage

Scale

Basic Pay

96.15%

101.25%

5.10%

DA Amount Payable

DA Amount Payable

DA Amount Payable

1

I,II,III

14500

13941.75

14681.25

739.50

2

I,II,III

15100

14518.65

15288.75

770.10

3

I,II,III

15700

15095.55

15896.25

800.70

4

I,II,III

16300

15672.45

16503.75

831.30

5

I,II,III

16900

16249.35

17111.25

861.90

6

I,II,III

17500

16826.25

17718.75

892.50

7

I,II,III

18100

17403.15

18326.25

923.10

8

I,II,III

18700

17980.05

18933.75

953.70

9

I,II,III

19400

18653.10

19642.50

989.40

10

I,II,III

20100

19326.15

20351.25

1025.10

11

I,II,III

20900

20095.35

21161.25

1065.90

12

I,II,III

21700

20864.55

21971.25

1106.70

13

I,II,III

22500

21633.75

22781.25

1147.50

14

I,II,III

23300

22402.95

23591.25

1188.30

15

I,II,III

24100

23172.15

24401.25

1229.10

16

I,II,III

24900

23941.35

25211.25

1269.90

17

I,II,III

25700

24710.55

26021.25

1310.70

18

I,II,III

26500

25479.75

26831.25

1351.50

19

I,II,III

27300

26248.95

27641.25

1392.30

20

I,II,III

28100

27018.15

28451.25

1433.10

21

I,II,III

28900

27787.35

29261.25

1473.90

22

I,II,III

29700

28556.55

30071.25

1514.70

23

I,II,III

30600

29421.90

30982.50

1560.60

24

I,II,III

31500

30287.25

31893.75

1606.50

25

I,II,III

32400

31152.60

32805.00

1652.40

26

I,II,III

33300

32017.95

33716.25

1698.30

27

I,II,III

34200

32883.30

34627.50

1744.20

28

I,II,III

35100

33748.65

35538.75

1790.10

1

IV

30600

29421.90

30982.50

1560.60

2

IV

31500

30287.25

31893.75

1606.50

3

IV

32400

31152.60

32805.00

1652.40

4

IV

33300

32017.95

33716.25

1698.30

5

IV

34200

32883.30

34627.50

1744.20

6

IV

35200

33844.80

35640.00

1795.20

7

IV

36200

34806.30

36652.50

1846.20

1

V

36200

34806.30

36652.50

1846.20

2

V

37200

35767.80

37665.00

1897.20

3

V

38200

36729.30

38677.50

1948.20

4

V

39300

37786.95

39791.25

2004.30

5

V

40400

38844.60

40905.00

2060.40

1

VI

42000

40383.00

42525.00

2142.00

2

VI

43200

41536.80

43740.00

2203.20

3

VI

44400

42690.60

44955.00

2264.40

4

VI

45600

43844.40

46170.00

2325.60

5

VI

46800

44998.20

47385.00

2386.80

1

VII

46800

44998.20

47385.00

2386.80

2

VII

48100

46248.15

48701.25

2453.10

3

VII

49400

47498.10

50017.50

2519.40

4

VII

50700

48748.05

51333.75

2585.70

5

VII

52000

49998.00

52650.00

2652.00

(Source :   Allbankingsolutions.com)

Actual DA for 

Projected DA for 

Increase in DA

Officers

Existing

From November 2013

From February,  2014

Stage

Scale

Basic Pay

96.15%

101.25%

5.10%

DA Amount Payable

DA Amount Payable

DA Amount Payable

1

Clerk

7200

6922.80

7290.00

367.20

2

Clerk

7600

7307.40

7695.00

387.60

3

Clerk

8000

7692.00

8100.00

408.00

4

Clerk

8400

8076.60

8505.00

428.40

5

Clerk

8900

8557.35

9011.25

453.90

6

Clerk

9400

9038.10

9517.50

479.40

7

Clerk

9900

9518.85

10023.75

504.90

8

Clerk

10500

10095.75

10631.25

535.50

9

Clerk

11100

10672.65

11238.75

566.10

10

Clerk

11700

11249.55

11846.25

596.70

11

Clerk

12300

11826.45

12453.75

627.30

12

Clerk

13000

12499.50

13162.50

663.00

13

Clerk

13700

13172.55

13871.25

698.70

14

Clerk

14400

13845.60

14580.00

734.40

15

Clerk

15100

14518.65

15288.75

770.10

16

Clerk

15800

15191.70

15997.50

805.80

17

Clerk

16500

15864.75

16706.25

841.50

18

Clerk

17200

16537.80

17415.00

877.20

19

Clerk

18500

17787.75

18731.25

943.50

20

Clerk

19300

18556.95

19541.25

984.30

21

Clerk

20100

19326.15

20351.25

1025.10

22

Clerk

20900

20095.35

21161.25

1065.90

23

Clerk

21700

20864.55

21971.25

1106.70

24

Clerk

22500

21633.75

22781.25

1147.50

25

Clerk

23300

22402.95

23591.25

1188.30

26

Clerk

24100

23172.15

24401.25

1229.10

27

Clerk

24900

23941.35

25211.25

1269.90

1

Sub-Staff

5850

5624.78

5923.13

298.35

2

Sub-Staff

6050

5817.08

6125.63

308.55

3

Sub-Staff

6250

6009.38

6328.13

318.75

4

Sub-Staff

6450

6201.68

6530.63

328.95

5

Sub-Staff

6650

6393.98

6733.13

339.15

6

Sub-Staff

6900

6634.35

6986.25

351.90

7

Sub-Staff

7150

6874.73

7239.38

364.65

8

Sub-Staff

7400

7115.10

7492.50

377.40

9

Sub-Staff

7650

7355.48

7745.63

390.15

10

Sub-Staff

7900

7595.85

7998.75

402.90

11

Sub-Staff

8200

7884.30

8302.50

418.20

12

Sub-Staff

8500

8172.75

8606.25

433.50

13

Sub-Staff

8800

8461.20

8910.00

448.80

14

Sub-Staff

9100

8749.65

9213.75

464.10

15

Sub-Staff

9450

9086.18

9568.13

481.95

16

Sub-Staff

9800

9422.70

9922.50

499.80

17

Sub-Staff

10150

9759.23

10276.88

517.65

18

Sub-Staff

10550

10143.83

10681.88

538.05

19

Sub-Staff

10950

10528.43

11086.88

558.45

20

Sub-Staff

11350

10913.03

11491.88

578.85

21

Sub-Staff

11750

11297.63

11896.88

599.25

22

Sub-Staff

12150

11682.23

12301.88

619.65

23

Sub-Staff

12550

12066.83

12706.88

640.05

24

Sub-Staff

12950

12451.43

13111.88

660.45

25

Sub-Staff

13350

12836.03

13516.88

680.85

26

Sub-Staff

13750

13220.63

13921.88

701.25

27

Sub-Staff

14150

13605.23

14326.88

721.65


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