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Bank Employees Dearness allowance August 2019

August 20, 2019 by wpadmin Leave a Comment

Bank Employees DA for August 2019

DA Orders for bank employees from August to October 2019 under 10th BPS

Dearness allowance orders issued by Indian Banks’ Association to bank worker and officers for the month of August, September and October 2019 under X BPS.

Dearness allowance calculation for bank employees is slightly different from the Central Government employees’ DA calculation. Bank DA is still calculate depends on the old CPI base year 1960=100. So, conversion needed to old to new CPI for Average index.

The below table shows the Bank DA calculation method for the month of August, September and October 2019…

M/Y JUL-19 AUG-19 SEP-19
CPI (IW) BY 2001=100 312 314 316
Converted to CPI BY 1960=100 7121.68 7167.33 7212.98
Average CPI — — 7167.33
Minus 4440 — — 2727.33
DA Slabs (Divided by 4) — — 681.00
DA % — — 68.10%

As per the settlement of 10th Bipartite, the rate of Dearness allowance payable to workmen and officers for the months of August, September and October 2019 will be 68.10% of Pay.

Related posts:

  1. Expected DA for Bankers from May 2019
  2. DA For Bank Employees From Nov 2018 to Jan 2019
  3. Bank DA Expected to Go Up with 65 Slabs For Jan 2019
  4. Charter of Demands and Fixed Pay & Variable Pay Scheme/Performance Linked Emoluments – IBA

Filed Under: Bank DA Orders, Bank Employees News Tagged With: Bank DA Calculation, Bank DA Orders 2019, IBA Circulars

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