Expected DA (Dearness Allowance) from November 2014 for Bank Employees: In this post, we are providing you expected increase in the Dearness Allowance of Bank Employees from the month of November 2014, this is based on the assumptions and on past trends of CPI.
CPI for July 2014: CPI for the month of July’14 was announced as 5752.12 (252).
CPI for August 2014: CPI for the month of August’14 has been announced as 5774.95 (253) on 30.09.2014.
Relation of DA with CPI: The DA slabs payable for the period of November 2014 to January 2015 are based on the average increase of CPI for the month of July 2014 to September 2014. So based on the trends of two months even if CPI data remain same for the months of September 2014 as of August 2014 (i.e. 5774.95) than the expected (tentatively) increase in DA Slabs comes to 49 and in terms of percentage the increase of DA is 7.35% for the month of November 2014 to January 2015.