Bank Employees DA for August 2019

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.

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