Expected DR from February 2021

Expected Dearness Relief from February 2021

AICPI for IW for December 2020 : Base 2016=100 is 118.8

Base 1960 :100 works out to 7855.76 as per converting formula 119.5 x 2.88 x 4.63 x 4.93 = 7855.76 or 7855.

It is difficult to anticipate what would be the exact CPI figures for the months of November and December, 2020.

Let us presume that the average of indices for 3 months from October to December, 2020, that is, for the quarter ending Dec.2020 is 7855.76 or 7855, exactly the same as of October, 2020.

Also Read and Check DA Table : Bank Employees Dearness Allowance Payable from 1st February 2021 to 30th April 2021

The previous average index, on which we got 16 slabs increase in DR from August, 2020 was at 7540.

Thus, there is possibility of 7855 minus 7540 = 315 points increase.

That is to say, 315/4= 78.75: i.e. 78 slabs increase in DR from Feb.2021.

We may recall that we had got 78 slabs in crease this year in and from February to July, 2020.

Exact position will be known when Dec 2020 index figure is announced mostly on 29th January, 2021 (Friday), 31st being Sunday.

Source: http://licpensionerscalicut.blogspot.com/

Bank DA Rate Chart

D.A. Rates for Bank Staff and Officers

DA for bank employees Nov, Dec 2019 & Jan 2021 – 81.9%
DA for bank employees Aug, Sep, Oct 2020 – 77.5%
DA for bank employees May, Jun, Jul 2020 – 76.1%
DA for bank employees Feb, Mar, Apr 2020 – 75.9%
DA for bank employees Nov, Dec 2019 & Jan 2020 – 71.7%
DA for bank employees Aug, Sep, Oct 2019 – 68.1%
DA for bank employees May, Jun, Jul 2019 – 64.5%
DA for bank employees Feb, Mar, Apr 2019 – 61.1%
DA for bank employees Nov, Dec 2018 & Jan 2019 – 60.7%
DA for bank employees Aug, Sep, Oct 2018 – 54.1%
DA for bank employees May, Jun, Jul 2018 – 52.9%
DA for bank employees Feb, Mar, Apr 2018 – 52.7%
DA for bank employees Nov, Dec 2017 & Jan 2018 – 51.6%