How to calculate Bank DA
How to calculate the Dearness Allowance for Bank Employees?
10th BPS Settlement : Dearness Allowance
In substitution of Clause 7 of Bipartite Settlement dated 27th April 2010 with effect from 1st November 2012, the Dearness Allowance shall be payable as per the following rates:-
Clerical and Subordinate Staff 0.10% of ‘pay’
Note: Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 4440 points in the quarterly average of the All India Average Working
Class Consumer Price Index (General) Base 1960=100.
(a) It is clarified that there shall be no ceiling on Dearness Allowance.
(b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.
(c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.
Step:1 : Consumer Price Index (Industrial Workers) BY 2001=100 published by Labour Bureau every month through its official portal. A year divided into 4 quarters. Jan, Feb & Mar likewise 4 segments of 3 months.
Step:2 : Bank DA calculation is based on 1960 CPI. Convert the index with linking factor of 4.63 and 4.93
Step:3 : Total of 3 months CPI
Step:4 : Average of 3 months CPI
Step:5 : Over 4440 points in the quarterly average of Converted CPI
Step 6: Average of 3 months CPI minus with 4440
Step 7: For every increase of 4 points 1 slab – Divided into 4
Step 8: DA paid at the rate of 0.10%
|CPI(IW) x 4.63 x 4.93||Total of 3 Months CPI||3 Months
|Month Year||Merger Points (X BPS)||Average – Merger Points||Convert to Slab
(Divided by 4)
0.10% per Slab