Likely Dearness Allowance for Bankers From Nov 2011 to Jan 2012


WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS FROM NOVEMBER, 2011 To JANUARY, 2012

 
  
In 2009 and 2010, we used to project  the likely increase in DA, and were always on dot.  However, we stopped the same for last few months as we could have gone wrong any time in future projections, and could be dubbed as speculators.    However, we have been receiving number of emails wherein our readers have wished that we should revive the same even at the risk of being wrong sometimes.  

 
   Therefore, we are once again projecting the DA that is likely to be payable from November, 2011.  Although, it is absolutely impossible to predict such things as inflation figures widely fluctuate and are released by government, yet as requested by our readers and based on the trends so far released, we give below our PROJECTIONS  for the DA.  However, we would like toCAUTION our readers that inflation, especially food inflation, has been fluctuating widely, and thus at this stage it is very difficult to predict the inflation rate.

 
   The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of September, 2011.   However, based on the CPI already announced for the month of July, 2011 and August, 2011, we are doing this guess work.   

 
The CPI announced so far  are as follows:-

 
Month
CPI
July, 2011
4405
August, 2011
4428
September, 2011
4428  (Projected)

 

 
There has been sharp increase in CPI in the month of July, 2011, and small increase in August, 2011.  Assuming that there will be no marginal increase in  CPI for August, 2011 the revised DA is likely to be around 59.40%, for the months of November, December, 2011 and January, 2012 (i.e. increase of 36 slabs).   [The present DA is  54.00% for the months of August, September and October, 2011].  The projected DA is as follows:

 

 

OFFICER STAFF:
Actual DA for 
Likely DA for 
Increase in DA
Officers
Aug., Sept., Oct.,  2011
Nov., Dec.,
2011 Jan.,  2012
Stage
Scale
Basic Pay
54.00%
59.40%
5.40%
DA Amount
 Payable
DA Amount Payable
DA Amount Payable
1
I,II,III
14500
7830.00
8613.00
783.00
2
I,II,III
15100
8154.00
8969.40
815.40
3
I,II,III
15700
8478.00
9325.80
847.80
4
I,II,III
16300
8802.00
9682.20
880.20
5
I,II,III
16900
9126.00
10038.60
912.60
6
I,II,III
17500
9450.00
10395.00
945.00
7
I,II,III
18100
9774.00
10751.40
977.40
8
I,II,III
18700
10098.00
11107.80
1009.80
9
I,II,III
19400
10476.00
11523.60
1047.60
10
I,II,III
20100
10854.00
11939.40
1085.40
11
I,II,III
20900
11286.00
12414.60
1128.60
12
I,II,III
21700
11718.00
12889.80
1171.80
13
I,II,III
22500
12150.00
13365.00
1215.00
14
I,II,III
23300
12582.00
13840.20
1258.20
15
I,II,III
24100
13014.00
14315.40
1301.40
16
I,II,III
24900
13446.00
14790.60
1344.60
17
I,II,III
25700
13878.00
15265.80
1387.80
18
I,II,III
26500
14310.00
15741.00
1431.00
19
I,II,III
27300
14742.00
16216.20
1474.20
20
I,II,III
28100
15174.00
16691.40
1517.40
21
I,II,III
28900
15606.00
17166.60
1560.60
22
I,II,III
29700
16038.00
17641.80
1603.80
23
I,II,III
30600
16524.00
18176.40
1652.40
24
I,II,III
31500
17010.00
18711.00
1701.00
25
I,II,III
32400
17496.00
19245.60
1749.60
26
I,II,III
33300
17982.00
19780.20
1798.20
27
I,II,III
34200
18468.00
20314.80
1846.80
28
I,II,III
35100
18954.00
20849.40
1895.40
1
IV
30600
16524.00
18176.40
1652.40
2
IV
31500
17010.00
18711.00
1701.00
3
IV
32400
17496.00
19245.60
1749.60
4
IV
33300
17982.00
19780.20
1798.20
5
IV
34200
18468.00
20314.80
1846.80
6
IV
35200
19008.00
20908.80
1900.80
7
IV
36200
19548.00
21502.80
1954.80
1
V
36200
19548.00
21502.80
1954.80
2
V
37200
20088.00
22096.80
2008.80
3
V
38200
20628.00
22690.80
2062.80
4
V
39300
21222.00
23344.20
2122.20
5
V
40400
21816.00
23997.60
2181.60
1
VI
42000
22680.00
24948.00
2268.00
2
VI
43200
23328.00
25660.80
2332.80
3
VI
44400
23976.00
26373.60
2397.60
4
VI
45600
24624.00
27086.40
2462.40
5
VI
46800
25272.00
27799.20
2527.20
1
VII
46800
25272.00
27799.20
2527.20
2
VII
48100
25974.00
28571.40
2597.40
3
VII
49400
26676.00
29343.60
2667.60
4
VII
50700
27378.00
30115.80
2737.80
5
VII
52000
28080.00
30888.00
2808.00

 
WORKMAN STAFF :


 
Actual DA for 
Likely DA for 
Increase in DA
Aug., Sept., Oct.,  2011
Nov., Dec., 2011
Jan.,  2012
Stage
Post
Basic Pay
54.00%
59.40%
5.40%
DA Amount
 Payable
DA Amount
 Payable
DA Amount Payable
1
Clerk
7200
3888.00
4276.80
388.80
2
Clerk
7600
4104.00
4514.40
410.40
3
Clerk
8000
4320.00
4752.00
432.00
4
Clerk
8400
4536.00
4989.60
453.60
5
Clerk
8900
4806.00
5286.60
480.60
6
Clerk
9400
5076.00
5583.60
507.60
7
Clerk
9900
5346.00
5880.60
534.60
8
Clerk
10500
5670.00
6237.00
567.00
9
Clerk
11100
5994.00
6593.40
599.40
10
Clerk
11700
6318.00
6949.80
631.80
11
Clerk
12300
6642.00
7306.20
664.20
12
Clerk
13000
7020.00
7722.00
702.00
13
Clerk
13700
7398.00
8137.80
739.80
14
Clerk
14400
7776.00
8553.60
777.60
15
Clerk
15100
8154.00
8969.40
815.40
16
Clerk
15800
8532.00
9385.20
853.20
17
Clerk
16500
8910.00
9801.00
891.00
18
Clerk
17200
9288.00
10216.80
928.80
19
Clerk
18500
9990.00
10989.00
999.00
20
Clerk
19300
10422.00
11464.20
1042.20
21
Clerk
20100
10854.00
11939.40
1085.40
22
Clerk
20900
11286.00
12414.60
1128.60
23
Clerk
21700
11718.00
12889.80
1171.80
24
Clerk
22500
12150.00
13365.00
1215.00
25
Clerk
23300
12582.00
13840.20
1258.20
26
Clerk
24100
13014.00
14315.40
1301.40
27
Clerk
24900
13446.00
14790.60
1344.60
1
Sub-Staff
5850
3159.00
3474.90
315.90
2
Sub-Staff
6050
3267.00
3593.70
326.70
3
Sub-Staff
6250
3375.00
3712.50
337.50
4
Sub-Staff
6450
3483.00
3831.30
348.30
5
Sub-Staff
6650
3591.00
3950.10
359.10
6
Sub-Staff
6900
3726.00
4098.60
372.60
7
Sub-Staff
7150
3861.00
4247.10
386.10
8
Sub-Staff
7400
3996.00
4395.60
399.60
9
Sub-Staff
7650
4131.00
4544.10
413.10
10
Sub-Staff
7900
4266.00
4692.60
426.60
11
Sub-Staff
8200
4428.00
4870.80
442.80
12
Sub-Staff
8500
4590.00
5049.00
459.00
13
Sub-Staff
8800
4752.00
5227.20
475.20
14
Sub-Staff
9100
4914.00
5405.40
491.40
15
Sub-Staff
9450
5103.00
5613.30
510.30
16
Sub-Staff
9800
5292.00
5821.20
529.20
17
Sub-Staff
10150
5481.00
6029.10
548.10
18
Sub-Staff
10550
5697.00
6266.70
569.70
19
Sub-Staff
10950
5913.00
6504.30
591.30
20
Sub-Staff
11350
6129.00
6741.90
612.90
21
Sub-Staff
11750
6345.00
6979.50
634.50
22
Sub-Staff
12150
6561.00
7217.10
656.10
23
Sub-Staff
12550
6777.00
7454.70
677.70
24
Sub-Staff
12950
6993.00
7692.30
699.30
25
Sub-Staff
13350
7209.00
7929.90
720.90
26
Sub-Staff
13750
7425.00
8167.50
742.50
27
Sub-Staff
14150
7641.00
8405.10
764.10
Special Pay for Clerical & SubStaff
CTO-B (with passing powers)/SWO
500
270.00
297.00
27.00
Head Cashier II
780
421.20
463.32
42.12
Special Assistant
1180
637.20
700.92
63.72
All other existing Spl Pay holders
500
270.00
297.00
27.00
0.00
0.00
0.00
Bill Collectors / Armed Guard
240
129.60
142.56
12.96
Daftary
340
183.60
201.96
18.36
Head Peon
4550
2457.00
2702.70
245.70
Head Messenger in IOB
1000
540.00
594.00
54.00
Electrician / AC Plant Helper
1250
675.00
742.50
67.50
Driver
1450
783.00
861.30
78.30
All other existing spl pay holders (substaff)
350
189.00
207.90
18.90
0.00
0.00
0.00
Graduation Pay / PQA -after 1 year
250
135.00
148.50
13.50
Graduation Pay / PQA -after 2 year
490
264.60
291.06
26.46
Graduation Pay / PQA -after 3 year
740
399.60
439.56
39.96
Graduation Pay / PQA -after 4 year
990
534.60
588.06
53.46
Graduation Pay / PQA -after 5 year
1230
664.20
730.62
66.42





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