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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