DA for Bankers from February 2020 to April 2020
DA Bank ( Dearness Allownce As per IBA circular) for workmen and officer Employees in banks for the month of February, March and April 2020 has been decided.
On the basis of CPI data All india average CPI (consumer price index) for the months of October to December 2019 (base 1960=100).
Total 759 slabs DA on basic and special allowances for the bank staff. The last quarterly payment of DA was at 723 Slabs.
Hence there is an increase in DA slabs of 42 slabs. (DA increase 4.2%)
That Means for the period of February 2020 to April 2020, Bank staff is eligible for 75.9% DA which means 42 slabs( 4.2%) increase over the previous quarter.
DA for bank Employees feb 2020 to Apr 2020
The rate of Dearness Allowance payable to staff and officers for the months of February, March and April 2020 shall be 75.9 % of ‘Basic pay’.
While arriving at dearness allowance payable, decimals from third place may please be ignored.