DA for Bankers from May 2020 to July 2020
DA Bank ( Dearness Allownce As per IBA circular) for workmen and officer Employees in banks for the month of May, June and July 2020 has been decided.
On the basis of CPI data All india average CPI (consumer price index) for the months of January to March 2020 (base 1960=100).
Total 761 slabs DA on basic and special allowances for the bank staff. The last quarterly payment of DA was at 759 Slabs.
Hence there is an increase in DA slabs of 2 slabs. (DA increase 0.2%)
That Means for the period of May 2020 to July 2020, Bank staff is eligible for 76.1% DA which means 2 slabs (0.2%) increase over the previous quarter.
DA for bank Employees May 2020 to July 2020
The rate of Dearness Allowance payable to staff and officers for the months of May, June and July 2020 shall be 76.1 % of ‘Basic pay’.
While arriving at dearness allowance payable, decimals from third place may please be ignored.
Bank DA for the period of May 2020 to July 2020, Bank staff is eligible for 76.1% DA which means 2 slabs (0.2%) increase DA for bank Employees may 2020 to july 2020