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Bank DA from February 2014

Actual DA for Bankers from February 2014 to April 2014 is kept@99.90% with increase of 3.75% or 25 slabs.

Banker’s expected Dearness Allowance (DA) from February 2014 to April 2014 will be calculated approximately 25 SLABS increment from October 2013. Ministry of Labor and Employment has released the  All India Consumer price Index Number (IW) Base 2001 =100 for the month of November 13.

It is kept at 243 points compare to 241 points in October 2013.

Expected Bank DA : Based on the figure it is believed that the DA for the month of FEB 2014 would be :
 
Month            CPI
 
OCT 13           5501.04
NOV 13           5546.69
Dec 13             5455
 
Based on the above figure the Expected DA for Bank employees would be increased by 34 slabs to  99.90% from present level (96.15%).

About raj

CAIIB certified bankers by profession. This blog was started to help individuals from complicated financial and Banking terminologies. Updates on Taxation, Investment Ideas, Mutual Fund and Financial Planning.

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