Expected DA for bankers from Nov-19 to Jan-20

DA for Bank Employees is expected to increase by around 3% for the quarter, November 2019 to January 2020.

CPI Data released for the month of July 2019 is 319, 3 points up from June 2019.

DA increased for Bankers from Nov-19 to Jan-20

Assuming that CPI will remain at same level for the month of August and September 2019, DA for bankers will be 710 slabs or 71% i.e., and increase of 2.90% from current quarter.

Assuming that CPI will increase by 1 points each month for August and September, Dearness Allowance from November 2019 will increase by 3.50%.

Assuming that CPI will increase by 2 points each for the the month of August and September, DA will increase by 4.1% from November 2019.

We’ll update the Expected Dearness Allowance for Bankers next month on release of CPI for the month of August 2019.