DA FOR BANK OFFICERS INCREASED BY 32 SLABS

Based on the data available on the Consumer Price Index for Industrial Workers, Dearness Allowance (D.A.) payable to Bank Officers is increased by 32 slabs for the months of February, March and April 2010.

As per the available data, the Consumer Price Index numbers for the months of October, November and December 2009 are as under:

October 2009                   3766               

November 2009               3835

December 2009                3858

With the average CPI for the quarter at 3820, the revised slabs are worked out at 382. Thus there is an increase of 32 slabs in D.A. payable to Bank Officers for the months of February, March and April 2010.

Based on the increase in DA slabs, we have worked out the D.A. payable to the Bank Officers for the quarter ending April 2010. Though IBA has yet to release the circular on D.A., we are sure that the figures worked out here will match the official circular that would be released by IBA shortly.

BASIC	EXISTING DA %	REVISED DA %	DIFFERENCE
	63	68.76
10000	6300.00	6876.00	576.00
10470	6596.10	7199.17	603.07
10940	6892.20	7522.34	630.14
11410	7188.30	7845.52	657.22
11880	7484.40	8168.69	684.29
12350	7780.50	8491.86	711.36
12820	8076.60	8815.03	738.43
13320	8391.60	9158.83	767.23
13820	8706.60	9502.63	796.03
14320	9021.60	9846.43	824.83
14880	9374.40	10231.49	857.09
15440	9727.20	10616.54	889.34
16000	10080.00	11001.60	921.60
16560	10432.80	11386.66	953.86
17120	10785.60	11771.71	986.11
17680	11138.40	12156.77	1018.37
18240	11491.20	12541.82	1050.62
18800	11844.00	12926.88	1082.88
19360	12196.80	13311.94	1115.14
19920	12549.60	13696.99	1147.39
20480	12902.40	14082.05	1179.65
21040	13255.20	14467.10	1211.90
21660	13645.80	14893.42	1247.62
22280	14036.40	15319.73	1283.33
22900	14427.00	15746.04	1319.04
23520	14817.60	16172.35	1354.75
24140	15208.20	16598.66	1390.46
24760	15598.80	17024.98	1426.18
25380	15989.40	17451.29	1461.89
26000	16380.00	17877.60	1497.60
26620	16770.60	18303.91	1533.31
27300	17199.00	18771.48	1572.48
27980	17627.40	19239.05	1611.65
28660	18055.80	19706.62	1650.82
29340	18484.20	20174.18	1689.98
30020	18912.60	20641.75	1729.15
30700	19341.00	21109.32	1768.32
31600	19908.00	21728.16	1820.16
32600	20538.00	22415.76	1877.76
300	189.00	206.28	17.28
750	472.50	515.70	43.20

We shall be placing the official circular here once the same is released by IBA,

We hope that the increased DA may enable the Bank Officers to fight against the spiraling prices to some extent.