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HomePersonal FinanceGood news for Govt. employees! Diwali gift to more than 8 lakh...

Good news for Govt. employees! Diwali gift to more than 8 lakh employees, more jump in DA than before, know details

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Diwali Gift news Before Diwali (Diwali 2021), lakhs of bankers have also got a big gift. Their Dearness Allowance DA has been increased. More than 8 lakh bankers and other staff will benefit from this.



Lakhs of bankers have also got a big gift before Diwali 2021. Their Dearness Allowance, DA has been increased. More than 8 lakh bankers and other staff will benefit from this. This dearness allowance is for November, December and January 2021. The special thing is that this time the dearness allowance has gone up to 30.38 percent.

According to the order of the Indian Banks Association (IBA), this time there has been an increase of 37 slabs in dearness allowance. Last time there was an increase of 30 slabs for August, September and October. This increase has come after the release of AIACPI (All India Average Consumer Price Index) data.

According to IBA, AIACPI average for July, August and September for industrial worker is 8088.04. This increases the DA from 397 slabs to 434 slabs (8088.04 — 6352= 1736.04/4 = 434 Slabs). According to IBA, the DA for August, September and October 2021 was 397 slabs. This has increased it by 37 slabs. That is, his DA has increased to 30.38 percent. Accordingly, the DA of government bankers has increased by more than 3 percent.


Calculation of DA

YES 8088.04 – 6352 = 1736.04 / 4 = 434 Slabs

Slabs in the last quarter : 434

Increase in DA = 434-397 = 37 Slabs (30.38%)

How much will the salary increase

According to Brijeshwar Sharma, Senior Advisor, HR Department of IBA, the monthly salary of a Probationary Officer working in a government bank is 40 to 42 thousand rupees per month. According to senior advisor Brijeshwar Sharma, his basic is around Rs 27,620 per month. More than 3 percent increase in DA will affect the salary. According to Senior Advisor Brijeshwar Sharma, Bank PO also gets 4 increments during the entire service. After promotion the maximum basic pay goes up to Rs 42020.


Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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