Many readers (especially junior employees) raise doubts about the meaning of
“Merger of D.A at 4879 points” as mentioned in 07.03.2013 talks..
Also comment on the delay in the process of wage revision talks.
Hence I will post about the significane of merger of D.A. with Basic Pay,
And the process of wage revision talks in the banking industry.
Those who already know about these subjects may explain to their juniors in the branches.
Others pl. read/understand and tell others.Before that for ur inderstanding I give below the details of how D.A is calculated.
RE-POSTED:
“Merger of D.A at 4879 points” as mentioned in 07.03.2013 talks..
Also comment on the delay in the process of wage revision talks.
Hence I will post about the significane of merger of D.A. with Basic Pay,
And the process of wage revision talks in the banking industry.
Those who already know about these subjects may explain to their juniors in the branches.
Others pl. read/understand and tell others.Before that for ur inderstanding I give below the details of how D.A is calculated.
RE-POSTED:
KNOW HOW D.A. IS CALCULATED!
- Labour Department will release Consumer Price Index
(No.)
every month ,based on year 2001.
- Jan,Feb,March is one quarter. Likewise there are 4
quarters.
3.Difference between
average CPI over average of previous quarter is called increase.
5.Conversion factor to year 2001 is Index No .X 4.63 X 4.93
6.For every increase of 4 points 1 slab at the rate of 0.15% is given as D.A
7.Since everymonth’s
CPI is announced on the last day of next month D.A is given effect on the subsequent
month. i.e 2 months later.
EXAMPLE:
for D,A Feb 2012:
APR MAY JUN JULY AUG SEP OCT NOV DEC
APR MAY JUN JULY AUG SEP OCT NOV DEC
---------------------------------------------------------------------------
186 187 189 193 194 197 198 199 197
--------------------------------------------------------------------------- Feb,Mar,Apr.
Average of Oct,Nov,Dec 2011 =198
On conversion =Average O N D 2011(198X4.93X4.63) = 4519.53
186 187 189 193 194 197 198 199 197
--------------------------------------------------------------------------- Feb,Mar,Apr.
Average of Oct,Nov,Dec 2011 =198
On conversion =Average O N D 2011(198X4.93X4.63) = 4519.53
D.A already paid for Nov.
2011 (i.e average of
Jul,Aug,Sep)= 401 slabs = 401X4+2836 = 4440.00
(2836 is already
merged point in 9th b,p)
Increase
= 79.53
Slabs
=79.53/4=19.88=19
(ONLY WHOLE NUMBERS ARE TAKEN.
DECIMELS ADJUSTED IN THE NEXT MONTH )
HENCE INCREASE FOR Feb 2012 is 19x0.15=2.85% of(B.P+SPL.ALLOW.+PQP)
Toal D.A for Feb,Mar,Apr 2012=401+19=420
slabs=60.15%+2.85%=63%
****************************************************
6 comments:
thank you, nice information
Thank you very much for giving valuable information. I am a newly recruited person in bank. By reading this, I got an idea about the DA caluclation. Thank you once again.-RAJNIKANTH GANGINENI
Thank You Very Much for making us aware of all these valuable information with detailed study.
The topic is informative. Is there any other method?
How conversion factors are arrived at?(4.63 & 4.93)
Sir, I am an Ex Service men.I have newly joined the bank service.Can any member of any bank tell what is the IBA circular for Graduate increment/any reference or if possible full circular can be posted at this valuable platform.I did Graduation in single sitting(1 Year) from Osmania University Hyderabad,This 01 year Graduation was recognised by UGC till 1995-96, I did in the year 1991. Bank has not given me Graduate increment saying this was not 03 years course.But Why then a govt body like UGC recognised 01 year Graduation.It is now stopped w.e.f 1995-1996.
What is my fault?Kindly help and oblige, Thanks in anticipation.
Fake notes deduct machines should be provided to every branch of Pnb.
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