Bankers likely to get 3.15% D.A. from May 2011 onwards

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There is a possibility of 3.15% [21 slabs]increase in D.A. for Bank employees for May, June and July 2011

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of March, 2011. However, based on the CPI already announced for the month of July, 2010 and August, 2010, we are doing this guess work. The CPI announced so far are as follows:-

Month - CPI

January, 2011 - 4291

February, 2011 - 4222

March, 2011 -

The CPI has gone done in February, 2011. The previous trends show that CPI is likely to remain at February, 2011 level or increase slightly. Assuming that there will be marginal increase in CPI for March, 2011 the revised DA is likely to be around 53.10%, for the months of May, June and July, 2011 (i.e. increase of 21 slabs). [The present DA is 49.95% for the months of February, March and April, 2011).

Source : Allbankingsolution.com

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