Expected Govt Bank Employees DA from February 2018

EXPECTED BANK EMPLOYEES DA FROM FEB 2018- 5 % 

To Calculate Expected Dearness Allowance(DA) of Govt Bank Employees from February 2018 we need All India Consumer Price Index (AICPI) average for last three months i.e October 2017, November 2017 and December 2017.

1.Date from which IDA applicable:Feb 2018​

2.Average AICPI(2001=100) for the quarter October 2017 to  December 2017 
      1.Oct 2017     -287
      2.Nov 2017    -288
      3.Dec 2017    -286

Dearness allowance for bank employee calculated as below

• AICPI  for last three months i.e October 2017, November 2017 and December 2017 are required.
•  Conversion price index with Base year 2001=100 is  4.63 X 4.93​  

• Average of Three month AICPI  = OCT 17 +NOV 17 + DEC 17/3

                                                                   =6551+6551+6551/3
                                                                   =6551

• 6551-4440=2111 (Deducting Average of three month AICPI with 4440 slabs (4440 slabs obtained after which were merged in basic pay in 10th bipartite settlement))
• 2111/4=527.75  (works out for the quarter rounded value by dividing by 4 )
• 527.75 X 0.1 =52.75  (Multiplying with 10% of value )
• 52.75-47.8=5 (Subtract with previous DA to obtain latest increased DA )
• Expected DA from above calculation is  5 percent DA increased​