HomeBank NewsBank D.A. to decrease 7 slabs for May to July 2016

Bank D.A. to decrease 7 slabs for May to July 2016

Bank D.A. to decrease 7 slabs for May to July 2016

Now CPI for all the three months has been announced for relevant months and the same is as follows:-

Month CPI
January 2016 6140.17
February 2016 6094.52
March 2016 6117.34

Based on the above calculations the revised DA is to be @ 41.90%, for the months of May, 2016 to July 2016. [The DA for February 2016 to April 2016 was 42.60%] i.e. decrease of 0.70%. (decrease of 7 slabs)

Source : http://paycommissionupdate.blogspot.in

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