Expected DA for Bankers A Huge Hike Awaits – Latest Update

Business Information Slider

Amid the news of merger of some public sector banks in India, it is somewhat a welcome message that Expected DA for Bankers will see a huge hike for the period from November 2018 to January 2019.

The consumer price index (CPI) of the month August 2018 was announced on 30th September 2018 and the CPI was 301 where as the CPI of July 2018 was 301 . So there is no doubt that DA will see an unprecedented hike.

Now if we assume the CPI of Sep 2018 be 301, taking conservative value and calculate the DA for the period from November 2018 to January 2019, we will get a huge hike compared to previous DA for bankers.

DA for Bankers : Calculate Yours

DA for Bankers : Calculate Yours

How to calculate Expected DA for Bankers:

Lets have a look how DA for bankers will be calculated for the aforementioned period.

We have, CPI for July 2018 = 301

CPI for August 2018= 301

CPI for September 2018 = 301 (Assumption, will be declared on 31st October 2018)

So we get total for 3 months= 903

Then, DA= {(903*4.63*4.93) – (4440*3)}  /  (12*10)

= (20611.7877    –   13320)  /   120

= 7291.7877   /   120

= 60.7648975

= 60.8 (rounded off)

So, if the CPI for September 2018 does not change then the DA will be 60.8% and since DA for Aug 2018- Oct 2018 was 54.1% which shows a hike of DA of 6.7% at  least bankers can expect.

Read Also : How To Create Movies, Animations, Collages Using Google Photos

Now we will show some more probable calculations regarding DA

1) CPI of July  =  301,  CPI of Aug  =  301 , CPI of Sep =302 (assume)

then, DA=61%  (increase of 6.9%, since previous DA was 54.1%)

 

2) CPI of July =  301, CPI of Aug =  301, CPI of Sep  =  303 (assume)

then, DA  =  61.1%  (increase of 7%, since previous DA was 54.1%)

 

3) CPI of July  =  301,  CPI of Aug =  301, CPI of Sep  =  300  (assume)

then, DA=60.6%   (increase of 6.5%, since previous DA was 54.1%)

 

4) CPI of July =301, CPI of Aug= 301, CPI of Sep  = 299  (assume)

then, DA = 60.4% (increase over 6.3%, since previous DA was 54.1%)

Here is a link of an excel sheet, download and you can put your values and calculate Expected DA for Bankers as you want.

Read Also : Never Eat These Foods in Raw Form

Read Also : India To Send Humans To Space In 4 Years

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*