Expected Dearness Allowance(DA) for Bank employees from May 2021

The Dearness allowance to bank employees is paid under the 11th bipartite settlement between bank unions and IBA (Indian Bank’s Association) signed on 11th November 2020. The settlement is effective from November 1, 2017. The dearness allowance is paid based on Consumer Price Index (CPI) no published by the Labor Bureau of India.



Expected Decrease in DA for Bank Employees from May 2021

The CPI (IW) with the base year 2016 for January 2021, February 2021 and March 2021 is 118.20, 119.00 and 119.90 respectively. The expected DA from May 2021 is be 25.62%. The existing DA rate for the period of February 2021 to April 2021 is 26.18%. Hence there shall be a decrease of 0.56% in dearness allowance for the period from May 2021 to July 2021.

The expected decrease in DA and salary for various scales is as under:

Subordinate Staff
Basic Pay Existing DA Expected DA Decrease in Other allowances Decrease in salary
14500 3796.10 3714.90 16.68 97.88
15000 3927.00 3843.00 17.14 101.14
15500 4057.90 3971.10 17.60 104.40
16000 4188.80 4099.20 18.05 107.65
16500 4319.70 4227.30 18.51 110.91
17115 4480.71 4384.86 19.08 114.92
17730 4641.71 4542.43 19.64 118.93
18345 4802.72 4699.99 20.21 122.94
18960 4963.73 4857.55 20.77 126.95
19575 5124.74 5015.12 21.34 130.96
20315 5318.47 5204.70 22.02 135.78
21055 5512.20 5394.29 22.70 140.60
21795 5705.93 5583.88 23.38 145.43
22535 5899.66 5773.47 24.06 150.25
23405 6127.43 5996.36 24.86 155.92
24275 6355.20 6219.26 25.65 161.59
25145 6582.96 6442.15 26.45 167.27
26145 6844.76 6698.35 27.37 173.78
27145 7106.56 6954.55 28.29 180.30
28145 7368.36 7210.75 29.21 186.82
29145 7630.16 7466.95 30.13 193.34
30145 7891.96 7723.15 31.05 199.86
31145 8153.76 7979.35 31.96 206.38
32145 8415.56 8235.55 32.88 212.89
33145 8677.36 8491.75 33.80 219.41
34145 8939.16 8747.95 34.72 225.93
35145 9200.96 9004.15 35.64 232.45
36145 9462.76 9260.35 36.56 238.97
37145 9724.56 9516.55 37.47 245.49
Clerical Staff
Basic Pay Existing DA Expected DA Decrease in Other allowances Decrease in salary
17900 4686.22 4585.98 19.80 120.04
18900 4948.02 4842.18 20.72 126.56
19900 5209.82 5098.38 21.64 133.08
20900 5471.62 5354.58 22.55 139.59
22130 5793.63 5669.71 23.68 147.61
23360 6115.65 5984.83 24.81 155.63
24590 6437.66 6299.96 25.94 163.65
26080 6827.74 6681.70 27.31 173.36
27570 7217.83 7063.43 28.68 183.07
29060 7607.91 7445.17 30.05 192.78
30550 7997.99 7826.91 31.42 202.50
32280 8450.90 8270.14 33.01 213.77
34010 8903.82 8713.36 34.59 225.05
35740 9356.73 9156.59 36.18 236.33
37470 9809.65 9599.81 37.77 247.60
39200 10262.56 10043.04 39.36 258.88
40930 10715.47 10486.27 40.95 270.16
42660 11168.39 10929.49 42.54 281.43
45930 12024.47 11767.27 45.54 302.75
47920 12545.46 12277.10 47.37 315.72
49910 13066.44 12786.94 49.20 328.69
51900 13587.42 13296.78 51.02 341.66
53890 14108.40 13806.62 52.85 354.64
55880 14629.38 14316.46 54.68 367.61
57870 15150.37 14826.29 56.51 380.58
59860 15671.35 15336.13 58.34 393.55
61850 16192.33 15845.97 60.16 406.52
63840 16713.31 16355.81 61.99 419.49
65830 17234.29 16865.65 63.82 432.47
Officers
Basic Pay Existing DA Expected DA Decrease in Other allowances Decrease in salary
36000 9424.80 9223.20 36.42 238.02
37490 9814.88 9604.94 37.79 247.73
38980 10204.96 9986.68 39.16 257.45
40470 10595.05 10368.41 40.53 267.16
41960 10985.13 10750.15 41.90 276.87
43450 11375.21 11131.89 43.26 286.58
44940 11765.29 11513.63 44.63 296.30
46430 12155.37 11895.37 46.00 306.01
48170 12610.91 12341.15 47.60 317.35
49910 13066.44 12786.94 49.20 328.69
51900 13587.42 13296.78 51.02 341.66
53890 14108.40 13806.62 52.85 354.64
55880 14629.38 14316.46 54.68 367.61
57870 15150.37 14826.29 56.51 380.58
59860 15671.35 15336.13 58.34 393.55
61850 16192.33 15845.97 60.16 406.52
63840 16713.31 16355.81 61.99 419.49
65830 17234.29 16865.65 63.82 432.47
67820 17755.28 17375.48 65.65 445.44
69810 18276.26 17885.32 67.47 458.41
71800 18797.24 18395.16 69.30 471.38
73790 19318.22 18905.00 71.13 484.35
76010 19899.42 19473.76 73.17 498.82
78230 20480.61 20042.53 75.21 513.29
80450 21061.81 20611.29 77.25 527.77
82670 21643.01 21180.05 79.28 542.24
84890 22224.20 21748.82 81.32 556.71
87390 22878.70 22389.32 83.62 573.00
89890 23533.20 23029.82 85.91 589.30
92390 24187.70 23670.32 88.21 605.59
94890 24842.20 24310.82 90.51 621.89
97620 25556.92 25010.24 93.01 639.69
100350 26271.63 25709.67 95.52 657.48
104240 27290.03 26706.29 99.09 682.84
107210 28067.58 27467.20 101.82 702.20
110180 28845.12 28228.12 104.55 721.56
113150 29622.67 28989.03 107.28 740.92
116120 30400.22 29749.94 110.00 760.28
119340 31243.21 30574.91 112.96 781.27
122560 32086.21 31399.87 115.92 802.26
125780 32929.20 32224.84 118.88 823.24
129000 33772.20 33049.80 121.83 844.23

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