Expected DA for May 2017 To July 2017 for Public Sector Bank Employees - calculation shows that the Dearness Allowance for bank staff will decreased by 1.50% for the month of May, June and July 2017.
CPI data for February, 2017 has been released by labor bureau. The data released shows that the level of CPI data is almost similar to January 2017.
It is believed that the expected DA would decreased by 1.50% for May 2017 to July 2017.
Dearness Allowance for the period February 2017 to April 2017 had decreased by 0.90%. The actual Dearness Paid for the Month of February, March and April were 46.90% of Salary.
It is believe that Consume Price Index (CPI) will ot change for the said period as compare o Jan 2017 hence Dearness allowance for month of May 2017 to July 2017 will be 45.40% , almost 1.50% lesser than existing DA paid.