Bank Latest DA November 2023| Latest Increase in DA November 2023 for Bank employees | Check here for Latest DA Rates Bank.
Its a good news for Bank Employees as they are waiting for their wage hike pending since Nov 2022.
Yes you have heard it right. There is an increase in DA rates for the month of Nov, Dec 23 and Jan 24. We are giving you here the Bank Latest DA for November 2023 onwards.
| Months Applicable | Average CPI | No. of slabs | % of pay | % Difference |
|---|---|---|---|---|
| Nov,Dec 2023 & Jan 2024 | 9124.0 | 693 | 48.51 | 4.27 |
So, here you can see that there is net increase of 4.27 % in DA for bank employees in Nov 2023.
As the CPI for Sept. 2023 decreased to 137.5 from 139.2. DA w.e.f. 01.11.2023 is increased to 48.51% from Present 44.24%.
Hence, the DA payable to officers is 693 slabs from 1st Nov 2023 as against 632 slabs for previous quarter. The rates will be applicable for Scale VII including SBI bank.
This has come as festive announcement as Diwali festival is nearby and lakhs of bank’s employees are also waiting for their due wage revision from Nov 2022.
Latest Calculation of Increase in DA For Bank Employees Nov 2023:
Accordingly, Dearness Allowance is payable to Officers is 693 (ie.,632+61) slabs with effect from 01.11.2023 as against 632 slabs for the previous quarter. The rates worked out are as per the industry level scales up to Scale VII including SBI.
Scale and Stage wise Net increase in DA (Bank Latest DA November 2023)
We are giving you the details of increase in each scale for your reference:
| DA Payable for the months – Nov 23 to Jan 24 | |||||||||
| RATE OF DA. 0.07% PER SLAB (693*0.07=48.51% ) [includes DA on LA] | |||||||||
| STAGES | SCALE | BASIC | SPL | EXISITING- DA | REVISED- DA | DIFFERENCE | |||
|
PAY
|
ALLOW
|
632 SLABS | 693 SLABS |
||||||
| 44.24% | 48.51% | 4.27% | |||||||
| 1 | I – III | 36000 | 5904.00 | 18803.77 | 20618.69 | 1814.92 | |||
| 2 | 37490 | 6148.36 | 19571.05 | 21460.03 | 1888.98 | ||||
| 3 | 38980 | 6392.72 | 20338.33 | 22301.37 | 1963.04 | ||||
| 4 | 40470 | 6637.08 | 21105.61 | 23142.70 | 2037.09 | ||||
| 5 | 41960 | 6881.44 | 21872.89 | 23984.04 | 2111.15 | ||||
| 6 | 43450 | 7125.80 | 22640.17 | 24825.38 | 2185.21 | ||||
| 7 | 44940 | 7370.16 | 23407.45 | 25666.72 | 2259.26 | ||||
| 8 | 46430 | 7614.52 | 24174.74 | 26508.06 | 2333.32 | ||||
| 9 | 48170 | 7899.88 | 25070.75 | 27490.56 | 2419.80 | ||||
| 10 | 49910 | 8185.24 | 25966.77 | 28473.06 | 2506.29 | ||||
| 11 | 51900 | 8511.60 | 26991.53 | 29596.73 | 2605.20 | ||||
| 12 | 53890 | 8837.96 | 28016.29 | 30720.39 | 2704.10 | ||||
| 13 | 55880 | 9164.32 | 29041.05 | 31844.06 | 2803.01 | ||||
| 14 | 57870 | 9490.68 | 30065.80 | 32967.73 | 2901.92 | ||||
| 15 | 59860 | 9817.04 | 31090.56 | 34091.39 | 3000.83 | ||||
| 16 | 61850 | 10143.40 | 32115.32 | 35215.06 | 3099.74 | ||||
| 17 | 63840 | 10469.76 | 33140.08 | 36338.72 | 3198.65 | ||||
| 18 | 65830 | 10796.12 | 34164.84 | 37462.39 | 3297.56 | ||||
| 19 | 67820 | 11122.48 | 35189.59 | 38586.06 | 3396.46 | ||||
| 20 | 69810 | 11448.84 | 36214.35 | 39709.72 | 3495.37 | ||||
| 21 | 71800 | 11775.20 | 37239.11 | 40833.39 | 3594.28 | ||||
| 22 | 73790 | 12101.56 | 38263.87 | 41957.06 | 3693.19 | ||||
| 23 | 76010 | 12465.64 | 39407.06 | 43210.59 | 3803.53 | ||||
| 24 | 78230 | 12829.72 | 40550.26 | 44464.13 | 3913.87 | ||||
| 25 | STG-1 | 80450 | 13193.80 | 41693.46 | 45717.67 | 4024.21 | |||
| 26 | STG-2 | 82670 | 13557.88 | 42836.65 | 46971.20 | 4134.55 | |||
| 27 | STG-3 | 84890 | 13921.96 | 43979.85 | 48224.74 | 4244.89 | |||
| 28 | STG-4 | 87110 | 14286.04 | 45123.05 | 49478.28 | 4355.23 | |||
| 29 | STG-5 | 89330 | 14650.12 | 46266.25 | 50731.82 | 4465.57 | |||
| STG-6 | 89610 | 14696.04 | 46410.43 | 50889.92 | 4479.49 | ||||
| 92110 | 15106.04 | 47697.82 | 52301.56 | 4603.74 | |||||
| 30 | IV – V | 76010 | 14441.90 | 40281.36 | 44169.28 | 3887.92 | |||
| 31 | 78230 | 14863.70 | 41450.09 | 45450.81 | 4000.72 | ||||
| 32 | 80450 | 15285.50 | 42618.83 | 46732.35 | 4113.53 | ||||
| 33 | 82670 | 15707.30 | 43787.56 | 48013.89 | 4226.33 | ||||
| 34 | 84890 | 16129.10 | 44956.29 | 49295.43 | 4339.14 | ||||
| 35 | 87390 | 16604.10 | 46272.43 | 50738.60 | 4466.17 | ||||
| 36 | 89890 | 17079.10 | 47588.57 | 52181.77 | 4593.20 | ||||
| 37 | 92390 | 17554.10 | 48904.71 | 53624.94 | 4720.23 | ||||
| 38 | 94890 | 18029.10 | 50220.85 | 55068.12 | 4847.27 | ||||
| 95120 | 18072.80 | 50341.93 | 55200.89 | 4858.95 | |||||
| 39 | 97620 | 18547.80 | 51658.07 | 56644.06 | 4985.99 | ||||
| 40 | 100350 | 19066.50 | 53095.30 | 58220.00 | 5124.70 | ||||
| 103320 | 19630.80 | 54658.87 | 59934.49 | 5275.62 | |||||
|
PAY
|
ALLOW
|
632 SLABS | 693 SLABS |
||||||
| 44.24% | 48.51% | 4.27% | |||||||
| 41 | VI – VII | 104240 | 20848.00 | 55604.37 | 60971.25 | 5366.88 | |||
| 42 | 107210 | 21442.00 | 57181.08 | 62700.15 | 5519.06 | ||||
| 43 | 110180 | 22036.00 | 58757.80 | 64429.04 | 5671.24 | ||||
| 44 | 113150 | 22630.00 | 60334.51 | 66157.94 | 5823.43 | ||||
| 45 | 116120 | 23224.00 | 61911.23 | 67886.83 | 5975.61 | ||||
| 46 | 119340 | 23868.00 | 63620.66 | 69761.26 | 6140.60 | ||||
| 47 | 122560 | 24512.00 | 65330.09 | 71635.69 | 6305.59 | ||||
| 48 | 125780 | 25156.00 | 67039.53 | 73510.11 | 6470.59 | ||||
| 49 | 129000 | 25800.00 | 68748.96 | 75384.54 | 6635.58 | ||||
| 1020 | 451.25 | 494.80 | 43.55 | ||||||
| 2550 | 1128.12 | 1237.01 | 108.89 | ||||||
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#Bank Latest DA November 2023
#Bank Latest DA November 2023