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
As price hickey situation upto lower 5th grade employee should pay at least 30% DA