DA increased for Bank Employees, Check new Dearness Allowance for Aug to Oct 24

Good news for bank employees! The Dearness Allowance (DA) has been increased for the period from August to October 2024. This adjustment aims to help employees cope with rising living costs. Keep reading to find out the new DA rates and how this change will affect your salary.

Dearness Allowance – Aug to Oct 24

The Index Numbers for the quarter ended June 2024 are as under:

DA Payable for the months – Aug 24 to Oct 24
Month	Index as per 2016 series
Apr-24	139.40
May-24	139.90
Jun-24	141.40
Total	140.23
New DA Rate	17.20
DA Rate for Previous Quarter	15.97
Increase	1.23

Accordingly, Dearness Allowance is payable to Officers is 17.20% slabs with effect from 01.08.2024. The rates of Dearness Allowance at various stages of basic pay are furnished overleaf. The rates worked out are as per the industry level scales up to Scale VII including SBI.

Dearness Allowance for Pensioners – Aug 24 to Jan 25

Retired between	Slabs	Per Slab	DA Payable
Before 01.11.92	2154.00	0.67	1443.18%
01.11.92-31.03.98	2017.00	0.35	705.95%
01.04.98-31.10.02	1883.00	0.24	451.92%
01.11.02-31.10.07	1732.00	0.18	311.76%
01.11.07-31.10.12	1595.00	0.15	239.25%
01.11.12-31.10.17	1194.00	0.10	119.40%
01.11.17-31.10.22	716.00	0.07	50.12%

DA Payable for the months – Aug 24 to Oct 24

Basic Pay	Spl Allow	New DA
48480.00	12847.20	10694.48
50480.00	13377.20	11129.64
52480.00	13907.20	11564.80
54480.00	14437.20	11999.96
56480.00	14967.20	12435.12
58480.00	15497.20	12870.28
60480.00	16027.20	13305.44
62480.00	16557.20	13740.60
64820.00	17177.30	14249.74
67160.00	17797.40	14758.87
69840.00	18507.60	15341.99
72520.00	19217.80	15925.10
75200.00	19928.00	16508.22
77880.00	20638.20	17091.33
80560.00	21348.40	17674.44
83240.00	22058.60	18257.56
85920.00	22768.80	18840.67
88600.00	23479.00	19423.79
91280.00	24189.20	20006.90
93960.00	24899.40	20590.02
96640.00	25609.60	21173.13
99320.00	26319.80	21756.25
102300.00	27109.50	22404.63
105280.00	27899.20	23053.02
108260.00	28688.90	23701.41

111240.00	29478.60	24349.80
114220.00	30268.30	24998.19
64820.00	18344.06	14450.42
67160.00	19006.28	14966.80
69840.00	19764.72	15558.21
72520.00	20523.16	16149.62
75200.00	21281.60	16741.04
77880.00	22040.04	17332.45
80560.00	22798.48	17923.86
83240.00	23556.92	18515.27
85920.00	24315.36	19106.68
88600.00	25073.80	19698.09
91280.00	25832.24	20289.51
93960.00	26590.68	20880.92
96640.00	27349.12	21472.33
99320.00	28107.56	22063.74
102300.00	28950.90	22721.35
105280.00	29794.24	23378.97
108260.00	30637.58	24036.58
111240.00	31480.92	24694.20
114220.00	32324.26	25351.81
117200.00	33167.60	26009.43
120180.00	34010.94	26667.04
120560.00	34118.48	26750.90
123540.00	34961.82	27408.51
123920.00	35069.36	27492.37
126900.00	35912.70	28149.98
127600.00	36110.80	28304.46
131280.00	37152.24	29116.55
102300.00	31201.50	23108.46

105280.00	32110.40	23777.35
108260.00	33019.30	24446.24
111240.00	33928.20	25115.13
114220.00	34837.10	25784.02
117580.00	35861.90	26538.21
120940.00	36886.70	27292.39
124300.00	37911.50	28046.58
127660.00	38936.30	28800.76
127980.00	39033.90	28872.59
131340.00	40058.70	29626.78
131980.00	40253.90	29770.43
135020.00	41181.10	30452.79
135980.00	41473.90	30668.27
139020.00	42401.10	31350.63
139980.00	42693.90	31566.11
143020.00	43621.10	32248.47
147360.00	44944.80	33222.63
151700.00	46268.50	34196.78
140500.00	44257.50	31924.49
144500.00	45517.50	32829.21
148500.00	46777.50	33733.93
152500.00	48037.50	34638.65
156500.00	49297.50	35543.37
160840.00	50664.60	36524.99
165180.00	52031.70	37506.61
169520.00	53398.80	38488.23
173860.00	54765.90	39469.85
178560.00	56246.40	40532.90
183260.00	57726.90	41595.95
187960.00	59207.40	42658.99