11th bps pay structure: After the central employees, now the government has made preparations to increase the salary of bank workers. According to the news published in News18, it is possible to increase the salary of bank employees from this month.
Dearness Allowance (DA) for bank employees has increased by 2.1 percent to 27.79% as compared to the previous quarter. This increment will be effective from August to October. This arrangement will be applicable for the bankers following the 11th BPS pay structure. Also Read: Good News: SBI provides zero processing home loan on the ocassion of 15 August, apply in this way
At the same time, DA has been increased by three percent for the employees who follow 10th BPS. The increase in DA will be applicable for the next three months starting from August. More than 8 lakh bank employees will benefit from this decision. Also Read: Bank Job: Recruitment of Punjab National Bank sweepers in Jhajjar and Rohtak, Haryana, apply like
There is an increase in DA every three months
Dearness Allowance of bank employees is revised after every three months. DA is calculated on the basis of Consumer Price Index and is revised every quarter for bank employees. The central government had earlier released the Average All India Consumer Price Index Number (AICPIN) for industrial workers for the quarter of April, May and June 2021. With these average AICPIN data, Dearness Allowance for bank employees is calculated. Also Read: Fixed Deposit Vs Public Provident Fund (PPF FD Returns); Interest Rates, How To Open Account And Income Tax Benefit
11 percent increase in DA of central employees
The government increased the dearness allowance of central employees in July. The DA of central employees has been increased by 11 percent, after which their DA has increased to 28 percent. Significantly, during the Corona epidemic, the Central Government had banned the increase in DA of employees, due to which there was no increase in DA from January 2020 to June 2021. Now there is also information that the government is going to increase the DA of central employees by three percent soon.
