7th Pay Commission: In this era of Corona era, the government is completely kind to the government employees.
After getting the good news to the central employees, now the Modi government has also given good news for the employees working in the PSU sector. Actually, dearness allowance has been increased by the government to more than 8 lakh government employees of PSU banks. Employees will get the salary for the month of August. DA has been increased by 2.10 percent.Also Read:10 government banks which are offering education loan at the lowest interest rate
Here is the calculation of DA
The DA of PSU sector employees has been extended for August, September, October 2021. That is, this increase is only for 3 months. It has been fixed on the basis of data of AIACPI (All India Average Consumer Price Index). Talking about dearness allowance of people working in PSU, then the method of its calculation is- Dearness Allowance Percentage = (Average of Consumer Price Index of last 3 months (Base Year 2001=100)-126.33)x100 Also Read: ITR update: If you have accidentally deducted more interest or late fee while filing your return, the Income Tax Department will refund your money.
The salary of PSU bank employees is in different categories. In this, the salary of Bank PO (Probationary Officer) is 40 to 42 thousand rupees per month. In this the basic is Rs 27,620, on which the DA has increased by 2.10 percent. According to the service history rules for PO, 4 increments are given to the employee during the entire service. The maximum basic salary after promotion is Rs 42020. Also Read: Best prepaid plan for 56 days, data up to 3GB daily and free OTT membership
According to the Indian Banks Association (IBA) order, the DA figure for May, June and July 2021 was 367 slabs. There has been an increase of 30 slabs for August to October. On this basis, now the DA of PSU employees has increased by 2.10 percent to 27.79 percent. Earlier dearness allowance was 25.69 per cent.Also Read: Vodafone Idea’s Rs 449 plan will now get double data and free subscription of Zee5 Premium
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