News

The formula used for DA calculation for the employees working in public sector units, including PSU banks, is different than the one used for other central government departments.
The letter emphasizes uniform DA/DR calculation, noting bank employees' DA is revised quarterly. Other central government employees lose 0.9% DA in six months.
The letter has insisted on uniform DA/DR calculation, saying that the DA of bank employees is revised on a quarterly basis. Other central government employees lose 0.9% DA in six months.