Bank DA from November 2026 to January 2027 – Expected DA Rate, Calculation & Salary Impact
Two of the three deciding months are now declared. July 2026 CPI-IW came in at 153.2 and August 2026 at 154.4, which puts Bank DA under the 12th Bipartite Settlement on track for roughly 31% from November — up from the current 27.83%. Only the September 2026 index and the IBA circular remain.
Published: 3 September 2026 Last updated: 1 October 2026 Covers: 12th Bipartite Settlement / 9th Joint Note
- Expected DA
- September scenarios
- DA estimator
- Your salary impact
- How DA is calculated
- CPI-IW data
- DA history
- What happens next
- FAQs
Expected and current Bank DA
Expected Bank DA, November 2026 – January 2027
31.0% (30.80–31.30)Two months are locked: July 153.2 and August 154.4. Only September 2026 can still move the figure, and across every realistic September the answer stays between 30.80% and 31.30%.
Bank DA, August–October 2026
27.83%Of Basic Pay under the 12th BPS / 9th Joint Note, notified by IBA on 3 August 2026.
CPI-IW so far
- July 2026
- 153.2
- August 2026
- 154.4
- September 2026
- Awaited
August released 30 September 2026, up 1.2 points. Year-on-year inflation 4.96%.
What is the expected Bank DA from November 2026?
Bank DA from November 2026 to January 2027 is expected to be close to 31% of Basic Pay under the 12th Bipartite Settlement, against the current 27.83%. With July 2026 CPI-IW at 153.2 and August 2026 at 154.4 already declared, the realistic range is 30.80% to 31.30%. The Indian Banks' Association has not issued the circular yet — the September 2026 index, due at the end of October, will fix the final rate.
The two known months alone make a large rise unavoidable. For DA to come in below 31%, September would have to fall to about 154.49 or lower; for it to drop under 30%, September would have to collapse to 151.49 — nearly three points below August, a fall with no precedent in this series.
The three months that decide November 2026
DA for 1 November 2026 to 31 January 2027 is the average CPI-IW of July, August and September 2026, minus 123.03.
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July 2026 Declared
153.2Released 31 August 2026, up 1.3 points from June.
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August 2026 Declared
154.4Released 30 September 2026, up 1.2 points from July.
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September 2026 Awaited
Not yet releasedDue at the end of October 2026. The last input before the IBA circular.
September 2026 CPI-IW is not yet published. Every September figure used on this page is a clearly labelled assumption, not data. The final DA rate is fixed only by the official IBA circular.
Why the outcome is already narrow
July and August contribute 307.6 points between them, two-thirds of the quarterly total. That leaves September able to shift the three-month average by only a third of whatever it does. A one-point move in September changes the DA by roughly a third of a percentage point — which is why the plausible band has tightened to about half a point.
The September index also has a strong historical anchor. In 2025 it was 147.3, and year-on-year inflation has run between 4.46% and 4.96% through 2026. Applying that range to 147.3 puts September 2026 somewhere between roughly 153.9 and 154.6 — exactly the region the scenarios below cover.
Expected DA under four September scenarios
July (153.2) and August (154.4) are fixed in every row. Only the September assumption changes.
| September 2026 scenario | Sep index (assumed) | Quarter average | Expected DA | Change |
|---|---|---|---|---|
| Index easesPrices soften after August | 153.9 | 153.83 | 30.80% | +2.97 pp |
| Index stays flatNo further movement | 154.4 | 154.00 | 30.97% | +3.14 pp |
| Repeats last year's stepAug to Sep rose 0.2 points in 2025 — central case | 154.6 | 154.06 | 31.03% | +3.20 pp |
| Festive-season spikeSharper food and clothing prices | 155.4 | 154.33 | 31.30% | +3.47 pp |
The spread across all four is half a percentage point — worth about ₹250 a month on a ₹50,000 basic. Whatever September brings, a bank employee can plan on a DA increase of roughly three percentage points.
What September would have to be for each round figure
| If DA lands at | Quarter average must be | September must be | Versus August's 154.4 |
|---|---|---|---|
| 30.00% | 153.03 | 151.49 | 2.91 points lower |
| 30.50% | 153.53 | 152.99 | 1.41 points lower |
| 31.00% | 154.03 | 154.49 | 0.09 point higher |
| 31.50% | 154.53 | 155.99 | 1.59 points higher |
Read the middle rows carefully: 31% needs September to be almost exactly level with August. That is why the central estimate sits right around 31% rather than comfortably above or below it.
Expected DA estimator – November 2026
July and August carry the declared indices. Change September, or type the real figure once the Labour Bureau publishes it.
Estimate the November 2026 Bank DA
12th Bipartite Settlement / 9th Joint Note. Formula: three-month average CPI-IW minus the base index 123.03.
Expected DA for November 2026 – January 2027
31.03%An increase of 3.20 percentage points over the current 27.83%. Indicative only, pending the official IBA circular.
This calculator provides an estimate only. The final DA rate is determined through the applicable IBA calculation and official circular.
Your salary impact – pick your cadre, scale and pay stage
Basic pay stages are the 12th BPS scales used in the Bank DA August 2026 salary tables.
DA is a percentage of Basic Pay, so the rupee effect depends entirely on where you sit in the scale. Select your position and the calculator fills in the basic pay for you.
Bank DA salary increase calculator – November 2026
Basic Pay only. HRA, special allowance, transport allowance, NPS, PF and income tax are calculated separately and are not included here.
Expected monthly increase in DA
—Figures are indicative and rounded to two decimals. Actual credit depends on your bank's payroll rounding, and a DA change also moves NPS contributions and other DA-linked heads. For a full pay-slip breakdown, use the Bank Employee Salary Calculator.
How Bank DA is calculated under the 12th BPS
One line of arithmetic, applied afresh every quarter.
The formula
Under the 12th Bipartite Settlement and the 9th Joint Note, DA is expressed directly as a percentage of pay, taken from the CPI-IW series with base 2016 = 100. There are no slabs and no fractions carried forward.
DA % = Quarterly average CPI-IW − 123.03
123.03 is the index level at which DA is treated as nil — the point already built into the revised basic pay. The average is worked to two decimal places, which is why 150.8666 is read as 150.86.
Worked example — the current quarter
August to October 2026 DA was calculated from the April, May and June 2026 indices:
- April 2026 CPI-IW = 149.9
- May 2026 CPI-IW = 150.8
- June 2026 CPI-IW = 151.9
- Average = 150.86
- DA = 150.86 − 123.03 = 27.83%
The November quarter repeats the same steps with July (153.2), August (154.4) and September 2026.
This page covers only employees and officers on 12th BPS / 9th Joint Note pay. Staff still governed by the 11th Bipartite Settlement have a separate slab-based calculation and a different DA percentage for the same quarter.
All-India CPI-IW: the last twelve months
The index that drives every DA revision, month by month, with year-on-year inflation.
Index movement
Bars are scaled across the 147.3 to 154.4 range to make the movement visible; the axis does not start at zero.
Month-by-month data
| Month | Index | YoY inflation |
|---|---|---|
| Sep 2025 | 147.3 | 2.79% |
| Oct 2025 | 147.7 | 2.21% |
| Nov 2025 | 148.2 | 2.56% |
| Dec 2025 | 148.2 | 3.13% |
| Jan 2026 | 148.6 | 3.77% |
| Feb 2026 | 148.5 | 3.99% |
| Mar 2026 | 149.1 | 4.27% |
| Apr 2026 | 149.9 | 4.46% |
| May 2026 | 150.8 | 4.72% |
| Jun 2026 | 151.9 | 4.76% |
| Jul 2026 | 153.2 | 4.57% |
| Aug 2026 | 154.4 | 4.96% |
The pace matters as much as the level. Between March and August 2026 the index climbed 5.3 points in five months, and inflation touched 4.96% in August — the highest reading in this twelve-month window. That acceleration is exactly why the November DA revision is set to be unusually large.
What CPI-IW actually measures
The index
The Consumer Price Index for Industrial Workers is published monthly by the Labour Bureau, using retail prices collected from markets across 88 industrially important centres. It tracks a working-class household's actual basket — food, fuel, housing, clothing, schooling, transport. On the 2016 = 100 base, August's 154.4 means that basket costs 54.4% more than it did in 2016.
Why DA follows it, quarterly
DA exists to protect pay against price rise, so the settlement ties it directly to CPI-IW instead of reopening wage talks every time prices move. Revision is quarterly because monthly would mean reworking payroll twelve times a year, and annual would leave staff absorbing a full year of inflation first. It works downward too: DA fell from 21.20% to 19.97% in the May–July 2025 quarter when the index dipped.
Bank DA history under the 12th BPS
Every quarter since February 2024, with the average CPI-IW each rate was built on.
| Period | Average CPI-IW | DA on Basic Pay | Change | Status |
|---|---|---|---|---|
| Feb – Apr 2024 | 138.76 | 15.73% | — | Notified |
| May – Jul 2024 | 139.00 | 15.97% | +0.24 | Notified |
| Aug – Oct 2024 | 140.23 | 17.20% | +1.23 | Notified |
| Nov 2024 – Jan 2025 | 142.86 | 19.83% | +2.63 | Notified |
| Feb – Apr 2025 | 144.23 | 21.20% | +1.37 | Notified |
| May – Jul 2025 | 143.00 | 19.97% | −1.23 | Notified |
| Aug – Oct 2025 | 144.16 | 21.13% | +1.16 | Notified |
| Nov 2025 – Jan 2026 | 146.96 | 23.93% | +2.80 | Notified |
| Feb – Apr 2026 | 148.03 | 25.00% | +1.07 | Notified |
| May – Jul 2026 | 148.73 | 25.70% | +0.70 | Notified |
| Aug – Oct 2026 | 150.86 | 27.83% | +2.13 | Current quarter |
| Nov 2026 – Jan 2027 | ≈ 154.0 (expected) | ≈ 31% | ≈ +3.2 | Pending – IBA announcement awaited |
Look down the change column: the largest quarterly increase so far under the 12th BPS is 2.80 percentage points, in November 2025. If the expected figure holds, November 2026 would exceed it and become the biggest single DA revision of this settlement — and the first time bank DA crosses 30%.
What happens next, and when
One data release and one circular stand between today and a confirmed rate.
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31 August 2026 — done
July 2026 CPI-IW released at 153.2, up 1.3 points.
Locked -
30 September 2026 — done
August 2026 CPI-IW released at 154.4, up 1.2 points. Inflation at 4.96%.
Locked -
End of October 2026
September 2026 CPI-IW due. At this point the DA becomes pure arithmetic.
Awaited -
Late Oct / early Nov 2026
IBA DA circular expected, effective 1 November 2026. Any delay is paid as arrears.
Awaited
The quarterly revision cycle
| DA period | CPI-IW months used | Typically announced |
|---|---|---|
| February – April | October, November, December | January |
| May – July | January, February, March | April |
| August – October | April, May, June | July / August — done, 27.83% |
| November – January | July, August, September | October / November — pending |
The quarter after this one, February to April 2027, will be built on the October, November and December 2026 indices — none of which exist yet.
Frequently asked questions
Bank DA November 2026 — short, factual answers.
What is the expected Bank DA from November 2026?
Close to 31% of Basic Pay under the 12th Bipartite Settlement, against the current 27.83%. With July 2026 CPI-IW at 153.2 and August at 154.4 confirmed, the realistic range is 30.80% to 31.30%. This is an estimate — the IBA circular has not been issued.
Is November 2026 Bank DA officially announced?
No. As on 1 October 2026 the Indian Banks' Association has not issued a circular for the November 2026 to January 2027 quarter. Until it does, 27.83% remains the rate in force.
What is the August 2026 CPI-IW?
154.4 points on the 2016 = 100 series, released by the Labour Bureau on 30 September 2026. That is 1.2 points above July's 153.2, with year-on-year inflation of 4.96% — the highest monthly reading of the past year.
What CPI-IW months decide the November 2026 DA?
July, August and September 2026. The three indices are averaged and 123.03 is subtracted from that average. July (153.2) and August (154.4) are confirmed; September is due at the end of October 2026.
Will Bank DA cross 30% from November 2026?
Almost certainly. For DA to stay under 30%, the September 2026 index would have to fall to about 151.49 — nearly three points below August, a drop with no precedent in this series. Even a September at June's level would still produce roughly 30.1%.
Will Bank DA cross 31% from November 2026?
It is finely balanced. DA reaches 31% if September 2026 comes in at 154.49 or above — essentially level with August. A flat September gives 30.97%, a 0.2-point rise gives 31.03%. Either side of 31% is plausible, which is why the estimate is quoted as a range.
What is the current Bank DA in 2026?
27.83% of Basic Pay for August, September and October 2026 under the 12th Bipartite Settlement, notified by IBA on 3 August 2026. It replaced 25.70%, an increase of 2.13 percentage points.
How is DA calculated under the 12th Bipartite Settlement?
Average the CPI-IW (base 2016 = 100) for the three relevant months and subtract 123.03. The result is the DA percentage on Basic Pay. For the current quarter: (149.9 + 150.8 + 151.9) ÷ 3 = 150.86, and 150.86 − 123.03 = 27.83%.
How much will my salary increase if DA goes from 27.83% to about 31%?
That is a rise of roughly 3.20 percentage points, so the monthly gain is about 3.20% of Basic Pay. On ₹19,500 (Sub Staff stage 1) that is about ₹624; on ₹48,480 (JMGS-I stage 1) about ₹1,551; on ₹1,08,260 (MMGS-III stage 9) about ₹3,464; at the top of TEGS-VII, about ₹5,564. Use the cadre and scale selector above for your own stage.
Will this be the biggest DA hike under the 12th BPS?
If the estimate holds, yes. The largest quarterly increase so far is 2.80 percentage points (November 2025). An increase of around 3.20 points would exceed it, and would also be the first time bank DA under this settlement crosses 30%.
Does DA affect NPS contribution and gratuity?
Yes, both. NPS contributions are computed on Basic Pay plus DA, so a revision raises your 10% contribution and the bank's matching share — take-home rises by slightly less than the gross DA increase. Gratuity under the Payment of Gratuity Act is based on last drawn Basic Pay plus DA, subject to the statutory ceiling, so the rate in force at exit feeds directly into it.
When will IBA announce the November 2026 DA?
No date has been notified. The circular normally follows within days of the last CPI-IW release, which puts it in late October or early November 2026. The revised rate applies from 1 November 2026 whenever the circular is issued, and any gap is settled through arrears.
Related on Arthzo
Disclaimer
Disclaimer: Arthzo provides financial information for educational and informational purposes. Bank DA rates are subject to official notifications/circulars issued by the Indian Banks' Association and applicable settlements. Estimated calculations on this page should not be treated as an official DA announcement.
On the data: All CPI-IW figures up to August 2026, including July (153.2) and August (154.4), are official Labour Bureau releases. September 2026 figures used anywhere on this page are clearly labelled assumptions and are not forecasts issued by any authority. The actual index may differ.
Last updated: 1 October 2026 · Next update due after the September 2026 CPI-IW release at the end of October 2026.