A public sector bank officer’s salary is set by scale, not by bank. Under the 12th Bipartite Settlement and the 9th Joint Note, an officer joining Scale I (JMGS-I) starts on a basic pay of ₹48,480, which comes to a gross of about ₹84,560 to ₹86,629 a month at the current DA of 27.83%, depending on the posting. A General Manager at the top of Scale VII grosses about ₹3.1 lakh. The table below gives every scale on the same basis, followed by the method so you can check your own pay slip.
By Vishvas Yadav · Updated 6 October 2026 · DA 27.83% (August to October 2026)
Bank officer salary at a glance
| Scale | Usual designation | Basic pay | Gross at first stage | Gross at top of scale |
|---|---|---|---|---|
| Scale I (JMGS-I) | Assistant Manager / Officer | ₹48,480 – ₹85,920 | ₹84,560 – ₹86,629 | ₹1,48,097 – ₹1,50,915 |
| Scale II (MMGS-II) | Manager | ₹64,820 – ₹93,960 | ₹1,13,781 – ₹1,16,177 | ₹1,63,903 – ₹1,66,882 |
| Scale III (MMGS-III) | Senior Manager | ₹85,920 – ₹1,05,280 | ₹1,50,074 – ₹1,52,892 | ₹1,83,374 – ₹1,86,580 |
| Scale IV (SMGS-IV) | Chief Manager | ₹1,02,300 – ₹1,20,940 | ₹1,81,126 – ₹1,84,272 | ₹2,13,712 – ₹2,17,230 |
| Scale V (SMGS-V) | Assistant General Manager | ₹1,20,940 – ₹1,35,020 | ₹2,13,712 – ₹2,17,230 | ₹2,38,326 – ₹2,42,126 |
| Scale VI (TEGS-VI) | Deputy General Manager | ₹1,40,500 – ₹1,56,500 | ₹2,49,702 – ₹2,53,612 | ₹2,77,877 – ₹2,82,107 |
| Scale VII (TEGS-VII) | General Manager | ₹1,56,500 – ₹1,73,860 | ₹2,77,877 – ₹2,82,107 | ₹3,08,448 – ₹3,13,025 |
Monthly gross at DA of 27.83%. The lower figure is for a posting outside the CCA centres (HRA 8% and location allowance ₹1,200); the higher is for a Major A city (HRA 10% and city compensatory allowance ₹2,300). Excludes qualification pay, fixed personal pay and reimbursements.
Scale and designation map
Pay follows the scale; the designation is the bank’s title for the job. The codes come from the grade names: JMGS is Junior Management Grade Scale, MMGS Middle Management, SMGS Senior Management and TEGS Top Executive.
| Scale | Grade code | Usual designation |
|---|---|---|
| Scale I | JMGS-I | Assistant Manager, Officer or Probationary Officer |
| Scale II | MMGS-II | Manager (Deputy Manager in SBI) |
| Scale III | MMGS-III | Senior Manager |
| Scale IV | SMGS-IV | Chief Manager |
| Scale V | SMGS-V | Assistant General Manager (AGM) |
| Scale VI | TEGS-VI | Deputy General Manager (DGM) |
| Scale VII | TEGS-VII | General Manager (GM) |
Titles are not uniform. SBI, for example, recruits MMGS-II officers as Deputy Manager, so a "Manager" in one bank and a "Deputy Manager" in another can be on the same pay. Read the scale on the pay slip, not the title on the business card.
Salary by scale
Each table shows a Major A city posting at the first stage and at the top of the scale; the next section shows how other postings differ. Scale strings are from the 9th Joint Note.
JMGS-I (Assistant Manager / Officer) salary
Scale: 48480-2000/7-62480-2340/2-67160-2680/7-85920, 17 stages. This is the entry scale for probationary officers recruited through IBPS PO and SBI PO. It has the longest ladder of the seven, 17 stages, and its top of ₹85,920 is above the first stage of Scale II. An officer who stays in Scale I does not stop there: after the maximum they move onto the Scale II stages under Regulation 5(b), and stagnation increments take basic pay to ₹1,14,220.
| Scale I, Major A city | First stage (₹) | Top of scale (₹) |
|---|---|---|
| Basic pay | 48,480 | 85,920 |
| Special allowance (26.50%) | 12,847 | 22,769 |
| Learning allowance | 850 | 850 |
| Dearness allowance (27.83%) | 17,304 | 30,485 |
| HRA, Major A city (10%) | 4,848 | 8,592 |
| City compensatory allowance | 2,300 | 2,300 |
| Gross | 86,629 | 1,50,915 |
| Less NPS (10% of basic + DA on basic) | 6,197 | 10,983 |
| Take-home before income tax and professional tax | 80,432 | 1,39,932 |
MMGS-II (Manager) salary
Scale: 64820-2340/1-67160-2680/10-93960, 12 stages. Usually the first promotion, and the scale normally titled Manager. Its first stage of ₹64,820 is below the Scale I maximum, so a promoted officer is not reset to the first stage of the new scale; pay is fitted at a higher stage under the promotion fitment rules. Special allowance rises from 26.50% to 28.30% of basic pay.
| Scale II, Major A city | First stage (₹) | Top of scale (₹) |
|---|---|---|
| Basic pay | 64,820 | 93,960 |
| Special allowance (28.30%) | 18,344 | 26,591 |
| Learning allowance | 850 | 850 |
| Dearness allowance (27.83%) | 23,381 | 33,786 |
| HRA, Major A city (10%) | 6,482 | 9,396 |
| City compensatory allowance | 2,300 | 2,300 |
| Gross | 1,16,177 | 1,66,882 |
| Less NPS (10% of basic + DA on basic) | 8,286 | 12,011 |
| Take-home before income tax and professional tax | 1,07,891 | 1,54,872 |
MMGS-III (Senior Manager) salary
Scale: 85920-2680/5-99320-2980/2-105280, 8 stages. A short scale of 8 stages, which is why officers here reach the maximum quickly and then draw stagnation increments for years. Officers recruited or promoted directly into Scale III get eight stagnation increments, more than any other officer scale.
| Scale III, Major A city | First stage (₹) | Top of scale (₹) |
|---|---|---|
| Basic pay | 85,920 | 1,05,280 |
| Special allowance (28.30%) | 24,315 | 29,794 |
| Learning allowance | 850 | 850 |
| Dearness allowance (27.83%) | 30,915 | 37,828 |
| HRA, Major A city (10%) | 8,592 | 10,528 |
| City compensatory allowance | 2,300 | 2,300 |
| Gross | 1,52,892 | 1,86,580 |
| Less NPS (10% of basic + DA on basic) | 10,983 | 13,458 |
| Take-home before income tax and professional tax | 1,41,909 | 1,73,122 |
SMGS-IV (Chief Manager) salary
Scale: 102300-2980/4-114220-3360/2-120940, 7 stages. Chief Manager, the first Senior Management scale. Special allowance moves up to 30.50%. The top of the scale, ₹1,20,940, is exactly the first stage of Scale V.
| Scale IV, Major A city | First stage (₹) | Top of scale (₹) |
|---|---|---|
| Basic pay | 1,02,300 | 1,20,940 |
| Special allowance (30.50%) | 31,202 | 36,887 |
| Learning allowance | 850 | 850 |
| Dearness allowance (27.83%) | 37,390 | 44,160 |
| HRA, Major A city (10%) | 10,230 | 12,094 |
| City compensatory allowance | 2,300 | 2,300 |
| Gross | 1,84,272 | 2,17,230 |
| Less NPS (10% of basic + DA on basic) | 13,077 | 15,460 |
| Take-home before income tax and professional tax | 1,71,195 | 2,01,771 |
SMGS-V (Assistant General Manager) salary
Scale: 120940-3360/2-127660-3680/2-135020, 5 stages. Assistant General Manager. Only 5 stages, so the scale is reached quickly; four stagnation increments of ₹4,000 follow.
| Scale V, Major A city | First stage (₹) | Top of scale (₹) |
|---|---|---|
| Basic pay | 1,20,940 | 1,35,020 |
| Special allowance (30.50%) | 36,887 | 41,181 |
| Learning allowance | 850 | 850 |
| Dearness allowance (27.83%) | 44,160 | 49,273 |
| HRA, Major A city (10%) | 12,094 | 13,502 |
| City compensatory allowance | 2,300 | 2,300 |
| Gross | 2,17,230 | 2,42,126 |
| Less NPS (10% of basic + DA on basic) | 15,460 | 17,260 |
| Take-home before income tax and professional tax | 2,01,771 | 2,24,867 |
TEGS-VI (Deputy General Manager) salary
Scale: 140500-4000/4-156500, 5 stages. Deputy General Manager, the first Top Executive Grade. Special allowance is 31.50%, the highest rate. The Scale VI maximum, ₹1,56,500, is the first stage of Scale VII.
| Scale VI, Major A city | First stage (₹) | Top of scale (₹) |
|---|---|---|
| Basic pay | 1,40,500 | 1,56,500 |
| Special allowance (31.50%) | 44,258 | 49,298 |
| Learning allowance | 850 | 850 |
| Dearness allowance (27.83%) | 51,655 | 57,510 |
| HRA, Major A city (10%) | 14,050 | 15,650 |
| City compensatory allowance | 2,300 | 2,300 |
| Gross | 2,53,612 | 2,82,107 |
| Less NPS (10% of basic + DA on basic) | 17,960 | 20,005 |
| Take-home before income tax and professional tax | 2,35,652 | 2,62,102 |
TEGS-VII (General Manager) salary
Scale: 156500-4340/4-173860, 5 stages. General Manager, the highest scale covered by the joint note. Executive Directors and the Managing Director are appointed by the Government on separate terms and are not on these scales.
| Scale VII, Major A city | First stage (₹) | Top of scale (₹) |
|---|---|---|
| Basic pay | 1,56,500 | 1,73,860 |
| Special allowance (31.50%) | 49,298 | 54,766 |
| Learning allowance | 850 | 850 |
| Dearness allowance (27.83%) | 57,510 | 63,863 |
| HRA, Major A city (10%) | 15,650 | 17,386 |
| City compensatory allowance | 2,300 | 2,300 |
| Gross | 2,82,107 | 3,13,025 |
| Less NPS (10% of basic + DA on basic) | 20,005 | 22,225 |
| Take-home before income tax and professional tax | 2,62,102 | 2,90,801 |
How officer gross is calculated
Every line of an officer’s pay comes from the joint note, and only a few of them interact:
- Special allowance is a percentage of basic pay: 26.50% in Scale I, 28.30% in II and III, 30.50% in IV and V, and 31.50% in VI and VII.
- Learning allowance is ₹850 a month for every officer.
- Dearness allowance is paid on basic pay, special allowance and learning allowance together, at the quarter’s rate. For August to October 2026 that is 27.83%, set out in AIBEA circular 30/11/2026/37. The rate for each quarter is on the bank DA page.
- HRA is a percentage of pay (basic pay, including stagnation increments and qualification pay), depending on the posting.
- City compensatory allowance or location allowance is a fixed amount with no DA on it.
For a Scale I officer at the first stage in a Major A city: special allowance is 26.50% of ₹48,480, or ₹12,847. DA is 27.83% of (₹48,480 + ₹12,847 + ₹850), or ₹17,304. HRA is 10% of ₹48,480, or ₹4,848. Adding the ₹850 learning allowance and ₹2,300 CCA gives a gross of ₹86,629. Lines are shown to the nearest rupee and the total is worked on exact amounts, the same method as the 12th Bipartite Settlement salary calculator.
Special allowance and the DA on it are not counted for pension, NPS or gratuity, so a large part of the gross in the higher scales does not build retirement benefits. And because DA runs on special allowance too, every quarterly DA revision is worth more to a Scale VII officer than the difference in basic pay alone suggests.
HRA by area vs leased accommodation
| Posting | HRA | Fixed allowance |
|---|---|---|
| Major A class city | 10% of pay | CCA ₹2,300 |
| Other places in Area I, and Goa | 9% of pay | CCA ₹2,300 |
| Population 5 lakh and above, state capitals, Chandigarh, Puducherry, Port Blair | 8% of pay | CCA ₹1,900 |
| All other places | 8% of pay | Location allowance ₹1,200 |
So the same Scale I officer at the first stage grosses ₹86,629 in a Major A city, ₹86,144 elsewhere in Area I and ₹84,560 in a small town. In a state capital outside Area I, add ₹700 to the small-town figure for the higher CCA. The gap between postings is small next to the gap between scales.
An officer who produces a rent receipt can claim actual rent instead of the flat rate, subject to the deduction set in the joint note and a ceiling of 150% of the normal HRA. Leased accommodation, where the bank takes a house on lease for the officer, is provided under each bank’s own policy with its own rent ceilings; no HRA is paid while the officer occupies it. Check your bank’s circular for the ceiling that applies to your scale and centre.
Deductions and in-hand salary
The main deduction depends on when the officer joined:
- NPS (joined on or after 1 April 2010 in most public sector banks): 10% of pay plus DA on pay. The bank adds 14% of the same amount, which does not appear in take-home.
- Pension optees (earlier joiners): 10% of pay to provident fund, without DA in the base and with no matching contribution from the bank.
After that come professional tax, which depends on the state, and income tax. At the Scale I first stage, annual gross is about ₹10.1 lakh to ₹10.4 lakh depending on the posting; after the ₹75,000 standard deduction, taxable income is under ₹12 lakh, so there is usually no tax under the new regime. From Scale II, annual gross crosses the ₹12 lakh rebate limit even after the standard deduction, so income tax is deducted every month; work it out on the income tax calculator.
What the table does not include
- Stagnation increments after the top of the scale. With them, the highest basic pay is ₹1,14,220 in Scale I, ₹1,26,140 in Scale II, ₹1,30,640 in Scale III, ₹1,39,020 in Scale IV, ₹1,51,020 in Scale V, ₹1,68,840 in Scale VI and ₹1,86,880 in Scale VII. Every stage is in the 12th BPS pay scale chart.
- Professional qualification pay: ₹1,370 a month from one year after reaching the top of the scale for officers with JAIIB or CAIIB; CAIIB holders then move to ₹3,425 after two years and ₹5,480 after three years.
- Medical aid of ₹13,000 a year in Scales I to III and ₹15,400 in Scale IV and above, and hill and fuel allowance at high-altitude centres.
- Reimbursements such as leave fare concession and conveyance, which vary by bank and are not salary.
For how officer and workmen pay are negotiated, see the complete guide to Bipartite Settlements.
Frequently asked questions
What is the salary of a bank manager in a public sector bank?
A Manager is usually in Scale II (MMGS-II), with basic pay from ₹64,820 to ₹93,960. At DA of 27.83%, gross pay is about ₹1.14 lakh to ₹1.16 lakh a month at the first stage and about ₹1.64 lakh to ₹1.67 lakh at the top of the scale, depending on the posting.
What is JMGS-I salary?
JMGS-I (Scale I) basic pay runs from ₹48,480 to ₹85,920. At the first stage, gross pay is about ₹84,560 to ₹86,629 a month at DA of 27.83%, and take-home after the 10% NPS deduction is about ₹78,400 to ₹80,400 before income tax and professional tax.
What is Chief Manager salary in a bank?
A Chief Manager is in Scale IV (SMGS-IV), with basic pay from ₹1,02,300 to ₹1,20,940. Gross pay at DA of 27.83% is about ₹1.81 lakh to ₹1.84 lakh a month at the first stage and about ₹2.14 lakh to ₹2.17 lakh at the top of the scale.
How much HRA do bank officers get?
10% of pay in Major A class cities, 9% elsewhere in Area I and Goa, and 8% at all other places. With a rent receipt, an officer can claim actual rent instead, up to 150% of the normal HRA. No HRA is paid while the officer lives in bank-leased accommodation.
Do bank officers get leased accommodation?
Many banks provide leased accommodation to officers under their own policies, with rent ceilings that depend on the scale and the centre. The joint note itself provides HRA or the actual-rent option. Where leased accommodation is provided, HRA is not paid.
Figures are worked from the 9th Joint Note and the current DA rate and are shown to the nearest rupee. Your pay depends on your stage, posting, qualification pay and bank-specific items, so confirm it with your bank’s HR or payroll department. Found a figure that looks wrong? Tell us.
Written by Vishvas Yadav, Senior HR | Payroll & Compliance Professional, Founder of HR Calcy.