🏦 Bank Salary Calculator
Bank Salary Calculator 2026
Calculate in-hand salary for IBPS PO, SBI PO, IBPS Clerk, RBI Grade B and other PSB posts — with DA, HRA, Special Allowance
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⚠️ Bank salaries are governed by IBA Bipartite Settlements. DA is revised quarterly. Figures are approximate based on 11th Bipartite Settlement.
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Frequently Asked Questions
The in-hand salary of an IBPS PO (Probationary Officer) in 2026 is approximately ₹52,000–₹60,000/month depending on posting city. The basic pay starts at ₹36,000 under JMGS-I scale. Components include: Basic Pay ₹36,000, Special Allowance (~7.75% of basic = ₹2,790), DA (quarterly revised, currently ~22.1% of basic = ₹7,956), HRA (9%/8%/7% for metro/urban/other = ₹3,240/₹2,880/₹2,520), CCA (₹540 urban), Furniture Allowance ₹0 (consolidated). Gross comes to approximately ₹52,000–₹55,000. After NPS (10% of basic+DA) and other deductions, in-hand is roughly ₹46,000–₹50,000.
SBI PO starting salary in 2026 is approximately ₹56,000–₹65,000/month gross. Basic pay in JMGS-I starts at ₹36,000. SBI offers slightly higher allowances than IBPS banks. Special Allowance for SBI PO is approximately ₹8,000–₹9,000/month. DA, HRA, and other perquisites are similar to IBPS PO. SBI PO also gets subsidised housing if government accommodation is provided, which significantly impacts the HRA component.
IBPS PO (Scale I) starts at basic pay ₹36,000 in JMGS-I scale. IBPS Clerk starts at ₹11,765 in the clerical cadre with a different pay scale. The total gross for IBPS Clerk is approximately ₹28,000–₹35,000/month in metro cities, while IBPS PO gross is ₹52,000–₹60,000/month. Both have DA, HRA, and Special Allowance, but the percentages and base amounts differ significantly.
Bank employees under IBA (Indian Banks Association) bipartite settlement have DA calculated quarterly based on CPI-IW. Unlike central government employees where DA is revised every 6 months at a fixed percentage, bank DA is revised every quarter (January, April, July, October). As of 2026, the DA rate for public sector bank employees is approximately 20–23% of basic pay, but this varies by bank and applicable bipartite settlement.
Under the 11th Bipartite Settlement (effective November 2017), officers in JMGS-I receive Special Allowance of 7.75% of basic pay. For a basic of ₹36,000, this is ₹2,790/month. Special Allowance is fully taxable and counts toward DA calculation in some banks. It was introduced to improve the overall pay structure for bank officers in lieu of performance-linked pay.