IBA 12th Bipartite · Scale II – V · Updated Aug 2026
Bank Manager Salary 2026
Complete in-hand salary for Scale II (Manager), Scale III (Senior Manager), Scale IV (Chief Manager), and Scale V (AGM) in public sector banks — with allowances, pay scale, and bank-wise comparison.
₹80,795
Scale II In-Hand
₹92,282
Scale III In-Hand
₹1,11,380
Scale IV In-Hand
₹1,33,084
Scale V In-Hand
Scale II — Manager / Senior Officer
Typically reached: 3–5 years from PO joining · Pay scale: ₹56,750 to ₹83,520
| Component | Amount (Metro, starting basic) |
|---|---|
| Basic Pay (starting) | ₹56,750 |
| Special Allowance (16.5%) | ₹9,364 |
| Dearness Allowance (27.83%) | ₹15,805 |
| HRA (Metro, 12%) | ₹6,810 |
| Gross Salary | ₹88,729 |
| PF Deduction (12% of Basic) | −₹7,934 |
| Net In-Hand (Metro) | ₹80,795 |
Scale III — Senior Manager
Typically reached: 8–12 years from PO joining · Pay scale: ₹64,820 to ₹93,960
| Component | Amount (Metro, starting basic) |
|---|---|
| Basic Pay (starting) | ₹64,820 |
| Special Allowance (16.5%) | ₹10,695 |
| Dearness Allowance (27.83%) | ₹18,051 |
| HRA (Metro, 12%) | ₹7,778 |
| Gross Salary | ₹1,01,344 |
| PF Deduction (12% of Basic) | −₹9,062 |
| Net In-Hand (Metro) | ₹92,282 |
Scale IV — Chief Manager
Typically reached: 12–16 years from PO joining · Pay scale: ₹78,230 to ₹1,05,280
| Component | Amount (Metro, starting basic) |
|---|---|
| Basic Pay (starting) | ₹78,230 |
| Special Allowance (16.5%) | ₹12,908 |
| Dearness Allowance (27.83%) | ₹21,791 |
| HRA (Metro, 12%) | ₹9,388 |
| Gross Salary | ₹1,22,317 |
| PF Deduction (12% of Basic) | −₹10,937 |
| Net In-Hand (Metro) | ₹1,11,380 |
Scale V — Assistant General Manager
Typically reached: 16–22 years from PO joining · Pay scale: ₹93,480 to ₹1,24,680
| Component | Amount (Metro, starting basic) |
|---|---|
| Basic Pay (starting) | ₹93,480 |
| Special Allowance (16.5%) | ₹15,424 |
| Dearness Allowance (27.83%) | ₹26,031 |
| HRA (Metro, 12%) | ₹11,218 |
| Gross Salary | ₹1,46,153 |
| PF Deduction (12% of Basic) | −₹13,069 |
| Net In-Hand (Metro) | ₹1,33,084 |
Salary at a Glance — All Scales
| Grade / Scale | Starting Basic | Metro Gross | Metro In-Hand | Typically Reached |
|---|---|---|---|---|
| Scale I (PO) | ₹36,000 | ₹57,779 | ₹52,785 | Joining |
| Scale II | ₹56,750 | ₹88,729 | ₹80,795 | 3–5 years from PO joining |
| Scale III | ₹64,820 | ₹1,01,344 | ₹92,282 | 8–12 years from PO joining |
| Scale IV | ₹78,230 | ₹1,22,317 | ₹1,11,380 | 12–16 years from PO joining |
| Scale V | ₹93,480 | ₹1,46,153 | ₹1,33,084 | 16–22 years from PO joining |
Bank-wise Manager Salary (Approx. Metro In-Hand)
| Bank | Scale II In-Hand | Scale III In-Hand | Note |
|---|---|---|---|
| State Bank of India (SBI) | ₹81,000+ | ₹93,000+ | MMGS-II/SMGS-III; SBI-specific perks |
| Bank of Baroda (BOB) | ₹79,500+ | ₹91,000+ | Follows IBA scale; slight city variation |
| Punjab National Bank (PNB) | ₹79,000+ | ₹90,500+ | IBA scale; metro vs non-metro HRA |
| Canara Bank | ₹79,000+ | ₹90,000+ | IBA scale; Bengaluru posting popular |
| Union Bank of India | ₹78,500+ | ₹89,500+ | IBA scale; strong presence in South India |
All figures are approximate in-hand at metro city posting, starting basic pay. Actual salary may vary by city and individual deductions.
Key Allowances for Bank Officers
| Allowance | Calculation | Note |
|---|---|---|
| Dearness Allowance (DA) | 27.83% of Basic | Revised quarterly (Q3 2026 rate) |
| HRA | 12% / 9% / 6% of Basic | Metro / Urban / Other cities |
| Special Allowance (SA) | 16.5% of Basic | Taxable; DA calculated on Basic+SA |
| Newspaper Allowance | ~₹300/month | Fixed; varies by bank |
| Medical Reimbursement | ₹2,000–₹3,000/month | For self and dependants |
| Conveyance / Petrol | ₹2,500–₹3,500/month | For Scale III and above (varies) |
| Provident Fund (PF) | 12% of Basic (deducted) | Equal employer contribution |
Frequently Asked Questions
What is the salary of a bank manager in India in 2026?
A bank manager (Scale II) in India earns approximately ₹80,795 in-hand per month in metro cities as of 2026, with a gross salary of ₹88,729. Senior Manager (Scale III) earns ₹92,282 in-hand (gross ₹1,01,344), and Chief Manager (Scale IV) earns ₹1,11,380 in-hand (gross ₹1,22,317). Figures are based on DA 27.83% (Q3 2026).
What is the pay scale for Scale II bank officers?
The IBA 12th Bipartite Settlement pay scale for Scale II (Senior Officer / Manager) is: ₹56,750 – 2800×1 – 59,550 – 3100×3 – 68,850 – 3450×2 – 75,750 – 3800×2 – ₹83,350. The starting basic is ₹56,750 and the maximum is ₹83,350 at this scale.
How many years does it take to become a bank manager from PO?
A Probationary Officer (PO) typically reaches Scale II (Manager / Senior Officer) in 3–5 years after joining, subject to satisfactory performance and clearing a promotion exam/interview. Reaching Scale III (Senior Manager) takes about 8–12 years, and Scale IV (Chief Manager) takes 12–16 years from PO joining.
Is bank manager the same as Scale II officer?
In most public sector banks, a 'Manager' designation corresponds to JMGS-II (Scale II) or sometimes MMGS-II depending on the bank's internal structure. SBI uses the designation 'Manager' for MMGS-II officers. IBPS banks typically call Scale II officers 'Senior Officers' or 'Managers'. The exact title varies by bank but the IBA pay scale is the same.
What perks do bank managers get beyond salary?
Bank managers at Scale II and above receive several perks: concessional home loans (typically 1–2% below market rates), car loan at subsidised rates, medical reimbursement for self and family, Leave Fare Concession (LFC), newspaper allowance, club membership in some banks, and entertainment allowance at Scale IV and above. NPS pension benefit with 10% employer contribution continues.
Do bank managers receive a higher DA than PSB clerks?
No. The DA rate is the same for all IBA bank employees — both clerical and officer grades — as it follows the same AICPI-linked formula under the bipartite settlement. The Q3 2026 DA rate is 27.83% for all IBA-affiliated bank employees. However, since officers have a higher basic pay, the absolute DA amount is higher.
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