Public sector bank officer pay, worked out

All 12 public sector banks pay officers on one industry settlement. So a credit officer's pay is not a guess: it is basic pay on the scale, plus allowances at fixed rates. Pick a scale, years and city to see the whole pay slip.

SalariesPublic sector banksDA 31.33% for November 2026 to January 2027

Your pay slip

In hand a month₹82,238Gross ₹88,805 · basic ₹48,480

Earnings

Deductions

The credit ladder: pay at each step

Scale VIIGeneral manager, credit₹2,16,663 to ₹2,36,203 a month in handGross ₹2,89,340 to ₹3,21,056 · about ₹34.7L to ₹38.5L a year
Scale VIDeputy general manager, credit₹1,98,653 to ₹2,16,663 a month in handGross ₹2,60,109 to ₹2,89,340 · about ₹31.2L to ₹34.7L a year
Scale VAssistant general manager, credit₹1,75,543 to ₹1,91,264 a month in handGross ₹2,22,785 to ₹2,48,323 · about ₹26.7L to ₹29.8L a year
Scale IVChief manager, credit₹1,53,831 to ₹1,75,543 a month in handGross ₹1,88,974 to ₹2,22,785 · about ₹22.7L to ₹26.7L a year
Scale IIISenior manager, credit₹1,31,319 to ₹1,55,188 a month in handGross ₹1,56,780 to ₹1,91,337 · about ₹18.8L to ₹23.0L a year
Scale IICredit manager₹1,03,197 to ₹1,41,630 a month in handGross ₹1,19,117 to ₹1,71,132 · about ₹14.3L to ₹20.5L a year
Scale ICredit officer, assistant manager₹82,238 to ₹1,29,710 a month in handGross ₹88,805 to ₹1,54,749 · about ₹10.7L to ₹18.6L a year

In hand after pension (NPS, 10%), income tax under the new regime and ₹200 professional tax, posted in a Major 'A' class city. DA at 31.33% for November 2026 to January 2027. Source: IBA, 9th Joint Note on officers' wage revision, 8 March 2024. Titles vary by bank; the scale sets the pay. Work out any scale, year and city.

These rates apply at all 12 public sector banks

The settlement is signed by the IBA for public sector banks, State Bank of India included. A bank can differ on perks such as leased housing, but not on the scales and allowances here.

Sources and what is left out

Scales: IBA, 9th Joint Note on officers' wage revision, 8 March 2024, page 4. HRA and city compensatory allowance, page 11. Special, location and learning allowances, page 12. Pension (NPS), page 16.
DA of 31.33%: the Joint Note's formula, 1% of pay for each point the CPI-IW average is above 123.03 (page 10). July to September 2026 were 153.2, 154.4, 155.5, from the Labour Bureau's August and September releases.
Income tax: Income Tax Department, tax slabs and rebate u/s 87A for AY 2026-27; Income Tax Department, deductions allowable (standard deduction of ₹75,000 in the new regime).
Left out: professional qualification pay for JAIIB and CAIIB, fixed personal pay, leased housing in place of HRA, and the tax saving on the bank's NPS contribution. HRA here is the flat rate; with a rent receipt it can be up to 150% of it.

Comparing with a private offer? Work out a CTC in hand.