Bank Salary Calculator
Calculate gross and in-hand salary for Public Sector Bank officers and clerks under 12th Bipartite Settlement
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PO / Officer (MMGS-II)
₹61,766 gross/month
In-hand (est.)
₹56,324
Earnings
Deductions
* Based on 12th Bipartite Settlement (IBA). DA = 45.6% (as of Feb 2025). Actual salary may vary by bank, DA revision every quarter, and HRA revision. Income tax deducted separately as per slab.
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Frequently Asked Questions
The starting basic pay for JMGS-I (PO) is ₹36,000/month. With DA, HRA, and special allowances, the gross salary at entry level is approximately ₹62,000–65,000 in metro cities.
The Dearness Allowance for bank employees (IBA pattern) is revised quarterly. As of early 2025, the DA is approximately 45.6% based on CPI-IW index points.
Under the 12th Bipartite Settlement, HRA is 10% for metros, 9% for urban/semi-urban centers, and 7% for rural areas — calculated on basic pay.
Approximate in-hand for IBPS PO in metro: Gross ≈ ₹61,750. After NPS (10% of Basic+DA) deduction ≈ ₹55,990/month in-hand, before income tax.