We present two absolute magnitude calibrations, MJ and MKs, for red giants with the colour–magnitude diagrams of five Galactic clusters with different metallicities, i.e. M92, M13, M71, M67, and NGC 6791. The combination of the absolute magnitudes of the red giant sequences with the corresponding metallicities provides calibration for absolute magnitude estimation for red giants for a given colour. The calibrations for MJ and MKs are defined in the colour intervals 1.3≤(V−J)0≤2.8 and 1.75≤(V−Ks)0≤3.80 mag, respectively, and they cover the metallicity interval −2.15≤[Fe/H]≤+0.37 dex. The absolute magnitude residuals obtained by the application of the procedure to another set of Galactic clusters lie in the intervals −0.08<ΔMJ≤+0.34 and -0.10< Δ MKs≤ +0.27 mag for MJ and MKs, respectively. The means and standard deviations of the residuals are 〈ΔMJ〉=0.137 and σMJ=0.080, and $〈 Δ MKs〉 =0.109 and σMKs=0.123 mag. The derived relations are applicable to stars older than 4 Gyr, the age of the youngest calibrating cluster.