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Are you aspiring to become a Credit Officer at the Central Bank of India? If so, one of the most important aspects you should consider is the salary structure. Understanding the compensation package, allowances, and career growth opportunities can help you make an informed decision. In this blog, we will break down the salary details for the Central Bank of India Credit Officer position in 2025.
Central Bank of India Credit Officer Salary 2025:- Key Highlights
Feature | Details |
---|---|
Total Vacancies | 1000 (Category-wise distribution available in the official notification) |
Post Name | Credit Officer (General Banking) |
Grade | Junior Management Grade Scale I (JMGS-I) |
Pay Scale | Rs. 48,480 – 85,920 (including increments and allowances) |
Application Mode | Online |
Official Website | Central Bank of India |
Basic Pay Structure
The Central Bank of India offers an attractive salary package for its Credit Officers in Junior Management Grade Scale-I (JMGS-I). The pay scale for 2025 is structured as follows:
Basic Pay: ₹48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920
This means:
- The starting basic pay is ₹48,480 per month.
- Annual increments of ₹2,000 for the first 7 years, reaching ₹62,480.
- After that, increments of ₹2,340 for the next 2 years, taking the salary to ₹67,160.
- Finally, increments of ₹2,680 for the next 7 years, with a maximum basic pay cap at ₹85,920.
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Allowances and Perks
Apart from the basic pay, Credit Officers in the Central Bank of India are entitled to various allowances and benefits:
- Dearness Allowance (DA): Updated quarterly based on the All India Consumer Price Index.
- House Rent Allowance (HRA): Depends on the job location:
- Metro Cities: 9% of Basic Pay
- Other Cities: 7-8% of Basic Pay
- Special Allowance: Given as a percentage of the basic pay.
- Medical Allowance: Covers medical expenses for employees and their dependents.
- Leave Benefits: Includes casual leave, sick leave, and privilege leave.
- Leased Accommodation: Option for leased housing in certain locations.
- Provident Fund and Pension Benefits: Contributory pension scheme for retirement security.
- Travel and Transport Allowance: Reimbursement for official travel expenses.
Salary During Training Period
Before full-time absorption, selected candidates must complete a 1-year Post-Graduate Diploma in Banking & Finance (PGDBF). During this period:
- First 9 months (Classroom Training): A stipend of ₹2,500 per month.
- Final 3 months (On-Job Training): A stipend of ₹10,000 per month.
Salary Growth and Career Prospects
A Credit Officer in JMGS-I can expect steady career growth through internal promotions. The progression is usually as follows:
- Assistant Manager (JMGS-I) → Manager (MMGS-II) → Senior Manager (MMGS-III) → Chief Manager (SMGS-IV) → Assistant General Manager (SMGS-V) → Deputy General Manager (SMGS-VI) → General Manager (SMGS-VII)
With experience and performance, promotions can lead to significant salary hikes and additional perks.
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Central Bank of India Credit Officer: Important Dates
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Event | Date |
Online Application Start Date | January 30, 2025 |
Last Date to Apply | February 20, 2025 |
Online Exam Date | To be announced later |
Interview Date | To be informed later |
Central Bank of India Credit Officer Vacancy 2025
Post Name: Credit Officer in Mainstream (General Banking)
Grade/Scale: Junior Management Grade Scale I (JMGS-I)
Category-wise Distribution of Vacancies:
Category | SC | ST | OBC | EWS | GEN | Total |
---|---|---|---|---|---|---|
Vacancies | 150 | 75 | 270 | 100 | 405 | 1000 |
Reservations for Persons with Benchmark Disabilities (PwBD):
- HI (Hearing Impaired): 10
- VI (Visually Impaired): 10
- OC (Orthopedically Challenged): 10
- ID (Intellectual Disability): 10
Central Bank of India Credit Officer: Syllabus PDF
Central Bank of India Credit Officer: Exam Pattern
The selection process for the Credit Officer (General Banking) in Junior Management Grade Scale I (JMGS-I) consists of:
- Online Examination (Objective & Descriptive Test)
- Personal Interview
Structure of Online Examination
Section | No. of Questions | Marks | Time |
---|---|---|---|
English Language | 30 | 30 | 25 min |
Quantitative Aptitude | 30 | 30 | 25 min |
Reasoning Ability | 30 | 30 | 25 min |
General Awareness (Banking) | 30 | 30 | 15 min |
Descriptive (Letter Writing & Essay) | 2 | 30 | 30 min |
Total | 122 | 150 | 2 hours |
Note: There is no negative marking in the exam.
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The Central Bank of India Credit Officer role offers a stable career with a competitive salary and multiple benefits. The pay structure, along with allowances, makes it a lucrative option for banking aspirants. If you meet the eligibility criteria and are willing to undergo the PGDBF training, this could be a fantastic opportunity for career growth in the banking sector!