The Central Bank of India has announced 1,000 vacancies for Credit Officers in Junior Management Grade Scale-I (JMGS-I) through its 2025 recruitment drive. This role offers a structured salary package starting at ₹48,480 per month (basic pay) along with allowances, career growth opportunities, and job security.
Selected candidates undergo a 1-year PGDBF training program with stipends before full-time absorption. The position is ideal for graduates seeking a stable banking career with competitive benefits. Below is a detailed breakdown of the salary structure, job responsibilities, and eligibility criteria.
Central Bank of India Credit Officer Recruitment 2025
| Organization | Central Bank of India |
| Post Name | Credit Officer (JMGS-I) |
| Vacancies | 1,000 |
| Application Dates | 30 January 2025 to 20 February 2025 |
| Selection Process | Online Exam + Interview |
| Pay Scale | ₹48,480 – ₹85,920 (Basic Pay + Allowances) |
| Official Website | www.centralbankofindia.co.in |
Central Bank Credit Officer Salary Structure 2025
Basic Pay Progression
| Pay Range | Annual Increment | Duration | Final Basic Pay |
|---|---|---|---|
| ₹48,480 – ₹62,480 | ₹2,000 | 7 years | ₹62,480 |
| ₹62,480 – ₹67,160 | ₹2,340 | 2 years | ₹67,160 |
| ₹67,160 – ₹85,920 | ₹2,680 | 7 years | ₹85,920 |
In-Hand Salary
| Component | Details |
|---|---|
| Basic Pay | ₹48,480 (starting) |
| Dearness Allowance (DA) | 46–50% of basic pay (varies quarterly) |
| House Rent Allowance (HRA) | 7–9% of basic pay (depends on city: 9% for metros) |
| Special Allowance | 10–15% of basic pay |
| Medical Benefits | Coverage for employee and dependents |
Allowances and Benefits
- Travel Allowance: Reimbursement for official trips.
- Leased Accommodation: Option for bank-leased housing.
- Pension Scheme: Post-retirement financial security.
- Leave Policy: Casual, sick, and privilege leaves.
- Loan Concessions: Preferential rates on home, car, and personal loans.
Training Period and Stipend
- 9 Months (Classroom Training): ₹2,500/month stipend.
- 3 Months (On-Job Training): ₹10,000/month stipend.
Career Growth and Promotions
- Assistant Manager (JMGS-I)
- Manager (MMGS-II)
- Senior Manager (MMGS-III)
- Chief Manager (SMGS-IV)
- Assistant General Manager (SMGS-V)
Job Profile and Responsibilities
- Loan Processing: Evaluating applications, assessing creditworthiness.
- Risk Management: Minimizing defaults and managing NPAs (Non-Performing Assets).
- Compliance: Ensuring adherence to RBI guidelines and bank policies.
- Client Interaction: Advising corporate/retail clients on financial products.
- Documentation: Maintaining records of financial transactions.
Eligibility Criteria For Central Bank Credit Officer
Educational Qualification
- Graduation in any discipline with 60% marks (General/EWS) or 55% (SC/ST/OBC/PwBD).
Age Limit
- 20–30 years (as of 30 November 2004). Relaxation for reserved categories as per norms.
Application Fee
- ₹150 for SC/ST/PwBD/Women candidates.
- ₹750 for General/OBC/EWS candidates.
Central Bank Credit Officer Selection Process
- Online Exam: Tests reasoning, quantitative aptitude, and professional knowledge.
- Interview: Assesses communication skills and banking aptitude.
Key Dates
| Event | Date |
|---|---|
| Application Start Date | 30 January 2025 |
| Application End Date | 20 February 2025 |
Conclusion
The Central Bank of India Credit Officer role offers a starting salary of ₹48,480 with rapid career progression, comprehensive allowances, and job stability. With 1,000 vacancies, this recruitment is a golden opportunity for graduates to build a rewarding banking career. Aspirants should ensure they meet eligibility criteria and prepare thoroughly for the selection process.
