Central Bank of India Credit Officer Salary 2025, Check In-Hand, Annual Pay, & Allowances

Central Bank of India Credit Officer Salary: The Central Bank of India has released the Central Bank Credit Officer Notification to recruit 1000 candidates for the officer posts. This position falls under the Junior Management Grade Scale-I (JMGS-I). Selected candidates will have to complete a one-year PG Diploma in Banking & Finance. The Central Bank of India offers a competitive salary package with perks and allowances to its employees. In this blog, we have provided the detailed Central Bank of India Credit Officer Salary 2025 including salary structure, perks and allowances, job profile, career growth, and much more. Candidates who want to appear in the recruitment must read this blog carefully.

Central Bank of India Credit Officer Salary

Selected candidates shall be on probation for a period of TWO years which can be extended by further
period of one year depending on the performance of the candidate. Their confirmation in the bank service will be decided in terms of the provisions of the Central Bank of India (Officers) Service Regulations. The Zone Bank Officer pay basic scale is 48480-2000/7-62480-2340/2-67160-2680/7-85920.

Central Bank of India credit officer salary basic pay structure is given below:

The Central Bank Credit Officer Basic Pay structure is as follows: ₹48,480-2000/ 7-₹62,480-2340/ 2-₹67,160-2680/7-₹85,920.

CBI PGDBF Salary

Central Bank of India (CBI) Credit Officers recruited through the PGDBF (Post Graduate Diploma in Banking and Finance) program, the starting salary after completing the PGDBF Course is in the pay scale of ₹48,480-2000/7-62480-2340/2-67160-2680/7-85920, which translates to a monthly basic salary of ₹48,480. 

Here’s a CBI PGDBF Salary Breakdown: 

• Pay Scale: ₹48,480-2000/7-62480-2340/2-67160-2680/7-85920
• Basic Pay: ₹48,480 per month
• Allowances: The salary is inclusive of various allowances such as TA, DA, HRA, etc.
• Training Period: 1 year (PGDBF Course)
• Training Stipend: ₹2,500 (9 months), ₹10,000 (3 months)

Central Bank of India Credit Officer Salary Structure

A detailed Central Bank Credit Officer Salary Structure in a table format is provided below which includes the pay scale, gross salary, in-hand salary, and other details.

Component	Details
Pay Scale	Rs. 48,480 – Rs. 85,920 (JMGS-I)
Annual Increment	As per bank regulations
Gross Salary	Rs. 55,000 – Rs. 1,00,000 (approx.)
In-Hand Salary	Rs. 50,000 – Rs. 90,000 (approx.)

Annual Increment

The Central Bank Credit Officer Basic Pay is structured as follows: ₹48,480-2000/ 7-₹62,480-2340/ 2-₹67,160-2680/7-₹85,920.

Central Bank Credit Officer Basic Pay
Pay Range	Annual Increments	Number of Years
₹48,480 to ₹62,480	₹2,000	7 years
₹62,480 to ₹67,160	₹2,340	2 years
₹67,160 to ₹85,920	₹2,680	7 years

Central Bank Credit Officer Salary, Perks, and Allowances

Here we have provided the perks and allowances that employees get apart from the basic pay. Below we have mentioned all the perks and allowances including DA, HRA, special allowances, medical allowances, etc.

1. Dearness Allowance (DA): Updated quarterly based on the All India Consumer Price Index.
2. House Rent Allowance (HRA): Depends on the job location:
   • Metro Cities: 9% of Basic Pay
   • Other Cities: 7-8% of Basic Pay
3. Special Allowance: Given as a percentage of the basic pay.
4. Medical Allowance: Covers medical expenses for employees and their dependents.
5. Leave Benefits: Includes casual leave, sick leave, and privilege leave.
6. Leased Accommodation: Option for leased housing in certain locations.
7. Provident Fund and Pension Benefits: Contributory pension scheme for retirement security.
8. Travel and Transport Allowance: Reimbursement for official travel expenses.

Central Bank of India Credit Officer In Hand Salary

After accounting for deductions such as Provident Fund, Professional Tax, and Income Tax, the in-hand salary typically ranges between ₹50,000 and ₹90,000 per month.

Central Bank Credit Officer Job Profile

Candidates who will get selected as credit officers will be responsible for analyzing the loan application, financial information, risk management, etc. They handle loan processes, financial analysis, and maintain relationships with both corporate and retail clients. In addition, they track non-performing assets (NPAs) and recommend strategies for recovery. This role is essential in managing the bank’s credit portfolio and requires strong analytical and decision-making abilities.

Central Bank Credit Officer Career Growth

The Central Bank of India provides the best career growth opportunities to its employees. As they gain experience, their positions increase rapidly. Below we have provided positions from lower to higher that they can get after regular training.

Credit Officer (JMGS-I)

↓

Manager (MMGS-II)

↓

Senior Manager (MMGS-III)

↓

Chief Manager (SMGS-IV)

↓

Assistant General Manager (SMGS-V)

Central Bank Credit Officer Training and Stipend

Candidates who want to become a JMGS I as a credit officer must pass the Post-Graduate Diploma in Banking & Finance (PGDBF). The course duration is one year which includes 9 months of classroom training and 3 months of on-the-job training.

Training Period	Duration	Stipend	Details
Classroom Training	9 months	₹2,500/month	Classroom training period
On-Job Training (OJT)	3 months	₹10,000/month	Practical on-job training
Post-Training Employment	Upon completion	–	Absorbed as Credit Officers in JMGS-I on a two-year probation period

CBI Credit Officer Salary 2025: FAQs