Central Bank Of India SO Salary- Candidates should read over the Central Bank of India Specialist Officer Salary, which varies by post and scale, with information provided for JMGS I, MMGS II, MMGS III, and SMGS IV and V levels.
Each scale offers a unique gross salary reflecting the position’s requirements, and the bank also offers additional benefits and allowances. The salary includes basic pay, allowances, and other perks as per bank policies.
Central Bank Of India SO Salary 2025
Newly appointed Specialist Officers receive a competitive salary and benefits such as medical care, group insurance, and periodic benefits. These allowances make the role highly rewarding and are consistent with the bank’s employee compensation requirements.
Additional salary breakdowns, pay scales, and benefits are provided below. Candidates are encouraged to review these details to gain a better understanding of the Central Bank of India’s pay structure and opportunities for advancement.
Central Bank Of India SO Salary 2025 Overviews
| Recruiter | Central Bank Of India |
| Post Name | Specialist Officer (Various Streams) |
| Starting Pay | Rs 48000 (MMG Scale-II) |
| Allowances | HRA, DA, TA, Medical, Insurance, etc. |
| Category | Education News |
| Official website | www.centralbankofindia.co.in |
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Central Bank of India SO Salary Structure
The salary for the Specialist Officer (SO) role at Central Bank of India is competitive and adheres to the 7th Pay Commission guidelines. The pay scale for different grades offers attractive annual compensation, with additional perks and allowances.
| Post Name | Grade | Pay Scale | Approx Annual CTC |
| Chief Manager | Scale IV | ₹102,300-2980/4-114,220-3360/2-120,940 | ₹35.27 Lakhs |
| Senior Manager | Scale III | ₹85,920-2680/5-99,320-2980/2-105,280 | ₹29.17 Lakhs |
| Manager | Scale II | ₹64,820-2340/1-67,160-2680/10-93,960 | ₹23.54 Lakhs |
| Assistant Manager | Scale I | ₹48,480-2000/7-62,480-2340/2-67,160-2680/7-85,920 | ₹19.38 Lakhs |
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Allowances & Perks
In addition to the basic salary, Specialist Officers (SO) enjoy various benefits, enhancing their overall compensation:
- Dearness Allowance (DA)and House Rent Allowance (HRA), typically ranging between 7% to 10% of the basic pay.
- City Compensatory Allowance (CCA)varies based on posting location, with higher payouts in metropolitan cities.
- Employee and family medical coverage, travel allowancesfor official duties.
- Retirement benefits, including Provident Fund (PF), gratuity, and pension, ensuring financial security after retirement.
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Career Growth with Central Bank of India
The Specialist Officer role provides excellent career growth opportunities within the bank. Promotions are typically based on departmental exams, with performance, experience, and exam success determining eligibility for higher positions. The bank offers a structured promotion path and comprehensive development programs, ensuring long-term career advancement.
Conclusion
In conclusion, the Central Bank of India offers an attractive salary structure for Specialist Officers, including various allowances and benefits that enhance overall compensation. With competitive pay scales, career growth opportunities, and strong retirement benefits, employees enjoy financial stability and job security. Promotions are based on performance and departmental exams, ensuring continuous professional development and advancement within the bank.
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Central Bank Of India SO Salary FAQ’S
What is the salary of a Specialist Officer at Central Bank of India?
The salary for a Specialist Officer ranges from ₹19.38 Lakhs to ₹35.27 Lakhs annually, depending on the grade.
What benefits do Central Bank of India SOs receive?
SOs receive allowances like DA, HRA, CCA, medical coverage, and retirement benefits.
How can Central Bank of India SOs advance in their career?
Career growth is achieved through departmental exams, performance, and experience.
What is the pay scale for an Assistant Manager at Central Bank of India?
The pay scale for an Assistant Manager (Scale I) ranges from ₹48,480 to ₹85,920, with an annual CTC of ₹19.38 Lakhs.
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