Bank of India, one of the prominent public sector banks in India, has announced a large-scale recruitment drive for experienced professionals to join as Credit Officers under the General Banking Officer (GBO) stream for the year 2026. This recruitment aims to strengthen the bank’s credit operations across various levels of management by appointing skilled officers with strong academic backgrounds and hands-on experience in banking, finance, and credit processing. The opportunity is ideal for candidates looking to build a stable and progressive career in the Indian banking sector, offering attractive pay scales, growth prospects, and the prestige of working with a nationalized bank.
Important Dates
- Online Application Start Date: 20 December 2025
- Last Date to Submit Online Application: 05 January 2026
- Cut-off Date for Age & Qualification Eligibility: 01 November 2025
- Online Examination Date: To be announced later
Candidates are advised to complete the application process well before the deadline to avoid last-minute technical issues.
Vacancy Details
Bank of India has announced a total of 514 vacancies for Credit Officer posts across different management scales. The vacancies are distributed as follows:
Post-wise Vacancy Distribution
- Credit Officer – MMGS-II
- Total Vacancies: 418
- Credit Officer – MMGS-III
- Total Vacancies: 60
- Credit Officer – SMGS-IV
- Total Vacancies: 36
Total Vacancies: 514
These vacancies include reservations for Scheduled Caste, Scheduled Tribe, Other Backward Classes, Economically Weaker Sections, and Persons with Benchmark Disabilities, as per government norms. The number of vacancies may vary depending on the actual requirements of the bank.
Application Fees
The application fee details are not specified in the provided information. Candidates are advised to follow the standard fee structure applicable to public sector bank recruitments, with fee concessions typically available for reserved categories as per government rules.
Eligibility Criteria
Candidates must fulfill all eligibility conditions related to nationality, age, educational qualification, and work experience as on the specified cut-off date.
Nationality
An applicant must be one of the following:
- A citizen of India
- A subject of Nepal or Bhutan
- A Tibetan refugee who came to India before 1 January 1962 with the intention of permanent settlement
- A person of Indian origin who has migrated from specified countries with the intention of permanently settling in India
Candidates belonging to categories other than Indian citizens must possess an eligibility certificate issued by the Government of India.
Age Limit (As on 01 November 2025)
Age Criteria by Post
- Credit Officer MMGS-II: 25 to 35 years
- Credit Officer MMGS-III: 28 to 38 years
- Credit Officer SMGS-IV: 30 to 40 years
Age Relaxation
- SC/ST candidates: 5 years
- OBC (Non-Creamy Layer): 3 years
- Persons with Benchmark Disabilities: 10 years
- Ex-Servicemen and persons affected by specific government-recognized events: 5 years
Age relaxation is applicable as per government guidelines and subject to valid documentation.
Educational Qualifications
Minimum Educational Requirement (All Posts)
- Graduation in any discipline from a recognized university or institute
- Minimum 60% marks for General/EWS candidates
- Minimum 55% marks for SC/ST/OBC/PwBD candidates
The percentage of marks must be calculated as per university norms. Candidates with CGPA must convert it into percentage form.
Post-wise Additional Qualification & Experience
Credit Officer – MMGS-II
- Preferred Qualifications:
- CA / CFA / CMA (ICWA)
- OR MBA / PGDBM in Banking or Finance
- OR Two-year full-time postgraduate degree in Banking, Finance, or any credit-related field
- Work Experience:
- Minimum 3 years post-qualification experience as an officer
- At least 2 years in MSME credit, commercial credit, project finance, or mid/large corporate credit
- Experience must be in public sector banks, private sector banks, listed financial institutions, or foreign banks
Credit Officer – MMGS-III
- Preferred Qualifications:
- CA / CFA / CMA (ICWA)
- OR MBA / PGDBM in Banking or Finance
- OR Two-year postgraduate degree in Banking, Finance, or credit-related fields
- Work Experience:
- Minimum 5 years post-qualification experience
- At least 3 years in MSME, commercial, project, or corporate credit handling
Credit Officer – SMGS-IV
- Preferred Qualifications:
- MBA / PGDBM
- OR Two-year full-time Master’s degree in any discipline
- OR CA / CFA / CMA (ICWA)
- Certification from IIBF in Credit, MSME, or International Trade Finance is an added advantage
- Work Experience:
- Minimum 8 years post-qualification experience
- At least 5 years in handling MSME, commercial, project, or large corporate credit
Salary Scale and Pay Structure
Selected candidates will receive attractive pay scales along with allowances as applicable to Bank of India officers.
Basic Pay Scales
- MMGS-II:
Rs. 64,820 – 93,960 - MMGS-III:
Rs. 85,920 – 1,05,280 - SMGS-IV:
Rs. 1,02,300 – 1,20,940
In addition to basic pay, officers are entitled to Dearness Allowance, House Rent Allowance, medical benefits, leave benefits, pension, and other perquisites as per bank rules.
Selection Process
The selection process for Credit Officers will include the following stages:
- Online Examination
- Interview
- Document Verification
Only candidates shortlisted based on performance in the online examination will be called for the interview. Final selection will be based on merit and fulfillment of eligibility criteria.
Job Role and Responsibilities
Credit Officers play a crucial role in assessing credit proposals, managing loan portfolios, evaluating financial risks, and ensuring compliance with banking regulations. Responsibilities may include:
- Appraisal and processing of loan proposals
- Credit risk assessment and monitoring
- Handling MSME, corporate, and project finance cases
- Ensuring adherence to internal credit policies
- Coordination with branches and business units
- Portfolio management and recovery monitoring
Officers may be posted or transferred anywhere in India based on organizational requirements.
Posting and Service Conditions
- Selected officers are liable to be posted anywhere in India
- Appointment will be subject to medical fitness and background verification
- The designation is indicative and may change as per bank policy
Important Instructions
- Candidates can apply for only one post
- Multiple applications will result in cancellation of earlier applications
- Eligibility once declared cannot be changed at a later stage
- Candidates must produce original documents during the interview
