Central Bank of India Specialist Officer (SO) Notification 2023-2024

The Central Bank of India Specialist Officer (SO) Notification released for 2023 exam on February 28, 2023 for 147 vacancies.

On November 23, 2021, the Central Bank of India notified 115 vacancies for various Specialist Officer (SO) posts. However, on December 16, 2021 the number of vacancies was revised to 214. The SO online exam was held on January 22, 2022 and interviews for shortlisted candidates were held from April 25 to April 30, 2022. The final results of the SO exam are expected to be published soon. More information related to the SO 2022-23 notification, the application process etc is given below.

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Vacancies for the Central Bank of India SO Posts 2023-24

For 2023 exam, 147 vacancies are released. The category-wise and post-wise revised vacancies for the SO post are given in the tables below.

Vacancies for the Central Bank of India SO Posts (February 28, 2023)
Sr.

No.

 SCALE/ROLE SC ST OBC EWS GEN TOTAL HI OC VI ID
Technical
– Scale Name of

the Post

 Vacancy
1 IV CM – IT

(Technical)

 1 – 3 1 8 13 – – – –
2 III SM – IT

(Technical)

 5 2 9 3 17 36 – 1 – –
3 II Man – IT

(Technical)

 11 5 20 7 32 75 1 1 1 –
4 I AM – IT

(Technical)

 1 – 3 1 7 12 – – – –
Mainstream
– Scale Name of

the Post

 Vacancy
1 IV CM

(Functional)

 – – 1 – 4 5 – – – –
2 III SM

(Functional)

 – – 1 – 5 6 – – – –
Total 18 7 37 12 73 147 1 2 1 0

Vacancies for the Central Bank of India SO Posts 2022-23

Initially 115 vacancies were notified by the Central Bank of India. Later the number of vacancies was revised to 214. The category-wise and post-wise revised vacancies for the SO post are given in the tables below.

Vacancies (Old) for the Central Bank of India SO Posts (November 23, 2021)
S.  

No. 

 Category  Scale  SC  ST  OBC OBC EWS  GEN /  UR  TOTAL
1 Economist V 0 0 0 0 1 1
2 Income Tax Officer V 0 0 0 0 1 1
3 Information Technology V 0 0 0 0 1 1
4 Data Scientist IV 0 0 0 0 1 1
5 Credit Officer III 1 0 2 1 6 10
6 Data Engineer III 1 0 2 1 7 11
7 IT Security Analyst III 0 0 0 0 1 1
8 IT SOC Analyst III 0 0 0 0 2 2
9 Risk Manager III 0 0 1 0 4 5
10 Technical Officer(Credit) III 0 0 1 0 4 5
11 Financial Analyst II 3 1 5 2 9 20
12 Information Technology II 2 1 4 1 7 15
13 Law Officer II 3 1 5 2 9 20
14 Risk Manager II 1 0 2 1 6 10
15 Security II 0 0 0 0 3 3
16 Security I 1 0 2 0 6 9
                                            Total  12  3  24  8  68  115
Revised Vacancies for the Central Bank of India SO Posts 

(December 16, 2021)
S. 

No.

 Category  Scale SC  ST  OBC  EWS  GEN /  UR  TOTAL Out of which (PWBD)
HI  OC  VI  ID
1 IT V 0 0 0 0 1 1
2 Economist V 0 0 0 0 1 1
3 Income Tax

Officer

 V 0 0 0 0 1 1
4 Data Scientist IV 0 0 0 0 1 1
5 Risk Manager III 0 0 1 0 4 5
6 IT SOC Analyst III 0 0 0 0 2 2
7 IT Security

Analyst

 III 0 0 0 0 1 1
8 Technical

Officer(Credit)

 III 2 1 4 1 8 16
9 Credit Officer III 1 0 2 1 6 10
10 Data Engineer III 1 0 2 1 7 11
11 Risk Manager II 2 1 4 1 10 18
12 Law Officer II 3 1 7 2 13 26 1
13 IT II 10 5 18 6 30 69 1 1
14 Security II 0 0 0 0 3 3
15 Financial Analyst II 3 1 5 2 9 20
16 Credit officers II 2 1 3 1 7 14
17 Economist II 0 0 0 0 2 2
18 Security I 1 0 3 1 8 13
                          Total  25  10  49  16  114  214  1  2  0  0

Salary of the Central Bank of India Specialist Officer (SO) 2023-24

The remuneration provided to selected candidates for the SO posts is based on the pay scale given below. Candidates are also given other allowances based on the Central Bank of India’s policy.

Central Bank of India Specialist Officer (SO) Pay Scale
GRADE/SCALE  SCALE OF PAY
JMG SCALE I 36000-1490(7)-46430-1740(2)-49910-1990(7)-63840
MMG SCALE II 48170-1740(1)-49910-1990(10)-69810
MMG SCALE III 63840-1990(5)-73790-2220(2)-78230
SMG SCALE IV 76010-2220(4)-84890-2500(2)-89890
TMG SCALE V 89890-2500(2)-94890-2730(2)-100350

Eligibility Criteria for the Central Bank of India SO Post 2023-24

Aspirants who wish to apply for the Central Bank of India Specialist Officer (SO) post must carefully go through the eligibility criteria like educational qualification, age limit, experience etc given in the official notification published by the bank. If candidates do not meet the eligibility threshold at any stage of the selection process, their candidature will be cancelled. An overview of the Central Bank of India SO eligibility criteria is given in the tables below.

Central Bank of India Specialist Officer (SO) Nationality/Citizenship 
S.No. Eligibility Criteria
A candidate must be either:
1 A Citizen of India or
2 A subject of Nepal or
3 A subject of Bhutan or
4 A Tibetan refugee who came over to India before 1st January, 1962 with the intention of  permanently settling in India or
5 A person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African  countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and  Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently  settling in India
Central Bank of India Specialist Officer (SO) Educational Qualification and Experience
S.No. Name of the Post/Scale Educational Qualification and Experience
1 Economist /

AGM-Scale V
  • PhD in any one of the following  subjects

a) Economics

b) Banking

c) Commerce

d) Economic Policy

e) Public Policy

  • Minimum 5 years work  experience in Commercial bank  or any other PSU‟s.
2 Income Tax

Officer /

AGM-Scale V
  • Chartered Accountant (preferably  passed in one attempt)
  • Minimum 10 years post  qualification experience (as on  30.09.2021) in the field of Direct  Taxation -Supervisor in any  Financial Institution/ PSU Bank/  Private sector banks/ Big four  CA firm/ category 1 Chartered  Accountant firm prescribed for  Bank audit as per RBI  guidelines.
3 Information

Technology /  AGM-Scale V

 1. Compulsory:  

a. Full-time Master‟s or  Bachelor‟s degree in  Engineering disciplines like  Computer Science/  Information Technology/  Electronics & Communication or Master‟s in Computer  Application from a University/  Institute recognized by  Government of India or its  Regulatory bodies

OR

b. Full time Master‟s or  Bachelor‟s degree in Data  Analytics/AI &  ML/Digital/Internet

Technologies from a  reputed/recognised university/Institute

2. Desirable :  

a. Certification/Diploma/ Degree in any area  related to Digitization like Digital Transformation, Digital Product Management etc.

OR

b. Certification in Data  Analytics/AI &  ML/Digital/Internet

Technologies from a  reputed/recognised

university/Institute.

Experience

a. Minimum 10-12 years‟  experience in a similar  role in designing and  launching digital  products/platforms in

BSFI Sector or Fintech  companies

B. Proven track record of  implementing digital transformation  projects/Digital  Marketing

c. Should have an  innovative mindset

d. Experience in Managing  and Leading Digital  Team
4 Data Scientist  / CM – Scale  IV
  • Post Graduate Degree in Statistics/Econometrics/Mathematics/Finance/

Economics/Computer Science or B.E./B.Tech in  Computer Science/ IT from Indian  University/ Institute recognized by  Govt. Bodies/AICTE.

  • Minimum 8-10 Years of  relevant post qualification  experience in the area of Data  Analytics/Data Science/Data  Statistics/Data Mining in  commercial Bank/ financial  companies/ financial services  organisations/IT services  companies with financial  domain.
5 Credit Officer  / SM – Scale  III
  • CA / CFA / ACMA

OR

MBA(Finance), MBA finance  should be from a recognized college  / institute completed full time  regular course.

Additional qualification  preferably: JAIIB & CAIIB

  • Experience:

CA/CFA/ ACMA – 3 years &  above (Post Qualification  Experience) of PSBs, FIs, Credit  Rating Agencies & NBFCs  (AUM Rs.10000 crore) in  Corporate Credit Appraisal /  Assessment.

For MBA (Finance) – 4 years &  above (Post Qualification  Experience) of PSBs, FIs, Credit  Rating Agencies & NBFCs  (AUM Rs.10000 crore) in  Corporate Credit Appraisal /  Assessment.
6 Data Engineer  / SM – Scale  III
  • Post Graduate Degree (or  equivalent Diploma) in  Statistics/Econometrics/ Mathematics/ Finance/ Economics/ Computer Science or B.E./B.Tech in  Computer Science/IT from Indian  University/Institute recognized by  Govt. Bodies/AICTE.
  • Minimum 5 Years of relevant  post qualification experience in  the area of Data Analytics/Data  Science/Data Statistics/Data  Mining in commercial  Bank/financial companies/financial services  organisations/IT services companies with financial  domain.
7 IT Security

Analyst / SM  – Scale III
  • Engineering Graduate in Computer  Science / IT / ECE or MCA /  M.Sc. (IT) / M.Sc. (Computer  Science) from a recognized  University / Institute.  Certification (Compulsory): CISA / CISSP / CISM / CRISC  /CEH certification
  • Minimum 6 years’ of post basic  qualification experience in IT,  out of which minimum 3 years  in Ethical Hacking / Red  Teaming / Threat Hunting /  VAPT / Application Security /  Digital Forensic Analysis.
8 IT SOC

Analyst / SM  – Scale III
  • Engineering Graduate in Computer  Science / IT / ECE or MCA /  M.Sc. (IT) / M.Sc. (Computer  Science) from a recognized  University / Institute.
  • Certification (Compulsory): CISA / CISSP / CISM / CRISC  /CEH certification
  • Minimum 6 years’ of post basic  qualification experience in IT,  out of which minimum 3 years  in SOC operations like Event  Analysis, Rule creation,  automation, Asset Integration,  Incident management,  Monitoring and compliance.
9 Risk Manager  / SM – Scale  III
  • Basic Qualifications – MBA in  Finance or/& banking or its  equivalent/Post Graduate  Diploma in Banking or/&  Finance/Post Graduate  Diploma in Banking & Finance or its equivalent/Post Graduate  in Statistics
  • Preferable Professional  Qualification – FRM/CFA/Diploma in Risk  Management/PRM/Advanced  Degree in analytical field (e.g.  Statistics, Economics, Applied  Maths, Operations Research,  Data Science fields)
  • Preferable Certification –   Certification in SPSS/SAS
  • Experience – Minimum 3 years  post qualification experience in  Risk Management / Credit / Treasury / ALM
10 Technical

Officer(Credit)  / SM – Scale  III
  • Degree in Engineering in Civil/  Mechanical/Production/Metallurgy /Textile/Chemical.
  • 3 Years’ experience in TEV  study/Project appraisal with  Banks/FIs.
11 Financial

Analyst /

Manager –

Scale II
  • A pass in final examination of the  Institute of Chartered Accountants  of India (ICAI)/ Institute of Cost  and Works Accountants of India  (ICWAI) or MBA with  specialisation in Finance from a  reputed institute.
  • For CA/ICWA Candidates – NIL

For Candidates with MBA  (Finance) – 3 years experience  as an officer in a Public Sector  Bank/ Undertaking in the  reputed field.
12 Information  Technology /  Manager –

Scale II
  • 3 years Engineering Degree in  Computer Science/Computer Applications/ Information   Technology/Electronics/ Electronics and  telecommunications /Electronics  and Communications /Electronics  and Instrumentation  OR

Post graduate degree in  Electronics / Electronics &  Telecommunication / Electronics  & Communication/ Electronics &  Instrumentation/ Computer  Science/ Information Technology/  Computer Applications from a  University/Institution/Board recognized by Government of  India /approved by Government  registered body.

OR

Graduate having passed DOEACC  “B” level

  • Post Qualification Work Experience – 2 years in IT field.
13 Law Officer /  Manager – Scale II
  • A Bachelor Degree in Law (LLB)
  • Post Qualification Experience: – Enrolled as an advocate with Bar  Council and 3 years’ experience  of practice at Bar or Judicial  service and/or 2 years as a Law  Officer in the Legal Deptt. of a  Scheduled Commercial Bank or  the Central/State Government or  of a Public Sector Undertaking  and candidates should produce a certificate of having the requisite  post qualification work  experience from the Court/Bar  council /organisation.
14 Risk Manager/ Manager –

Scale II
  • MBA/Post Graduate Diploma in  Banking / & Finance /Post  Graduate in Statistics/Maths/ Post  Graduate Diploma in Banking &  Finance with aggregate of at least 60% marks from Indian  University/Institute recognized by  Govt. Bodies/AICTE.
  • Additional Preferable Professional  Qualification: FRM/CFA/Diploma  in Risk Management
  • Minimum 2 Years of post qualification experience in Risk  Management/Credit/Treasury /ALM
15 Security/

Manager –

Scale II
  • Should be a Graduate.  Medical Category- Shape  1/equivalent (as mentioned in  discharge orders/relevant  documents). Computer Literacy: Operating and  working knowledge in computer  systems like MS  Office (Word,Excel,PPT etc.)
  • Ex-Commissioned Officers of  the Rank of Captain or above  from Indian Army with minimum 5 years‟ service or  equivalent rank from Air Force,  Navy and Para Military Forces.
16 Security / AM  – Scale I
  • Should be a Graduate.

Medical Category- Shape  1/equivalent (as mentioned in  discharge orders/relevant  documents).

Computer Literacy: Operating and  working knowledge in computer  systems like MS  Office(Word,Excel,PPT etc.)

  • Ex-Junior Commissioned  Officers with minimum 5 years‟  service as JCO in Indian Army  or equivalent rank from Air  Force, Navy and Para Military  Forces.
Age Limit for the Central Bank of India Specialist Officer (SO) Post
S.No. Name of the Post/Scale Age Limit
1 Economist / AGM-Scale V Minimum  30 years

Maximum  45 years
2 Income Tax Officer /  AGM-Scale V Minimum 35 years

Maximum  45 Years
3 Information Technology / AGM-Scale V Minimum  35 years

Maximum  50 years
4 Data Scientist  / CM – Scale  IV Minimum  28 years  and  Maximum  35 years
5 Credit Officer  / SM – Scale  III Minimum 26 Years  and  Maximum 34 Years
6 Data Engineer  / SM – Scale  III Minimum 26 Years and  Maximum  35 Years
7 IT Security Analyst / SM  – Scale III Minimum 26 Years and  Maximum  40 Years
8 IT SOC Analyst / SM  – Scale III Minimum 26 Years and  Maximum  40 Years
9 Risk Manager  / SM – Scale  III Minimum 20 Years  and  Maximum  35 Years
10 Technical

Officer(Credit)  / SM – Scale  III

 Minimum 26 Years

and

Maximum  34 Years
11 Financial

Analyst /

Manager –

Scale II

 Minimum  20 years

Maximum  35 years
12 Information  Technology /  Manager –

Scale II

 Minimum  20 years

Maximum  35 years
13 Law Officer /  Manager –

Scale II

 Minimum  20 years

Maximum  35 years
14 Risk Manager/ Manager –

Scale II

 Minimum  20 years

Maximum  35 years
15 Security/ Manager –

Scale II

 Minimum  26 years

Maximum  45 years
16 Security / AM  – Scale I Minimum  26 years

Maximum  45 years
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Age Relaxation for the Central Bank of India Specialist Officer (SO) Posts

Along with the age limit and other eligibility criteria, the Central Bank of India has also provided guidelines pertaining to the relaxation of the upper age limit for various categories of candidates, details of which are given in the table below.

Age Relaxation for the Central Bank of India Specialist Officer (SO) Posts
S. No.  Category  Age Relaxation
1 Scheduled Caste/Scheduled Tribe Candidates 5 years
2 Other Backward classes (OBC) candidates 3 years
3 Children/Family members of those who died in the 1984 riots 5 Years

Exam Dates for the Central Bank of India SO Posts 2023-24

Candidates who aim to write the upcoming Specialist Officer (SO) exams conducted by the Central Bank of India should understand the bank’s selection procedure and time taken to complete the entire examination process. Important exam dates related to the SO exam 2023-24 are given in the table below.

Important Exam Dates for Central Bank of India SO Post 2023-2024
S.No. Events Important Dates
1 Date of release of Central Bank of India SO exam notification February 28, 2023
2 Opening Date for On-line Registration February 28, 2023
4 Closing Date for On-line Registration March 15, 2023
5 Date of release of Central Bank of India SO exam exam admit card Yet to be released
6 Date of Central Bank of India SO written exam March/April 2023
7 Date of release of Central Bank of India SO written exam results Yet to be announced
8 Date of Central Bank of India SO interview Yet to be announced
9 Date of release of Central Bank of India SO exam final results Yet to be announced

Central Bank of India SO Application Process 2023-24

Aspirants can follow the steps given below to apply for the Central Bank of India (SO) exam:

  • Visit the official website of the Central Bank of India i.e. centralbankofindia.co.in.
  • Click on the ‘Recruitment’ icon on the homepage of the official website.
  • Search for “ Recruitment process for selection of officers in Specialist category in various streams- 2023-24”
  • Candidates should select the “Click here to apply online” option.
  • A new page will appear on the screen. Candidates should select the ‘Click Here for New Registration’ tab and register for the exam. Candidates should ensure that they have a valid mobile number and an e-mail id before registering for the exam.
  • A provisional registration number and password will be generated and it will be sent to the candidate via email & SMS.
  • Applicants should login again using the provisional registration number password and fill in the required information. While filling out the online application form, candidates should click on the ‘Save &  Next’ button to verify the details and save the information.
  • Candidates should upload their Photo & Signature as per the specifications given in the official notification released by the bank.
  • Applicants should click on the ‘Final Submit’ button after checking the entire application thoroughly. Candidates should remember that they will not be allowed to change any entries in the online application form after its submission.
  • After filling out the online application form, applications should pay the exam fee. An e-receipt will be generated after the exam fee is successfully paid.
  • Candidates should download and take a printout of the application form and the e-receipt for future reference.

Application Fee for the Central Bank of India SO Exam 2023-24

The details of the application fee that has to be paid by various categories of candidates for the Specialist Officer (SO) exam are given in the official notification published by the Central Bank of India. Candidates have to pay the exam fee online and the following payment modes can be used:

  • Debit Cards (RuPay/Visa/MasterCard/Maestro)
  • Credit  Cards
  • Internet Banking
  • IMPS
  • Cash Cards/ Mobile Wallets

Applicants should remember that their application will not be considered if they are unable to pay the exam fee. Candidates will get an e-receipt once the online transaction is successfully completed. If candidates do not receive the e-receipt, they should login again and check the status of the online payment transaction. If the transaction has failed then candidates should pay the application fees again. Application fee for various categories of candidates is given in the table below.

Application fee for the Central Bank of India SO Exam 2023-24
Sr. No.  Category  Application fee/ Intimation Charges
1 Schedule Caste/Scheduled Tribe Rs.175 + GST
2 All Other Categories Rs. 850 + GST

Central Bank of India SO Exam Pattern 2023-24

The Central Bank of India conducts an online exam and interview to select candidates for the Specialist Officer (SO) posts. The online examination is of objective type and comprises multiple-choice questions (MCQs). The online exam tests the discipline/stream specific knowledge, computer, banking and general knowledge of the candidates. There is a negative marking of 0.25 marks for each wrong answer. The exam pattern of the online exam conducted by the Central Bank of India for the Specialist Officer (SO) post is given in the table below.

Central Bank of India SO Online Exam Pattern
S. No. Name of the Section/Test No. of  questions Maximum  Marks Duration
1 Stream / category Specific Questions 60 60 60 minutes
2 Computer Knowledge 20 20
3 Banking, Present Economic Scenario &  General Awareness 20 20
Total  100  100

Candidates who pass the online exam will qualify for the interview. The interviews for the Central Bank of India SO posts 2023-24 were conducted through videoconferencing at several zonal and regional offices in India.

Central Bank of India SO Exam Admit Card 2023-24

Applicants can visit the official website of the Central Bank of India to download the admit card. Steps to download the Central Bank of India Specialist Officer (SO) exam admit card is given below..

  • Visit the official website of the Central Bank of India i.e. centralbankofindia.co.in.
  • Click on the ‘Recruitment’ icon on the homepage of the official website.
  • Search for “ Notification- Call Letter Download- Recruitment process for selection of officers in Specialist Category in various Streams-2023-24” and click on “Download Call letter”.
  • Login using the registration number/roll number and password/date of birth.
  • Download and save the PDF for future reference.

Candidates should check the admit card for any discrepancies. In case they find any discrepancies or are unable to download the admit card, they should submit their complaint/query on cgrs.ibps.in

Central Bank of India SO Exam Centre 2023-24

Candidates can select the exam centres of their choice while filling in the online application form. The bank will not entertain any requests related to changing the exam centre, therefore candidates should select the exam centres carefully. A list of exam centres (tentative) for the online test given in the official notification released by the Central Bank of India is given in the table below.

List of Exam Centres for the Central Bank of India SO Online Exam (Tentative)
S.No. Name of Exam Centre (Tentative)
1 Ahmedabad
2 Bengaluru
3 Bhubaneshwar
4 Bhopal
5 Chennai
6 Chandigarh
7 Delhi
8 Guwahati
9 Hyderabad
10 Jaipur
11 Kolkata
12 Lucknow
13 Mumbai
14 Pune
15 Raipur
16 Patna

The list of exam centres for the Central Bank of India SO interview are published by the bank after the declaration of the online examination results. Candidates should regularly check the official website of the Central Bank of India to get recent updates regarding the SO exam centres

Central Bank of India SO Results 2023-24

The results of the online exam for the Central Bank of India Specialist Officer (SO) 2023-24 posts are yet to be declared.

The results of the online exam for the Central Bank of India Specialist Officer (SO) 2022-23 posts were declared on April 12, 2022. The interview for the shortlisted candidates was conducted from April 25 to April 30, 2022. The final results of the SO exam are expected to be released soon. All updates related to the SO 2022-23 exam will be made available here. In order to check the final results, candidates can follow the steps given below.

  • Visit the official website of theCentral Bank of India i.e. centralbankofindia.co.in.
  • Click on the ‘Recruitment’ icon on the homepage of the official website.
  • Search for Specialist Officer Results in various Streams (2023-24) and click on the link.
  • A new page will appear. Candidates should login using their registration number/roll number and password/date of birth.
  • Candidates should download and save the PDF for future reference.

Central Bank of India Specialist Officer (SO) Notification –Download PDF Here

Candidates preparing for other bank exams can go through the links given below.

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