Salary
The Bank of India Credit Officer salary follows a structured pay scale that reflects responsibility and seniority. At the Middle Management level, Grade Scale II offers a starting pay of ₹64,820 with annual increments, reaching up to ₹93,960.
Credit Officers in the GBO stream under Grade Scale III begin at ₹85,920 and can progress to ₹1,05,280 through defined increments. Senior Management officers in Grade Scale IV receive a larger scale, starting at ₹1,02,300 and extending to ₹1,20,940.
Along with basic pay, officers are eligible for allowances, benefits, and performance-linked growth.. Have a detailed insight into Bank of India Credit officer 2026 salary from the table below.
| Post | Scale / Grade | Scale of Pay |
|---|---|---|
| Credit Officers (GBO Stream) |
Middle Management Grade Scale-II | 64820 – 2340 (1) – 67160 – 2680 (10) – 93960 |
| Middle Management Grade Scale-III | 85920 – 2680 (5) – 99320 – 2980 (2) – 105280 | |
| Senior Management Grade Scale-IV | 102300 – 2980 (4) – 114220 – 3360 (2) – 120940 |
Bond Period
Candidates selected as Credit Officers in Bank of India are required to submit a security deposit at the time of joining. This deposit serves as a service commitment and is refundable after the completion of three years of satisfactory service.
Officers appointed in Middle Management Grade Scale II must deposit ₹2,00,000, while officers in MMGS III and above are required to deposit ₹3,00,000. If an officer resigns or leaves the bank before completing the mandatory three-year period, the deposited amount will be forfeited. This condition ensures continuity and stability in key operational roles within the bank.
| Post | Maximum Marks | Duration |
|---|---|---|
| Officers in MMGS-II | Rs. 2,00,000 | 3 years |
| Officers in MMGS-III & above | Rs. 3,00,000 | 3 years |
Job Profile
Selected as a BOI Credit Officer you will have various roles and responsibilities to perform. Some of the duties that you need to perform are mentioned below.
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Bank Of India Credit Officer Salary FAQs
Yes, you need to deposit a security amount and serve the bank for a period of 3 years. After successful completion of 3 years of service, this amount will be refunded to you.
You, can be posted anywhere across India where BOI has its branches.
The Bank of India Credit Officer salary is based on a clear and progressive pay structure. In MMGS II, officers start at ₹64,820 and can reach ₹93,960. MMGS III officers begin at ₹85,920 and progress to ₹1,05,280, while MMGS IV salaries range from ₹1,02,300 to ₹1,20,940, along with applicable allowances and benefits..
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