Central Bank of India Specialist Officer is also known as CBI SO. The Central Bank of India holds the Recruitment Exam to fill the openings ranging from economist to data scientist to chartered accountant. The Central Bank of India will soon announce the opening of specialized officer vacancies in its different streams. It will contain all necessary details on education, exam date, eligibility, format, pay, and exam dates.
The two phases of the selection procedure are generally the online test and the interview. Only those who complete the online exam will be invited to the interview. Candidates can submit their online applications at the official website, provided they fulfil the credentials and eligibility criteria. Candidates are advised to confirm their eligibility before applying for the post.
The features of the Recruitment Exam 2023 are listed below:
|Organiser||Central Bank of India|
|Exam Purpose||For the Central Bank of India’s hiring of applicants as specialist officers|
|Exam Frequency||Once a year|
|Application Fee||Schedule Caste/Schedule Tribe candidates: Rs.175/-+GST|
All Other Candidates: Rs. 850/-+GST
|Medium of Exam||CBT (Computer Based Test)|
|Exam Time||1 hour (60 minutes)|
|Exam Level||1 paper with objective questions|
The public has not yet received the official Central Bank of India SO Notification 2023. Essential details for applicants will be included in the notification, such as eligibility standards, test sites, and openings, as well as the start and end dates of the application process, payment deadlines, admit card distribution dates, exam dates and times, result dates, and other crucial rules and guidelines.Central-Bank-of-India-SO-Notification
The formal announcement for the Central Bank of India SO has not yet been made. Candidates can, however, use the exam dates from the prior year to gain a basic notion of the exam schedule. The prospective dates for the CBI SO Recruitment 2023 examinations are shown in the table below:
|Start Date to Applying Online||28th February 2023|
|Last Date for Applying Online||15th March 2023|
|Admit Card||05th April 2023|
|Exam Date||Last Week of April|
|Result Announcement||To be Notified|
On its official website, the Central Bank of India makes the application form available. A candidate must be fully eligible before submitting an online application for the central bank SO exam. Additionally, the applicant must have access to a valid cell phone number and email address.
Before applying, applicants need to have the following documents ready:
The application process for the positions listed below for special officers is as follows:
Step 1: Access the Central Bank of India website.
Step 2: Click the link on the Recruitment page.
Step 3: The application window will open when the link is clicked in the same browser tab.
Step 4: Candidates must enter their information to register on the portal. For the applicant, it would generate a temporary registration number and password.
Step 5: Currently, applicants must upload the following files:
Step 6: Candidates can complete the remaining portions of the application form attentively and submit them after uploading the required documents.
Applicants are responsible for any bank transaction fees when paying application costs online. Following is a table listing the application fees by category:
|Category||Application Fee (INR)|
|SC / ST||175/- + GST|
|Other||850/- + GST|
Before applying, candidates are recommended to read the following carefully:
Along with the formal notice for the recruitment, the Central Bank of India also released the Central Bank SO Eligibility Criteria. Before applying, candidates must confirm that they meet all eligibility requirements regarding age, experience, etc. Applications will be dismissed if it is discovered that the candidates provided false information or did not meet the qualifying requirements. To learn more about the Central Bank SO Eligibility Criteria, continue reading.
To avoid having their application rejected at any suitable level of the hiring procedure, candidates must meet all of the Central Bank SO Eligibility Criteria. The following explanations of the crucial qualifying criteria:
The following list of positions’ age requirements:
Currently, applicants from specific reserved groups are given an age relaxation:
|SC / ST||5 years|
|Children and family members of the 1984 riot victims||5 years|
Depending on the position one applies to, the Central Bank SO Eligibility Criteria for education and experience change. For candidates to be eligible to sit for the CENTRAL BANK OF INDIA SO Recruitment Exam, they must also be qualified in their respective fields. These prerequisites are:
|Credit officers/3rd||A reputable, recognized college or university should offer a normal course in CA/CFA/ACMA/MBA in Finance.|
|Risk Manager/II||B.Tech./MCA with an overall grade point average of 60% and an MBA (Finance)/M.Sc./ Math/M.Sc. Statistics/ or it is equivalent from a reputable institution/university.|
|Security Officer/III||An applicant must be a graduate of an accredited university or have a Central Government-approved equivalent certification.|
|Security Officer/I||A bachelor’s degree and proficiency with Microsoft Office (Word, Excel, PowerPoint, etc.).|
|Risk Manager/III||A Postgraduate degree in banking or finance, or an MBA in finance.|
|CDO/Chief Data Scientist /IV||Graduate with a foundation in statistics, economics, applied science, and science (engineering).|
|Financial Analyst/II||Passed the exam for the Indian Institute of Cost and Works Accountants (ICAI), the Indian Institute of Cost and Works Accountants (ICWAI), or obtained an MBA in Finance from a reputable institution with at least three years of experience as an officer.|
|Economist/II||Economics, Rural Economics, or Economics with a Postgraduate degree.|
|Data Architect/III||Degree in Engineering, Science, or a highly specialized field of analysis.|
|Data Analyst/III||Engineering or Science degree|
|Data Engineer/III||Engineering or Science degree|
|Analytics Senior Manager/III||Engineering or Science degree|
|Information Technology/I||A 4-years engineering degree in computer science, computer applications, information technology, or telecommunications from an accredited university.|
An applicant must either be:
To be eligible to apply for the CENTRAL BANK OF INDIA SO Recruitment Exam, the candidates should also have some experience in their line of work. The following criteria apply:
|Security Officer/I||JCO with at least 5 years’ experience in the Indian Army, or service in the Air Force, Navy, or Military.|
|Security Officer/III||At least 10 years of experience in the Indian Army or with the Air Force, Navy, or Military Forces.|
|Credit Officers/3rd||The experience of two years or more in post-qualification of PSBs, Fis, and Credit Rating Agencies (Aluminium RS. 100,000 crore) that combine credit assessment Credit evaluation is included in MBA (finance)-4 years and above in PSBs, Fis, and Credit Rating Agencies (Aluminium RS.10000 crore).|
|CDO/Chief Data Scientist /IV||Should possess in-depth knowledge of sophisticated data science and quantitative business approaches, as well as 8–10 years of professional experience in data science or business analytics, of which 5 years should be in the banking and financial services industry.|
|Financial Analyst/II||ICWAI- N/A 3-year public sector experience and a Finance MBA.|
|Economist/II||3 years’ worth of experience is required, preferably in data collecting, economic analysis, or research.|
|Data Architect/III||3 years’ worth of experience in banking and financial services, out of a minimum of 5 years’ worth of industry experience in a data science or business analytics capacity.|
|Data Analyst/III||IT or data science experience of at least 5 years.|
|Data Engineer/III||IT or data science experience of at least 5 years.|
|Analytics Senior Manager/III||IT or data science experience of at least 5 years|
|Risk Manager/II||Not Applicable|
|Information Technology/I||Not Applicable|
While applying for the position, candidates should be aware of the following information in addition to the Central Bank SO Eligibility Criteria:
Before applying, the candidate should carefully review the Central Bank SO Eligibility Criteria for each position.
On April 5, 2023, the Central Bank of India announced the SO Admit Card. The cycle for this is 2022. Hall tickets for the Central Bank of India SO test can be downloaded up until April 16, 2023. The Central Bank SO Admit Card download instructions, direct links, and other information are provided in this article.
Candidates to download their CENTRAL BANK OF INDIA SO admit card 2023 from the Bank’s website can use the following procedures:
Step 1: Visit the Central Bank’s official website.
Step 2: Select “Careers” from the drop-down menu on the home page.
Step 3: Locate and click on the link for the Central Bank of India SO Admit Card.
Step 4: Enter your date of birth, registration number, or roll number within the login page.
Step 5: A screen will show the admit card.
Step 6: At this point, download or print the PDF file containing the written exam admit card.
The following information on the Central Bank of India SO Admit Card should be double-checked after examining it for any discrepancies:
Candidates should arrive at the exam center with the necessary documentation. Following is a list of the documents:
The applicants taking the Central Bank SO Exam need to follow a few rules. Which are:
Candidates studying for the aforementioned recruitment must be familiar with the exam’s syllabus and format. To focus on the subjects that are often covered in the test, candidates should be familiar with the Central Bank of India SO Syllabus. They should also be familiar with the Central Bank SO test’s exam format and scoring system because doing so will enable them to approach the actual paper with ease and confidence.
CENTRAL BANK OF INDIA SO Recruitment Exam Pattern: Online Test
|Number of Questions||Total Marks||Duration||Total Duration|
1 hour (60 minutes)
|Banking, Present Economic Scenario & General Awareness||20||20|
The candidate would be contacted for the Central Bank of India SO personal interview round once they have successfully achieved the cut-off score for the first round. For this round, they need to keep in mind the following points.
The Central Bank of India SO syllabus covers topics including banking, security, general awareness, and computer expertise. We have listed some crucial points about these themes below.
|Computer Knowledge||Computer AptitudeComputer FundamentalsGenerations of ComputerTypes of ComputersMicrosoft WindowsComponents of Computer|
|General Awareness||India HistoryIndian GeographyIndian EconomyIndian Polity & ConstitutionScientific ResearchSportsBooks and AuthorsImportant DaysCurrent Affairs – National and International|
|Banking, Present Economic Scenario||Development Banks in IndiaRegional rural banks RRBBalance of PaymentPriority Sector LendingImportant Government SchemesHistory of Banking in India|
Candidates who are willing to work for the Central Bank of India as Specialist Officers must keep an eye out for the forthcoming official announcement. It will be published on the bank’s official website, where you can also find the application forms. Two to three weeks before the exam, the Bank releases the admit card. In the same way as online Central Bank of India SO results, they can be accessed using the registration credentials. In the interim, the candidates can study for the tests and assess themselves by completing practice exams and old test questions.
A solid preparation plan is the most crucial component for passing the Central Bank SO exam. For the applicants hoping to pass the next written exam, we have published a list of crucial study tips.
Soon after the written exam is successfully administered, the Central Bank of India will announce the Central Bank of India SO Result. On the official website, candidates can get the Central Bank of India SO Result. For the interview round, only applicants whose names or registration numbers appear on the Central Bank SO merit list will be contacted.
Soon, the Central Bank of India SO Result will be made available on the bank’s careers website. Downloading the Central Bank SO Merit List can be made easier by following the methods listed below.
Step 1: Visit the Central Bank’s official website.
Step 2: Select “Career with us” from the homepage’s menu.
Step 3: Locate and click on the link for the Central Bank of India SO Result.
Step 4: Enter your date of birth, registration number, and password.
Step 5: The Result PDF will show up on the screen.
Step 6: Save or print the outcome for further use.
There will be a lot of information on the applicants who will take the exam included in the Central Bank of India Specialist Officer Result. The list of information that needs to be carefully examined is as follows:
How the CENTRAL BANK OF INDIA SO written exam marks are calculated?
On the official website, the Central Bank SO Exam Pattern and the scoring system have been made available. To determine an approximation of the online written exam’s preliminary scores, follow the steps listed below.
Step 1: The written exam consists of 100 objective-type questions with a possible score of 100.
Step 2: For each correct response that you have marked, add one mark.
Step 3: For incorrect responses, there will be a penalty. For each erroneous response, subtract 14 of a point, or 0.25.
Step 4: Failure to attempt or respond to a question will not result in a penalty.
The Central Bank SO Cut-Off will be released for the written exam on the official website of the Central Bank of India. The candidates who appear for the exam can check the Central Bank SO Cut Off for their category through the careers portal. The candidates will be selected for the post of Central Bank SO based on their performance in the Online Written Exam followed by the Interview Round.
The Central Bank SO Cut Off Marks will be made public for various positions and applicant groups. To download the Specialist Officer Cut-Off marks for the exam, follow the instructions below.
Step 1: Visit the Central Bank’s official website.
Step 2: Select “Careers” from the drop-down menu on the home page.
Step 3: Locate and click on the link for the Central Bank SO Cut-Off Marks.
Step 4: The cut-off marks for each category can be seen on the screen.
Step 5: Save the cut-off list for later use by printing or downloading it.ic on the bank’s website. Check return on this page shortly for more information on the subject.
The Central Bank of India will determine the Central Bank of India SO Salary and Job Profile. According to bank policy, the basic salary, pay scale, and additional allowances are all included in the Central Bank of India Specialist Officer Salary. The Central Bank job description is extremely diversified, thus prospective applicants should be familiar with the duties and responsibilities before applying. The most qualified candidates are chosen for interviews and a written exam by the bank to fill the position of Specialist Officer.
Central Bank of India SO: Annual Package
The Central Bank of India Specialist Officer remuneration in the pay grade for the relevant post, along with any applicable allowances allowed by bank regulation, will be paid to the candidates who are chosen. The pay scale listed below will be used to determine the compensation for the various positions of Central Bank Specialist Officer:
|Security office||MMGS 3rd||42020-1310(5)-48570-1460(2)-51490|
|Risk Manager||MMGS 3rd||42020-1310(5)-48570-1460(2)-51490|
|Analytics-Senior Manager||MMGS 3rd||42020-1310(5)-48570-1460(2)-51490|
|Data Analyst||MMGS 3rd||42020-1310(5)-48570-1460(2)-51490|
|CA/Credit Officer||MMGS 3rd||42020-1310(5)-48570-1460(2)-51490|
|Data Architect||MMGS 3rd||42020-1310(5)-48570-1460(2)-51490|
|Data Engineer||MMGS 3rd||42020-1310(5)-48570-1460(2)-51490|
|Risk Manager||MMGS 2nd||31705-1145(1)-32850-1310(10)-45950|
|Financial Analyst/Credit Officer||MMGS 2nd||31705-1145(1)-32850-1310(10)-45950|
|CDO/Chief Data Scientist||SMGS 4th||50,030-1460(4)-55870-1650(2)-59170|
|Information Technology||JMGS 1st||23700-980(7)-30560-1145(2)-32850-1310(7)-42020|
|Security Officer||JMGS 1st||23700-980(7)-30560-1145(2)-32850-1310(7)-42020|
|JMG Scale I||23700-980(7)-30560-1145(2)-32850-1310(7)-42020|
|MMG Scale II||31705-1145(1)-32850-1310(10)-45950|
|MMG Scale III||42020-1310(5)-48570-1460(2)-51490|
|SMG Scale IV||50,030-1460(4)-55870-1650(2)-59170|
The joinee will also receive several other allowances that are part of the wage structure in addition to the basic pay. The following are some CENTRAL BANK OF INDIA SO benefits and advantages for 2023:
The CENTRAL BANK OF INDIA also includes allowances for furniture, magazine, book, and telephone costs.
The bank’s SO is entitled to various benefits, allowances, and privileges. According to the most recent information and revisions, some of the benefits enjoyed by workers of the Central Bank of India are listed below:
Dearness Allowance – No matter where you live, the bank offers you the ability and benefit to cover all of your living expenses on its duty. It is the portion of your earnings that goes towards the cost of living.
Basic Pay- It is the amount of salary paid to bank employees that does not include any additional funds, such as bonuses or allowances.
House Rent Allowance (HRA) – The term HRA (house rent benefits) refers to the fact that the employee will get housing expenses from banks based on their metro city of residence. Depending on the accommodation of a worker’s position, CBI Bank has approved housing rent allowances of 9 percent, 8 percent, and 7 percent.
City Compensating Allowance (CCA) – CCA is a taxable portion of compensation that is given to employees as recompense for working in the largest city possible to help them maintain a level of living. Instead of being based on the fundamental Pay Scale, it is the set salary. According to the accommodations, the CCA for banks SO is typically 0%, 3%, and 4%.
Special Allowance – The bank only offers a special allowance to scale first officers (7.75%). Scale 2 is exempt from these advantages. These are the performance-based bonuses that employers give to employees in response to their output and regularity.
All allocated responsibilities related to the job profile will be expected of the chosen candidates. The following will be the Central Bank SO Job Profile:
The SO position with the Central Bank offers a sizable compensation package, employment security, promotions, and a wide range of professional opportunities. Every year, the bank also holds departmental tests to help candidates be promoted to higher positions. Promotions are contingent on things like seniority, departmental tests, and job output. Therefore, the applicants ought to carry out their obligations honestly and take part in promotion-related activities whenever they are qualified.
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The selected candidate needs to spend two years on probation after the date of joining.
The minimum age should be 21 years and the maximum age should be 30 years, with the age benefit to reserved categories.
The salary of the CBI Specialist Officer depends on one scale to another. The basic salary of CBI SO Scale I is Rs 36400 and Scale II is 48800, and Scale III is Rs 64600.
The online test has 100 Multiple Choice Questions for 100 Marks per the Central Bank SO test Pattern. The exam will last for 60 minutes. 0.25 marks will be deducted from the final score for each incorrect response.
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