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Bank of India Credit Officer Recruitment 2026 Notification for 779 Posts Salary 2026

Detailed salary breakdown including in-hand salary and allowances.

Salary Structure
ScalePay Scale
MMGS-II₹64,820 – ₹93,960
MMGS-III₹85,920 – ₹1,05,280
SMGS-IV₹1,02,300 – ₹1,20,940
Dearness Allowance (DA)As applicable from time to time
House Rent Allowance (HRA)As per Bank rules
City Compensatory Allowance (CCA)As applicable
Medical BenefitsAs per Bank of India Rules
Leave BenefitsAs per Bank Rules
Retirement BenefitsPension / National Pension System (NPS) and other admissible benefits
Other PerquisitesOther allowances and benefits admissible to Bank of India Officers as per prevailing rules
In-Hand Salary
Monthly Salary₹85,000 – ₹95,000 (Approx., depending on posting location and deductions)
Allowances & Perks
Dearness Allowance (DA)Applicable
House Rent Allowance (HRA)Applicable
City Compensatory Allowance (CCA)Applicable
Special AllowanceApplicable
Learning AllowanceApplicable
Transport AllowanceApplicable
Medical AidApplicable
Group Medical InsuranceApplicable
Leave Fare Concession (LFC/LTC)Applicable
New Pension Scheme (NPS)Applicable
Provident Fund BenefitsApplicable
Leave EncashmentApplicable
Staff Housing Loan at Concessional InterestApplicable
Staff Vehicle LoanApplicable
Staff Overdraft FacilityApplicable
Performance Linked Incentive (PLI)Applicable
GratuityApplicable
Newspaper & Mobile Reimbursement (as per Bank Rules)Applicable
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