PGDBF in CBI 2025: Final Result of Recruitment of Credit Officers in Junior Management Grade Scale-I

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Recruitment of Credit Officers in Junior Management Grade Scale-I through PGDBF: A Complete Guide

Are you aspiring to build a career in banking as a Credit Officer? The Central Bank of India has opened doors for dynamic graduates with its recruitment drive for Credit Officers in Junior Management Grade Scale-I (JMGS-I). This opportunity comes with a structured Post-Graduate Diploma in Banking & Finance (PGDBF) program, designed to equip selected candidates with essential banking skills before their formal induction. In this blog, we’ll dive into all the factual details, including eligibility, selection process, course specifics, and more. Whether you’re a fresh graduate or looking to switch careers, this could be your gateway to a rewarding role in one of India’s leading public sector banks.

To Download Central Bank JMGS-1 Final Result: Click here

Overview of the Recruitment: PGDBF

The Central Bank of India, a prominent public sector bank with over 4,500 branches and a vast employee base, released the notification for recruiting 1000 Credit Officers in JMGS-I on January 30, 2025. The unique aspect of this recruitment is that selected candidates must complete a mandatory PGDBF course before being appointed. This program ensures that officers are well-trained in banking operations, credit management, and finance.

The recruitment aims to fill positions in mainstream general banking, with reservations applied as per government norms. The process is competitive, involving an online exam and interview, followed by the diploma course.

Vacancy Details: PGDBF

A total of 1000 vacancies are available for the post of Credit Officer in JMGS-I. Here’s the category-wise breakdown:

Category	Number of Vacancies
SC	150
ST	75
OBC	270
EWS	100
GEN	405
Total	1000

Additionally, there are horizontal reservations for Persons with Benchmark Disabilities (PWBD): 10 vacancies each for Hearing Impaired (HI), Visually Impaired (VI), Orthopedically Challenged (OC), and Intellectual Disability (ID). Note that these numbers are provisional and may be adjusted based on the bank’s requirements.

Eligibility Criteria: PGDBF

To apply, candidates must meet the following criteria as of November 30, 2024:

Nationality

Citizen of India, or
Subject of Nepal/Bhutan, or
Tibetan refugee who arrived in India before January 1, 1962, intending permanent settlement, or
Person of Indian origin from specified countries (Pakistan, Burma, Sri Lanka, etc.), with a certificate of eligibility from the Government of India.

Age Limit

Minimum: 20 years
Maximum: 30 years (born between November 30, 1994, and November 30, 2004, inclusive)
Age Relaxations:
- SC/ST: 5 years
- OBC (Non-Creamy Layer): 3 years
- PWBD: 10 years
- Widows/divorced women (not remarried): Up to 35 years (GEN/EWS), 38 years (OBC), 40 years (SC/ST)
- Persons affected by 1984 riots:s 5 years
  Relaxations are cumulative only in specific cases.

Educational Qualification

A Bachelor’s degree in any discipline from a recognized university/institute.
Minimum marks: 60% or equivalent (55% for SC/ST/OBC/PWBD).
Candidates must have the degree certificate/mark sheet by the cut-off date, with percentage calculated to two decimal places. CGPA/OGPA must be converted to percentage as per university norms.

No prior experience is required for this recruitment.

Application Process and Important Dates: PGDBF

Applications were invited online through the official website or IBPS portal. The process involved registration, filling details, uploading documents, and fee payment.

Notification Release: January 30, 2025
Online Application Start: January 30, 2025
Online Application End: February 20, 2025 (extended to March 10, 2025, as per some updates)
Application Fee:
- SC/ST/PWBD/Women: ₹150 + GST
- Others: ₹750 + GST
Online Exam Date: April 5, 2025
Interview Dates: July 23-25, 28-29, 2025
Final Result: August 26, 2025

Payments were made online, and candidates were advised to keep transaction details safe.

Selection Process for PGDBF in Central Bank

The selection is a two-stage process:

Online Examination:

Objective Test (120 marks, 90 minutes):

Section	Questions	Marks	Time	Medium
English Language	30	30	25 min	English
Quantitative Aptitude	30	30	25 min	English/Hindi
Reasoning Ability	30	30	25 min	English/Hindi
General Awareness (Banking)	30	30	15 min	English/Hindi

Descriptive Test (30 marks, 30 minutes): 2 questions on English (Letter Writing & Essay).
No negative marking. Cut-offs decided based on performance and vacancies.

Personal Interview (50 marks):
- Minimum qualifying: 50% (GEN/EWS), 45% (reserved).
- Final merit based on combined scores (exam + interview), with ties broken by exam marks and age.

Credit History

Candidates must keep a good credit record. At the time of joining the Central Bank of India, they should have a CIBIL score of at least 650 or above.
The required minimum CIBIL score will follow the bank’s policy, which may change from time to time.
Note: Candidates who do not have a bank account will not be asked to provide their CIBIL report. Also, having a CIBIL score is not mandatory at the time of applying.

Post-Graduate Diploma in Banking & Finance (PGDBF)

After provisional selection, candidates must complete the PGDBF course to be appointed:

Duration: 1 year (9 months classroom training + 3 months On-Job Training at bank branches).
Course Fees: Not explicitly mentioned in the notification; candidates may need to bear or it could be sponsored by the bank (check official updates).
Stipend:
- Classroom phase: ₹2,500 per month
- OJT phase: ₹10,000 per month
Bond/Service Agreement: Upon successful completion, candidates are absorbed on a 2-year probation. Failure to pass may lead to termination or extension. A service bond might apply to ensure commitment post-training (typically 2-3 years, but details not specified in the notification).

The course is conducted in collaboration with reputed institutions, focusing on banking, finance, credit analysis, and regulatory compliance.

Salary and Emoluments

Upon successful completion of PGDBF and probation, officers in JMGS-I receive:

Pay Scale: ₹48,480 – 2,000/7 – 62,480 – 2,340/2 – 67,160 – 2,680/7 – 85,920
Plus allowances like DA, HRA, CCA, medical aid, etc., as per bank rules.
Approximate CTC: Around ₹10-12 lakhs per annum (varies by location).

Confirmation in the Banks Service

Bank may conduct separate written/online test prior to confirmation of candidates passing Post-Graduate Diploma in Banking & Finance after induction as a Credit Officer in JMGS-I General Banking (Mainstream) on regular basis and his/her confirmation in the Bank’s services shall be subject to qualifying the said test as per the norms of the Bank.

Tips for Aspirants

Preparation: Focus on banking awareness, reasoning, and quantitative skills. Practice descriptive writing for essays and letters.
Documents: Keep caste/income/disability certificates ready if applicable.
Updates: Check the official Central Bank of India website for any extensions or changes, especially since the process concluded with final results on August 26, 2025.

This recruitment offers a stable career with growth opportunities in credit management and banking. If you missed this cycle, keep an eye on future notifications. Stay informed, prepare diligently, and aim high!