State Bank of India (SBI) has released the official notification for engagement of Specialist Cadre Officers (SCO) on contract basis in its Wealth Management vertical, under Advertisement No. CRPD/SCO/2026-27/23 dated 04.09.2026. The notification covers 207 regular vacancies across seven posts. Online registration is open from 04 September 2026 to 25 September 2026. This article explains eligibility, age limit, salary, selection process and the application procedure based on the official notification.
SBI SCO Recruitment 2026 – Overview
| Particulars | Details |
|---|---|
| Recruiting Authority | State Bank of India (SBI), Central Recruitment & Promotion Department, Corporate Centre, Mumbai |
| Advertisement Number | CRPD/SCO/2026-27/23 |
| Notification Date | 04.09.2026 |
| Post Name | Specialist Cadre Officers – Zonal Head (Retail), Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, AVP Wealth |
| Total Vacancies | 207 (regular), plus additional backlog vacancies for each post |
| Engagement Basis | Contract basis, 5 years (renewable by 4 more years at Bank’s discretion) |
| Mode of Application | Online |
| Selection Process | Shortlisting, Interview (100 marks), CTC Negotiation |
| Official Website | sbi.bank.in/web/careers/current-openings |
SBI SCO 2026 Important Dates
| Event | Date |
|---|---|
| Notification Release Date | 04.09.2026 |
| Online Registration Start Date | 04.09.2026 |
| Last Date for Online Registration and Fee Payment | 25.09.2026 |
| Age Reckoning / Eligibility Cut-off Date | 31.08.2026 |
This information has not yet been confirmed by the official authority: exact interview dates and call letter release dates are not mentioned in the notification and will be announced later on the official website.
SBI SCO Recruitment 2026 Vacancy Details
The notification lists 207 regular vacancies across seven posts, with additional backlog vacancies notified separately for each post. Category-wise (SC/ST/OBC/EWS/UR) and PwBD vacancy break-up, along with the exact backlog numbers, are given in Table A of the official notification PDF and should be checked directly by applicants before applying.
Circle-wise Vacancies (Regular)
| Circle | RM (Team Lead) | Investment Specialist | Investment Officer | VP Wealth | AVP Wealth |
|---|---|---|---|---|---|
| Amaravati | 2 | 0 | 0 | 0 | 0 |
| Bengaluru | 2 | 0 | 1 | 28 | 20 |
| Bhopal | 1 | 1 | 0 | 3 | 4 |
| Bhubaneshwar | 1 | 0 | 1 | 0 | 0 |
| Chandigarh | 1 | 0 | 0 | 0 | 0 |
| Chennai | 0 | 0 | 0 | 6 | 2 |
| Gandhinagar | 1 | 0 | 1 | 2 | 0 |
| Guwahati | 2 | 0 | 0 | 0 | 0 |
| Hyderabad | 1 | 1 | 1 | 9 | 0 |
| Jaipur | 0 | 1 | 0 | 7 | 8 |
| Kolkata | 1 | 1 | 0 | 11 | 6 |
| Lucknow | 2 | 0 | 0 | 0 | 4 |
| Maharashtra | 1 | 1 | 0 | 0 | 0 |
| Mumbai Metro | 0 | 1 | 0 | 0 | 0 |
| New Delhi | 4 | 2 | 0 | 18 | 16 |
| Patna | 2 | 0 | 0 | 0 | 0 |
| Thiruvananthapuram | 3 | 1 | 0 | 7 | 13 |
| Total | 24 | 9 | 4 | 91 | 73 |
Note: Candidates must select three different circles for these five posts (RM-Team Lead, Investment Specialist, Investment Officer, VP Wealth, AVP Wealth) while applying. No request for change of circle preference is entertained after submission.
Zonal Head (Retail) has a suggested place of posting at East Zone (Kolkata), and Regional Head (RH) at Bengaluru, Bhopal, Hyderabad, Guwahati and Patna. A candidate can apply for more than one post if eligible.
Age Limit (As on 31.08.2026)
| Post | Minimum Age | Maximum Age |
|---|---|---|
| Zonal Head (Retail) | 35 | 50 |
| Regional Head (RH) | 35 | 50 |
| Relationship Manager-Team Lead | 28 | 42 |
| Investment Specialist (IS) | 28 | 42 |
| Investment Officer (IO) | 28 | 40 |
| VP Wealth | 26 | 42 |
| AVP Wealth | 23 | 35 |
Maximum age shown is for Unreserved (UR) category candidates. Age relaxation for reserved categories will be given as per Government of India guidelines.
Educational Qualification and Experience
| Post | Mandatory Qualification | Mandatory Experience (as on 31.08.2026) |
|---|---|---|
| Zonal Head (Retail) | Graduate from a Government-recognised University/Institution | Minimum 15 years in Wealth Management/Retail Banking/AMC sales, including 5 years leading a large RM/Team Lead team |
| Regional Head (RH) | Graduate from a Government-recognised University/Institution | Minimum 12+ years in relationship management, including 5+ years leading a large RM/Team Lead team |
| Relationship Manager-Team Lead | Graduate from a Government-recognised University/Institution | Minimum 8 years in relationship management, preferably wealth management |
| Investment Specialist (IS) | PG Degree/Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance or Actuarial Science, or CA/CFA | Minimum 6 years as investment advisor/counsellor/officer in Wealth Management Firms/AMCs |
| Investment Officer (IO) | Same as above | Minimum 4 years as investment advisor/counsellor/officer in Wealth Management Firms/AMCs |
| VP Wealth | Graduate from a Government-recognised University/Institution | Minimum 6 years in sales & marketing with leading banks/wealth firms/AMCs |
| AVP Wealth | Graduate from a Government-recognised University/Institution | 3 years in sales & marketing with leading banks/wealth firms/AMCs, or SBI Wealth CREs with 4 years’ experience |
Preferred qualifications for most posts include an MBA in Banking/Finance/Marketing and certifications such as CFP, CFA, NISM-V-A or NISM 21-A. Teaching and training experience will not be counted for eligibility. Experience of less than six months in any organisation will not be considered.
SBI SCO 2026 Salary (CTC) and Contract Period
| Post | CTC Upper Range (Rs in Lakhs) |
|---|---|
| Zonal Head (Retail) | 97.00 |
| Regional Head (RH) | 66.40 |
| Relationship Manager-Team Lead | 51.80 |
| Investment Specialist (IS) | 44.50 |
| Investment Officer (IO) | 27.10 |
| VP Wealth (SRM) | 44.70 |
| AVP Wealth (RM) | 30.20 |
Annual CTC is negotiable and depends on experience, current emoluments and place of posting. The contract period is 5 years, renewable for another 4 years at the Bank’s discretion. The contract can be terminated by either side with 2 months’ notice, or payment of 2 months’ compensation in lieu. Officers are entitled to 30 days’ leave per financial year.
Application Fee
| Category | Fee |
|---|---|
| UR / EWS / OBC | Rs 750/- (Non-refundable) |
| SC / ST / PwBD | No fee |
Fee must be paid online through the integrated payment gateway using Debit Card, Credit Card or Internet Banking. The fee, once paid, will not be refunded under any circumstances.
Selection Process
- Shortlisting: Based on qualification, experience and suitability. Meeting the minimum eligibility criteria alone does not guarantee an interview call.
- Interview: Personal, telephonic or video interview carrying 100 marks. Qualifying marks will be decided by the Bank.
- CTC Negotiation: Conducted individually with shortlisted candidates at or after the interview.
- Merit List: Prepared in descending order of interview marks only. If candidates tie at the cut-off, ranking is decided by age (older candidate ranked higher).
There is no written examination for this recruitment.
Documents Required
- Recent photograph and signature (as per specified size/format)
- Brief resume (PDF)
- ID proof and PAN card
- Caste certificate and PwBD certificate, if applicable
- Educational mark-sheets/degree certificates
- Experience certificates
- Form-16/Offer Letter/latest salary slip from current employer
- No Objection Certificate (NOC), if applicable
- Bio-data and CTC format
All documents (except photo and signature) must be uploaded in PDF format, A4 size, not exceeding 500 KB.
How to Apply for SBI SCO Recruitment 2026
- Visit the official SBI Careers page at sbi.bank.in/web/careers/current-openings.
- Locate and click on Advertisement No. CRPD/SCO/2026-27/23.
- Download and carefully read the detailed advertisement before applying.
- Register online with a valid, active email ID.
- Upload photograph, signature and all required documents.
- Fill in personal, educational and experience details carefully, and select circle preferences where applicable.
- Pay the applicable application fee through the online payment gateway.
- Submit the form and take a printout of the application and fee e-receipt for your records.
Important: No corrections are allowed after final submission, and no hard copy of the application needs to be sent to SBI.
Common Application Mistakes to Avoid
- Submitting the form without uploading a valid photograph/signature — the application will not register.
- Repeating the same circle across the three required circle choices for the five circle-based posts.
- Applying without an experience certificate that specifically states the relevant field of experience.
- Waiting until the last day, risking website load issues near the closing date.
- Not producing an NOC while currently employed with an SBI Group company.
Important Instructions
- Candidates found ineligible at the interview stage will not be allowed to appear and will not be reimbursed travel expenses.
- Candidates previously issued an offer letter in earlier Wealth Management/Premier Banking (WBPM) recruitment but who did not join are debarred from applying for 2 years from the date of non-joining.
- Candidates who previously resigned from a contract SCO post under this advertisement are debarred from reapplying for 2 years from the date of resignation.
- The Bank reserves the right to cancel the recruitment process wholly or partly at any stage without assigning reasons.
- Beware of fake recruitment websites or agents demanding money in SBI’s name. SBI does not charge any fee beyond the application fee paid through its official payment gateway. Always apply only through the official website.
Official Notification and Application Links
- Official Notification PDF (CRPD/SCO/2026-27/23)
- Official Application Portal / Current Openings
- SBI Official Website
Conclusion
SBI SCO Recruitment 2026 offers 207 contract-based Specialist Cadre Officer posts in the Wealth Management vertical, with online applications open till 25 September 2026. Eligible candidates should read the full official notification carefully, check post-wise eligibility and circle-wise vacancies, and apply well before the last date through the official SBI Careers portal.
