Last updated: September 11, 2026 at 12:04 AM
State Bank of India (SBI), through its Central Recruitment and Promotion Department, Mumbai, has released Advertisement No. CRPD/SCO/2026-27/23 for the engagement of Specialist Cadre Officers (SCO) in the Wealth Management vertical on a contract basis, with a total of 207 vacancies across seven posts — Zonal Head (Retail), Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth and AVP Wealth. Online registration and fee payment are open from 04.09.2026 to 25.09.2026 on the SBI careers portal, and selection is through shortlisting followed by a personal, telephonic or video interview carrying 100 marks and CTC negotiation.
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SBI Wealth Management SCO Recruitment 2026 Overview
| Post Name | Zonal Head (Retail), Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, AVP Wealth (Specialist Cadre Officers on Contract Basis) |
| Organization | State Bank of India (SBI), Central Recruitment and Promotion Department, Corporate Centre, Mumbai |
| Notification / Advertisement No. | CRPD/SCO/2026-27/23 dated 04.09.2026 |
| Location | All India / Central Govt — postings across 17 SBI Circles including Bengaluru, New Delhi, Kolkata, Chennai, Hyderabad, Mumbai Metro, Thiruvananthapuram, Jaipur, Lucknow, Patna, Guwahati and others |
| Total Vacancies | 207 Posts (UR 62, OBC 65, SC 39, ST 30, EWS 11 — regular and backlog combined) |
| Qualification | Graduation from a Government recognised University for most posts; PG Degree / PG Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance or Actuarial Science, or CA / CFA for Investment Specialist and Investment Officer — plus mandatory post-qualification experience for every post |
| Age Limit | 23 to 50 years as on 31.08.2026 (varies by post — see post-wise table below) Check your age eligibility → |
| Selection Process | Shortlisting → Interview (100 marks) → CTC Negotiation → Merit List |
| Pay Scale | Annual CTC from Rs. 27.10 lakh (Investment Officer) up to Rs. 97.00 lakh (Zonal Head), negotiable, on a 5-year contract |
| How to Apply | Apply online only at the SBI recruitment portal — no hard copy of the application is to be sent |
| Official Notification | Download Notification PDF |
| Official Website / Apply Online | SBI Recruitment Portal (CRPD/SCO/2026-27/23) |
Important Dates
| Event | Date |
|---|---|
| Notification release date | 04.09.2026 |
| Online registration starts | 04.09.2026 |
| Last date for online registration | 25.09.2026 |
| Last date for payment of application fee | 25.09.2026 |
| Cut-off date for age | 31.08.2026 |
| Cut-off date for educational qualification and experience | 31.08.2026 |
| OBC-NCL certificate validity period | Issued between 01.04.2026 and the date of interview |
| Interview date | Not specified in notification — call letter will be sent by email or hosted on the Bank’s website |
Application Fee
| Category | Fee |
|---|---|
| UR / EWS / OBC | Rs. 750/- (Application fee and Intimation charges, non-refundable) |
| SC / ST / PwBD | Nil — no fee or intimation charges |
| Mode of payment | Online only — Debit Card, Credit Card or Internet Banking through the integrated payment gateway; transaction charges, if any, are borne by the candidate |
Note: The application fee once paid will not be refunded on any account, nor can it be adjusted against any other examination or selection in future. In case of multiple applications, only the last valid completed application is retained and the fee paid for other registrations stands forfeited.
Vacancy Details
| Post | SC | ST | OBC | EWS | UR | Total |
|---|---|---|---|---|---|---|
| Zonal Head (Retail) | 0 | 0 | 1 | 0 | 0 | 1 |
| Regional Head (RH) | 1 | 1 | 1 | 0 | 2 | 5 |
| Relationship Manager-Team Lead | 3 | 3 | 3 | 2 | 13 | 24 |
| Investment Specialist (IS) | 3 | 1 | 2 | 0 | 3 | 9 |
| Investment Officer (IO) | 0 | 1 | 1 | 0 | 2 | 4 |
| VP Wealth | 18 | 19 | 39 | 2 | 13 | 91 |
| AVP Wealth | 14 | 5 | 18 | 7 | 29 | 73 |
| Total | 39 | 30 | 65 | 11 | 62 | 207 |
Figures above combine regular and backlog vacancies. PwBD vacancies are horizontal and included within the respective parent category — 13 VI, 8 HI, 7 LD and 7 d&e posts are identified across the seven roles. EWS vacancies are tentative and subject to further directives of the Government of India.
Circle-wise Vacancies
| 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 |
Zonal Head (Retail) is for the East Zone (Kolkata) and Regional Head posts are for Bengaluru, Bhopal, Hyderabad, Guwahati and Patna. Candidates must indicate three different Circles while submitting the online application for the five Circle-based posts; no request for change of Circle preference will be entertained at any stage.
Eligibility Criteria
| Criterion | Detail |
|---|---|
| Nationality | Indian citizens only |
| Educational Qualification | Zonal Head, Regional Head, RM-Team Lead, VP Wealth and AVP Wealth: Graduation from a Government recognised University or Institution (MBA in Banking / Finance / Marketing with 60%, or CFP / CFA / NISM V-A / NISM Investment Advisor / NISM 21-A preferred). Investment Specialist and Investment Officer: PG Degree or PG Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance or Actuarial Science, or CA / CFA |
| Age Limit | 23 to 50 years as on 31.08.2026, varying by post; upper age relaxation for reserved categories as per Government of India guidelines Check your age eligibility → |
| Experience | Mandatory post-qualification experience as on 31.08.2026, ranging from 3 years (AVP Wealth) to 15 years (Zonal Head). Experience of less than six months in any organisation is not counted, and teaching or training experience is not counted at all |
| Application Restriction | A candidate may apply for more than one post if otherwise eligible. Candidates previously issued offer letters under Wealth Management and Premier Banking who did not join, and those who resigned after being engaged on contract for these posts, are debarred for two years |
| NOC Requirement | Candidates serving in Government, quasi-Government, PSUs, nationalised banks, financial institutions and SBI Group companies must produce a No Objection Certificate from their employer at the time of interview |
Post-wise Age Limit and Experience
| Post | Age (as on 31.08.2026) | Minimum Post-Qualification Experience |
|---|---|---|
| Zonal Head (Retail) | 35 to 50 years | 15 years in managing sales in Wealth Management / Retail Banking / AMCs, of which 5 years leading a large team of RMs and Team Leads |
| Regional Head (RH) | 35 to 50 years | 12+ years in relationship management, preferably wealth management, plus 5+ years leading a large team of RMs or as a Team Lead |
| Relationship Manager-Team Lead | 28 to 42 years | 8 years in relationship management, preferably wealth management with leading Public / Private / Foreign Banks / Broking / Security firms / AMC (Team Lead experience preferred) |
| Investment Specialist (IS) | 28 to 42 years | 6 years as investment advisor / counsellor / officer or part of a product team in Wealth Management Firms / AMCs |
| Investment Officer (IO) | 28 to 40 years | 4 years as investment advisor / counsellor / officer or part of a product team in Wealth Management Firms / AMCs |
| VP Wealth (SRM) | 26 to 42 years | 6 years in sales and marketing with leading Public / Private / Foreign Banks / Wealth Management Firms / AMCs |
| AVP Wealth (RM) | 23 to 35 years | 3 years in sales and marketing with leading Public / Private / Foreign Banks / Wealth Management Firms / AMCs, or SBI Wealth CREs having 4 years of experience |
Selection Process
| Stage | Details |
|---|---|
| Stage 1 — Shortlisting | Provisional shortlisting on the basis of the application, without verification of original documents. A shortlisting committee constituted by the Bank decides the parameters and an adequate number of candidates is called for interview. Merely fulfilling the minimum qualification and experience gives no right to be called; the Bank’s decision is final and no correspondence is entertained. |
| Stage 2 — Interview | One or more rounds of personal, telephonic or video interview carrying 100 marks. Qualifying marks in the interview are decided by the Bank. Specific skills listed for Investment Specialist, Investment Officer and AVP Wealth — knowledge of investments and markets across asset classes, portfolio management and advisory, asset allocation and re-balancing, presentation, leadership and teamwork, and fixed income, equity and alternate market products — are tested at this stage. |
| Stage 3 — CTC Negotiation | CTC negotiation is conducted with candidates one-by-one at the time of the interview, or separately after the interview process is completed. |
| Stage 4 — Merit List | Merit list prepared in descending order of interview scores only. Where candidates tie at the cut-off, they are ranked by age in descending order. |
| Stage 5 — Document Verification and Medical Fitness | All details and documents are verified against originals when a candidate reports for interview. Engagement is subject to the candidate being declared medically fit as per the Bank’s requirement, and to production of a discharge certificate from the previous employer where applicable. |
Salary and Benefits
| Post | Annual CTC Upper Range | Fixed Pay | Conveyance, Mobile and Medical Allowances |
|---|---|---|---|
| Zonal Head (Retail) | Rs. 97.00 Lakh | Rs. 66.00 Lakh | Rs. 1.10 Lakh |
| Regional Head (RH) | Rs. 66.40 Lakh | Rs. 45.00 Lakh | Rs. 1.10 Lakh |
| Relationship Manager-Team Lead | Rs. 51.80 Lakh | Rs. 35.00 Lakh | Rs. 1.04 Lakh |
| Investment Specialist (IS) | Rs. 44.50 Lakh | Rs. 30.00 Lakh | Rs. 0.92 Lakh |
| Investment Officer (IO) | Rs. 27.10 Lakh | Rs. 18.00 Lakh | Rs. 0.92 Lakh |
| VP Wealth (SRM) | Rs. 44.70 Lakh | Rs. 30.00 Lakh | Rs. 1.16 Lakh |
| AVP Wealth (RM) | Rs. 30.20 Lakh | Rs. 20.00 Lakh | Rs. 1.16 Lakh |
| Component | Detail |
|---|---|
| Performance Linked Pay | 0% to 45% of Fixed Pay, based on performance rating as per the Bank’s policy |
| Annual Increment Band | 0% to 25% for all posts, except Regional Head where the band is 0% to 20% |
| CTC Negotiability | Annual CTC is negotiable and depends on experience, current emoluments in present employment and place of posting |
| Contract Period | 5 years, renewable for a further 4 years at the discretion of the Bank subject to conditions it may stipulate |
| Leave | 30 days during the financial year, granted by the Bank for genuine and appropriate reasons |
| Notice Period | 2 months’ notice from either side, or payment / surrender of 2 months’ compensation in lieu thereof |
| Travel Reimbursement | Outstation candidates called for interview are reimbursed the shortest-route travelling fare in India or actual travel cost, whichever is lower; local conveyance such as taxi, cab or personal vehicle expenses are not payable |
How to Apply
- Visit the SBI careers page at sbi.bank.in/web/careers/current-openings, scroll to advertisement no. CRPD/SCO/2026-27/23 and read the detailed advertisement carefully.
- Click Apply Online and register yourself with a valid email ID and mobile number, keeping the email active until the declaration of the result since all call letters and interview advices are sent by email only.
- Scan your latest photograph and signature to the prescribed size, then fill in the application. The system generates a provisional registration number and password when you save — note both down, since the saved application can be re-opened and edited only three times.
- Upload all supporting documents in PDF (resume, ID proof, PAN card, educational certificates, experience certificates, Form-16 or latest salary slip, biodata and CTC format, and caste, PwBD or NOC certificates where applicable), then submit the application.
- Pay the fee of Rs. 750/- online through the integrated payment gateway (SC / ST / PwBD candidates are exempt), and print the system-generated e-receipt and application form for your records.
Note: Registration is complete only when the fee is deposited on or before the last date. Hard copies of the application and documents need not be sent to the office. No change or edit in the application is allowed once the fee has been paid, and corrections are not permitted after final submission.
Documents Required
| Document | Format / Notes |
|---|---|
| Recent photograph | Passport-style colour picture against a light background, JPG or JPEG, 20 KB to 50 KB, 200 x 230 pixels preferred. Caps, hats and dark glasses are not acceptable; religious headwear is allowed if it does not cover the face Resize your photo and signature → |
| Signature | Signed on white paper with a black ink pen by the applicant only, JPG or JPEG, 10 KB to 20 KB, 140 x 60 pixels preferred. A signature in capital letters will not be accepted |
| Brief resume | PDF, A4 page size, not exceeding 500 KB |
| ID proof | PDF, A4 page size, not exceeding 500 KB |
| PAN card | PDF, A4 page size, not exceeding 500 KB |
| Educational certificates | Relevant mark sheets and degree certificate, PDF |
| Experience certificates | PDF. Must specifically state experience in the related field required; the Bank may also accept annual appraisal letters, appointment and relieving letters, or offer letter with IT returns |
| Form-16 / offer letter / latest salary slip | From current employer, PDF |
| Caste certificate (SC / ST / OBC-NCL) | In the format prescribed by the Government of India. OBC-NCL certificate must be issued between 01.04.2026 and the date of interview |
| EWS Income and Asset Certificate | For FY2025-26 and valid for FY2026-27, in the prescribed format, on or before the closure of the online application date |
| PwBD certificate | Issued by a competent authority as per Government of India guidelines, if applicable, PDF |
| No Objection Certificate | PDF, if applicable — mandatory for candidates serving in Government, quasi-Government, PSUs, nationalised banks, financial institutions and SBI Group companies |
| Biodata and CTC format | In the formats hosted alongside the advertisement on the SBI careers page |
Important Links
| Download Official Notification (PDF) | Download Notification PDF |
| Apply Online / Official Website | Apply Online at SBI Recruitment Portal |
| Join Telegram Channel | Join Telegram Channel |
| Join WhatsApp Channel | Join WhatsApp Channel |
Common Mistakes to Avoid
- Do not repeat a Circle when indicating your three Circle preferences — the Bank will exercise its own discretion on an incorrect selection, and its decision is final and binding.
- Do not submit an experience certificate that only states your designation; it must specifically record experience in the related field required for the post, or the candidature can be cancelled at any stage.
- Do not count teaching or training experience, or any stint of less than six months in an organisation, towards the mandatory experience requirement — neither is recognised.
- Do not pay the fee before checking every particular in the form, since no change or edit is permitted after payment and corrections are not allowed after final submission.
- Do not apply if you were issued an offer letter under a previous Wealth Management and Premier Banking exercise and did not join, or if you resigned from these contract posts — a two-year debarment applies from the date of non-joining or resignation.
- Do not upload a signature in capital letters or a photograph with caps, hats or dark glasses, and do not leave any required document unuploaded — an incomplete upload disqualifies the application from shortlisting.
Frequently Asked Questions
1. What is the last date to apply for SBI SCO Wealth Management Recruitment 2026?
The last date for online registration and payment of the application fee is 25.09.2026.
2. How many vacancies are there under advertisement CRPD/SCO/2026-27/23?
There are 207 vacancies in total across seven posts, with VP Wealth (91) and AVP Wealth (73) accounting for the largest share.
3. What is the educational qualification required?
Graduation from a Government recognised University is the minimum for five of the seven posts, while Investment Specialist and Investment Officer require a PG Degree or PG Diploma in a finance-related discipline, or CA or CFA.
4. What is the age limit for these posts?
Age limits run from 23 to 50 years as on 31.08.2026 depending on the post — AVP Wealth is 23 to 35 years while Zonal Head and Regional Head are 35 to 50 years.
5. What is the application fee?
The fee is Rs. 750/- for UR, EWS and OBC candidates and nil for SC, ST and PwBD candidates, payable online and non-refundable.
6. How will candidates be selected?
Selection is by shortlisting followed by one or more rounds of personal, telephonic or video interview carrying 100 marks, then CTC negotiation, with the merit list drawn purely from interview scores.
7. What salary do these posts offer?
Annual CTC upper ranges run from Rs. 27.10 lakh for Investment Officer to Rs. 97.00 lakh for Zonal Head (Retail), and the CTC is negotiable based on experience, current emoluments and place of posting.
8. Is this a permanent SBI job?
No — these are Specialist Cadre Officer engagements on a contract of 5 years, renewable for a further 4 years at the Bank’s discretion, terminable by either side on 2 months’ notice.
Disclaimer: The information above has been compiled from the official notification for the convenience of job seekers. Candidates are advised to verify all details from the official website before applying.
