Last updated: October 2, 2026 at 3:45 PM
SBI is hiring for the top of its wealth management business: one Head Sales, two Product Leads and three other specialist officers, all on 5-year contracts with Mumbai as the suggested place of posting. The yearly package, called CTC (Cost to Company, the total the bank pays you in a year), goes up to Rs. 199 Lakh for Head Sales (1 Lakh is Rs. 1,00,000). There is no written exam. The bank shortlists applications, interviews candidates and then agrees the pay with them.
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Recruitment Overview
| Field | Details |
|---|---|
| Post Name | 5 posts: Head Sales, Product Lead, Manager (Business Process), Project Development Manager (Technology), COT Support |
| Organization | State Bank of India (SBI), Central Recruitment and Promotion Department, Mumbai |
| Notification / Advertisement No. | CRPD/SCO/2026-27/25 |
| Location | Maharashtra (Mumbai is the suggested place; the Bank can post you anywhere in India) |
| Total Vacancies | 6 (UR 4, OBC 1, SC 1) |
| Qualification | Graduate, MBA/PGDM, BE/B.Tech or CA/CFA, depending on the post |
| Age Limit | 25 to 52 years as on 31.08.2026 (varies by post — see table below) Check your age eligibility → |
| Selection Process | Shortlisting → Interview (100 marks) → CTC negotiation |
| Pay Scale | CTC up to Rs. 199 Lakh a year (Head Sales); Rs. 37.20 to 77.20 Lakh for the other posts |
| How to Apply | Apply online only, on the SBI careers page |
| Official Notification | Download Notification PDF |
| Official Website / Apply Online | SBI Careers – Current Openings |
Important Dates
| Event | Date |
|---|---|
| Notification date | 30.09.2026 |
| Online registration and fee payment starts | 30.09.2026 |
| Last date for registration and fee payment | 21.10.2026 |
| Age, qualification and experience counted as on | 31.08.2026 |
| OBC (Non-Creamy Layer) certificate must be issued between | 01.04.2026 and the interview date |
| Interview dates | Not announced yet. The bank will email call letters and post updates on its website. |
Application Fee
| Category | Fee |
|---|---|
| UR, EWS and OBC | Rs. 750 (application fee and intimation charges) |
| SC, ST and PwBD | Nil |
Pay online by debit card, credit card or internet banking. The fee is not refunded and cannot be moved to another exam. You bear any bank transaction charges.
Vacancy Details
| Post | UR | OBC | SC | Total | PwBD | Age (years) |
|---|---|---|---|---|---|---|
| Head Sales | 1 | – | – | 1 | – | 40 to 52 |
| Central Research Team (Product Lead) | 1 | – | 1 | 2 | – | 30 to 45 |
| Manager (Business Process) | 1 | – | – | 1 | – | 30 to 40 |
| Project Development Manager (Technology) | 1 | – | – | 1 | – | 25 to 40 |
| Central Operations Team (COT) Support | – | 1 | – | 1 | 1 (VI) | 30 to 40 |
| Total | 4 | 1 | 1 | 6 | 1 |
UR means Unreserved (general), OBC means Other Backward Class (Non-Creamy Layer), SC means Scheduled Caste, PwBD means Persons with Benchmark Disabilities and VI means Visually Impaired. The notice has no vacancies for ST or EWS and no backlog vacancies. The PwBD seat is a horizontal quota, which means it sits inside the OBC vacancy above and is not an extra post. The bank says the vacancy numbers are provisional and may change.
Eligibility Criteria
| Criterion | Detail |
|---|---|
| Head Sales — Qualification | MBA or PGDM from a reputed college or university. CFP, CFA or NISM certificates are preferred. |
| Head Sales — Experience | 15 years managing sales teams in wealth management, retail banking or AMCs (fund companies). |
| Head Sales — Team leading | 8 of those years must be leading a large team of relationship managers and team leads. |
| Product Lead — Qualification | MBA or PGDM from a recognised college or university, or CA or CFA. |
| Product Lead — Experience | 5 years in equity research or products, in wealth management, AMCs (mutual funds) or banks. |
| Manager (Business Process) — Qualification | MBA or PGDM from a government-recognised university or institution. |
| Manager (Business Process) — Experience | 5 years in banks, wealth management firms or broking firms. |
| Project Dev. Manager (Technology) — Qualification | BE, B.Tech, ME, M.Tech, MBA, MMS, PGDM or PGDBM from a government-recognised university or institution. |
| Project Dev. Manager (Technology) — Experience | 4 years in banking technology, preferably in a business function. |
| COT Support — Qualification | Graduate degree from a government-recognised university or institution. |
| COT Support — Experience | 3 years in financial services, investment advice, private banking or wealth management solution providers. |
| COT Support — Central operations | 2 of those 3 years must be in central operations of the wealth management business. |
| Age Limit | 25 to 52 years as on 31.08.2026 (varies by post — see Vacancy Details) Check your age eligibility → |
| Age Relaxation | Reserved categories get relaxation as per Government of India rules. The notice gives no table. |
| Nationality | Indian citizens |
| What counts as experience | Only full-time experience. Teaching and training experience, and any job shorter than 6 months, are not counted. |
So this notice is for experienced professionals, not freshers: years of relevant full-time work matter more than the degree. Teaching or training years will not help you, and a job shorter than 6 months does not count.
Selection Process
| Stage | Details |
|---|---|
| 1. Online application | Register and pay the fee online, 30.09.2026 to 21.10.2026. Upload your resume and all documents, or you will not be shortlisted. |
| 2. Shortlisting | The bank picks a smaller group of applicants to call for interview. A bank committee sets the rules. |
| 2. Shortlisting — note | Meeting the minimum qualification does not guarantee an interview. Shortlisting is provisional and done without checking original documents. |
| 3. Interview | One or more rounds, in person or by video. The interview carries 100 marks and the bank decides the qualifying marks. Call letters come by email only. |
| 4. CTC negotiation | The bank may negotiate your CTC during the interview or later, on the same day or another date, in order of merit. |
| 4. CTC negotiation — if you disagree | If you do not agree to the CTC offered, you are treated as having left the process and the next candidate is considered. |
| 5. Merit list | Made in descending order of interview scores only. If candidates tie, the older candidate is ranked higher. |
| 6. Engagement | Subject to original document checks, medical fitness and a discharge certificate from your current employer. |
In short: there is no written exam. Your interview score alone decides your rank, and your final pay is settled in the CTC negotiation.
Salary and Benefits
| Post | Fixed pay (a year) | Allowances (a year) | Maximum CTC (a year) |
|---|---|---|---|
| Head Sales | Rs. 147.00 Lakh | Rs. 0.38 Lakh | Rs. 199.00 Lakh |
| Central Research Team (Product Lead) | Rs. 57.00 Lakh | Rs. 0.38 Lakh | Rs. 77.20 Lakh |
| Manager (Business Process) | Rs. 34.75 Lakh | Rs. 0.32 Lakh | Rs. 47.20 Lakh |
| Project Development Manager (Technology) | Rs. 34.75 Lakh | Rs. 0.32 Lakh | Rs. 47.20 Lakh |
| Central Operations Team (COT) Support | Rs. 27.32 Lakh | Rs. 0.32 Lakh | Rs. 37.20 Lakh |
| Component | Detail |
|---|---|
| Allowances | Conveyance, mobile and medical allowances |
| Performance Linked Pay (PLP) | 0% to 35% of fixed pay, based on your performance rating under the bank’s policy |
| Annual increment | 0% to 25%, based on your performance rating |
| Contract period | 5 years. The bank can renew it for another 4 years at its choice, if any conditions it sets are met. |
| Notice period | 2 months’ notice from either side, or 2 months’ pay in place of notice |
| Leave | 30 days in each financial year |
| Transfers | You can be transferred to any SBI office in India or sent to an associate or other organisation. Place requests may not be accepted. |
| How the CTC is set | The figures above are upper limits. The final CTC is negotiable and depends on your experience and what you earn now. |
In plain terms, these are upper limits, not fixed salaries. The fixed pay is the base, performance pay is added on top depending on your rating, and the bank agrees the final CTC with you based on your experience and what you earn now.
How to Apply
- Go to the SBI careers page (sbi.bank.in/web/careers/current-openings) and find the advertisement numbered CRPD/SCO/2026-27/25.
- Download and read the full notice, then click Apply Online.
- Register with your details. Scan your latest photo and signature first, because the form is not accepted without them.
- Upload your resume, ID proof, PAN card, certificates and the other documents listed below. Keep a valid email ID active, because the bank sends call letters by email only.
- Check every detail, then pay the Rs. 750 fee online if it applies to you (SC, ST and PwBD candidates pay nothing). You cannot edit the form after you pay.
- Print the e-receipt and the application form and keep them safe.
Note: The bank says hard copies of the application and documents need not be sent to its office.
Documents Required
| Document | Format / Notes |
|---|---|
| Recent photograph | Passport-style colour photo in JPG or JPEG, 20 to 50 KB, 200 x 230 pixels preferred, plain light background Resize your photo and signature → |
| Signature | JPG or JPEG, 10 to 20 KB, 140 x 60 pixels preferred. Sign in black ink on white paper, not in capital letters. |
| Brief resume | |
| ID proof | |
| PAN card | |
| Age proof | |
| Educational certificates | PDF. Relevant mark sheets and degree certificates. |
| Experience certificates | PDF. Each must say you have experience in the related field, or the bank can cancel your candidature. |
| Latest salary proof | PDF. Form-16, offer letter or latest salary slip from your current employer. |
| Caste certificate | For SC, ST and OBC (Non-Creamy Layer) candidates, in the Government of India format. |
| OBC certificate date | Must be issued on or after 01.04.2026 |
| PwBD certificate | If it applies to you, issued by a competent authority (PDF). |
| No Objection Certificate (NOC) | A letter from your employer allowing you to apply. SBI Group staff give it when applying, others at the interview. |
| Who needs an NOC | Staff of government or quasi-government offices, PSUs, nationalised banks, financial institutions, SBI Group companies. |
| Biodata and CTC format | Forms are on the SBI careers page, next to the advertisement. |
| File rules for PDFs | A4 page size and not more than 500 KB each |
Important Links
| Link | Open |
|---|---|
| Download Official Notification (PDF) | Download Notification PDF |
| Apply Online | Apply Online – SBI Recruitment Portal |
| Official Website | SBI Careers – Current Openings |
| Join Telegram Channel | Join Telegram Channel |
| Join WhatsApp Channel | Join WhatsApp Channel |
Common Mistakes to Avoid
- Pay the fee before 21.10.2026. The notice says registration is complete only when the fee is paid (SC, ST and PwBD candidates have no fee).
- Upload everything the form asks for, including your resume, ID proof and certificates. Without them the bank will not consider you for shortlisting.
- Get an experience certificate that clearly names the field you worked in. The bank can cancel your candidature at any time if it does not.
- You may apply for more than one post if you meet each post’s rules. The notice also says that if you submit more than one application, only the last completed one is kept and the fees paid for the others are forfeited.
- If you work in the government, a PSU, a nationalised bank or an SBI Group company, arrange a No Objection Certificate (NOC) from your employer.
- Keep your email ID active. Call letters go by email only, and the bank takes no responsibility for messages that are delayed or lost.
Frequently Asked Questions
What is the last date to apply for the SBI Head Sales and Product Lead posts?
You can apply online from 30.09.2026 until 21.10.2026, and the fee must be paid by the same date for your registration to count.
How many vacancies are there in SBI Advt. No. CRPD/SCO/2026-27/25?
There are 6 vacancies across 5 posts: Head Sales 1, Central Research Team (Product Lead) 2, Manager (Business Process) 1, Project Development Manager (Technology) 1 and Central Operations Team (COT) Support 1.
Is there a written exam for these SBI posts?
No, the bank shortlists applications, holds one or more interview rounds and then negotiates pay with the shortlisted candidates.
What is the salary for SBI Head Sales?
The yearly package (CTC) can go up to Rs. 199.00 Lakh for Head Sales, and up to Rs. 77.20, 47.20, 47.20 and 37.20 Lakh for the other four posts, depending on your experience and current pay.
What is the application fee?
The fee is Rs. 750 for UR (general), EWS (economically weaker section) and OBC candidates, and nothing for SC, ST and PwBD (persons with benchmark disabilities) candidates. It is not refunded.
What is the age limit for these posts?
It depends on the post and runs from 25 to 52 years as on 31.08.2026, for example 40 to 52 for Head Sales and 25 to 40 for Project Development Manager (Technology).
How long is the contract?
The contract is for 5 years and the bank can renew it for another 4 years, while either side can end it with 2 months’ notice or 2 months’ pay.
Where will selected candidates be posted?
Mumbai is the suggested place of posting, but the bank can post you anywhere in India and can transfer you later.
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.
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