State Bank of India (SBI) has released an official recruitment advertisement (Advt. No. CRPD/SCO/2026-27/23) inviting online applications from eligible Indian citizens for appointment to various Specialist Cadre Officer (SCO) positions on a contract basis in its Wealth Management division. A total of 207 vacancies are available for positions such as Regional Head, Relationship Manager (Team Lead), Investment Specialist, Investment Officer, VP Wealth, and AVP Wealth. Interested and qualified candidates can submit their applications online through the official SBI careers portal between September 4, 2026, and September 25, 2026.
SBI SCO Recruitment 2026: Highlights of the Notification
| Organization Name | State Bank of India (SBI) |
| Advertisement Number | CRPD/SCO/2026-27/23 |
| Post Names | Regional Head, Relationship Manager (Team Lead), Investment Specialist, Investment Officer, VP Wealth, AVP Wealth, Zonal Head |
| Total Vacancies | 207 Posts |
| Nature of Engagement | Contract Basis (Initial 5 Years, renewable for up to 4 years) |
| Application Mode | Online |
| Selection Mode | Shortlisting, Personal Interview, and CTC Negotiation |
SBI SCO Application 2026 Important Dates
| Events | Dates |
| Online Registration Starts | September 4, 2026 |
| Last Date to Apply Online & Pay Fees | September 25, 2026 |
| Cut-off Date for Age & Eligibility Criteria | August 31, 2026 |
| Interview Call Letter / Schedule | To be notified via email / website |
SBI SCO Job 2026 Vacancy Details
State Bank of India has announced 207 vacancies for Specialist Cadre Officers across various specialized wealth management roles on a contract basis. These positions are distributed across various bank circles nationwide, including Bengaluru, New Delhi, Kolkata, Hyderabad, and Bhopal.
| Post Name | SC | ST | OBC | EWS | UR | Total Vacancies |
| 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 (SRM) | 18 | 19 | 39 | 2 | 13 | 91 |
| AVP Wealth (RM) | 14 | 5 | 18 | 7 | 29 | 73 |
| Grand Total | 39 | 30 | 65 | 11 | 62 | 207 |
Based on the official SBI SCO Recruitment 2026 notification (Advt. No. CRPD/SCO/2026-27/23), the Bank has outlined a suggested circle-wise distribution for five specific posts: Investment Specialist, Relationship Manager (Team Lead), Investment Officer, VP Wealth, and AVP Wealth. Candidates applying for these positions are required to indicate three different circle preferences during the online application process.
Here is the detailed circle-wise vacancy distribution as provided in the official document:
| Name of the Circle | Investment Specialist | Relationship Manager (Team Lead) | Investment Officer | VP Wealth | AVP Wealth |
| Amaravati | 0 | 2 | 0 | 0 | 0 |
| Bengaluru | 0 | 2 | 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 | 0 | 2 | 0 | 0 | 4 |
| Maharashtra | 1 | 1 | 0 | 0 | 0 |
| Mumbai Metro | 0 | 1 | 0 | 0 | 0 |
| New Delhi | 4 | 2 | 0 | 18 | 16 |
| Patna | 0 | 2 | 0 | 0 | 0 |
| Thiruvananthapuram | 1 | 3 | 0 | 7 | 13 |
| Total | 9 | 24 | 4 | 91 | 73 |
(Note: The above vacancies are indicative. The Bank reserves the right to transfer the services of selected Contractual Officers to any of its offices depending on service exigencies.)
SBI SCO Wealth Management recruitment 2026: Education Details
Here is the post-wise breakdown of the educational qualifications, post-qualification experience, and main job profiles for the SBI SCO Wealth Management recruitment:
| Post Name | Educational Qualification | Post-Qualification Experience (As on 31.08.2026) | Main Job Profile |
| Zonal Head (Retail) | Mandatory: Graduation from a recognized University/Institution. Preferred: MBA (Banking/Finance/Marketing) with 60% or CFP/CFA/NISM certifications. | Minimum 15 years in managing sales in Wealth Management/Retail Banking/AMCs, with at least 5 years leading a large team of Relationship Managers/Team Leads. | Managing Wealth Management Sales in the allocated Zone; increasing Total Relationship Value (TRV) and Assets Under Management (AUM). |
| Regional Head (RH) | Mandatory: Graduation from a recognized University/Institution. Preferred: MBA (Banking/Finance/Marketing) with 60% or CFP/CFA/NISM certifications. | Minimum 12+ years in relationship management (preferably wealth management) with leading banks/AMCs, including 5+ years leading a large team/Team Lead. | Managing a team of RMs, Team Leads, and Investment Officers; acquiring, nurturing, and strengthening relationships within the Affluent and UHNI/HNI segments. |
| Relationship Manager (Team Lead) | Mandatory: Graduation from a recognized University/Institution. Preferred: MBA (Banking/Finance/Marketing) with 60% or CFP/CFA/NISM certifications. | Minimum 8 years in relationship management (preferably wealth management); experience as a Team Lead is preferred. | Managing a team of RMs; acquiring and growing relationships within the Affluent and HNI segments; selling investment/insurance products to meet business targets. |
| Investment Specialist (IS) | Mandatory: PG Degree/Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance, Actuarial Science, or CA/CFA. | Minimum 6 years of experience as an investment advisor/counselor/officer/product team member in Wealth Management Firms/AMCs. | Guiding clients on financial products; assisting the wealth team with expert investment opinions; creating and presenting investment product views and market research. |
| Investment Officer (IO) | Mandatory: PG Degree/Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance, Actuarial Science, or CA/CFA. | Minimum 4 years of experience as an investment advisor/counselor/officer/product team member in Wealth Management Firms/AMCs. | Providing incidental investment advice and taxation info; researching new investment opportunities; working closely with the wealth team for financial planning execution. |
| VP Wealth (SRM) | Mandatory: Graduation from a recognized University/Institution. Preferred: MBA (Banking/Finance/Marketing) with 60% or NISM/CFP/CFA certifications. | Minimum 6 years in sales & marketing with leading banks/wealth management firms/AMCs (preferably as a Relationship Manager). | Acquiring and strengthening relationships with Affluent and UHNI/HNI clients; cross-selling investment, insurance, and other asset classes to meet financial objectives. |
| AVP Wealth (RM) | Mandatory: Graduation from a recognized University/Institution. Preferred: PG in Finance/Marketing/Banking; NISM/CFP/CFA certifications. | Minimum 3 years in sales & marketing with leading banks/wealth firms/AMCs, or 4 years of experience as an SBI Wealth CRE. | Acquiring and managing relationships within the Affluent and HNI segments; selling investment and insurance products to increase TRV and AUM. |
Age Limit
(As on August 31, 2026)
- Zonal Head (Retail): 35 to 50 years
- Regional Head (RH): 35 to 50 years
- Relationship Manager - Team Lead: 28 to 42 years
- Investment Specialist (IS): 28 to 42 years
- VP Wealth: 26 to 42 years
- Investment Officer (IO): 28 to 40 years
- AVP Wealth: 23 to 35 years (Upper age relaxations apply to SC/ST/OBC/PwBD candidates in accordance with Government of India directives.)
Contract Period & Terms
- Initial Tenure: All selected candidates will be engaged on a contract basis for a period of 5 years.
- Renewal: For positions from Regional Head down to AVP Wealth, the contract is renewable for another 4 years at the Bank's discretion, subject to the fulfillment of stipulated conditions and performance.
- Termination: The contract can be terminated by either side by giving a two (2) months' notice or by surrendering/paying two months' compensation in lieu of the notice period.
- Leave Policy: Contractual officers (OECs) will be entitled to 30 days of leave during a financial year, subject to Bank approval for genuine reasons.
Remuneration (Cost to Company - CTC)
The Annual CTC is negotiable and will depend upon the candidate's experience, current emoluments, and place of posting. It includes Fixed Pay, Allowances, and a Variable/Performance Linked Pay (PLP) based on performance ratings.
Below is the maximum limit for the Annual CTC and its bifurcation for each post:
| Post Name | Overall CTC Upper Range (In ₹ Lakhs) | Maximum Fixed Pay (In ₹ Lakhs) | Conveyance, Mobile, & Medical Allowances (In ₹ Lakhs) | Performance Linked Pay (PLP) Range | Annual Increment Band |
| Zonal Head (Retail) | 97.00 | 66.00 | 1.10 | 0% to 45% of Fixed Pay | 0% to 25% |
| Regional Head (RH) | 66.40 | 45.00 | 1.10 | 0% to 45% of Fixed Pay | 0% to 20% |
| Relationship Manager - Team Lead | 51.80 | 35.00 | 1.04 | 0% to 45% of Fixed Pay | 0% to 25% |
| VP Wealth (SRM) | 44.70 | 30.00 | 1.16 | 0% to 45% of Fixed Pay | 0% to 25% |
| Investment Specialist (IS) | 44.50 | 30.00 | 0.92 | 0% to 45% of Fixed Pay | 0% to 25% |
| AVP Wealth (RM) | 30.20 | 20.00 | 1.16 | 0% to 45% of Fixed Pay | 0% to 25% |
| Investment Officer (IO) | 27.10 | 18.00 | 0.92 | 0% to 45% of Fixed Pay | 0% to 25% |
Wealth Management recruitment Selection Process
- Shortlisting: Applications will be screened by a committee based on qualifications, suitability, and relevant work experience.
- Personal Interview: Shortlisted candidates will be invited for an interview (face-to-face, telephonic, or video conference) carrying 100 marks.
- CTC Negotiation & Merit List: Final selection and merit ranking will be based entirely on the scores obtained in the interview, followed by individual CTC negotiations.
Application Fee
- General, EWS, & OBC Candidates: ₹750/- (Non-refundable)
- SC, ST, & PwBD Candidates: Nil (Exempted from fee payment)
- Payment Mode: Online through Internet Banking, Debit Card, or Credit Card.
How to Apply
- Visit the official State Bank of India website and navigate to the Careers section.
- Go to Current Openings and search for Advertisement No. CRPD/SCO/2026-27/23.
- Click on Apply Online to access the registration portal.
- Complete the new registration by providing your basic details, mobile number, and email address.
- Log in using the provisional registration number and password to fill out the application form.
- Select up to three circle preferences for posting where applicable.
- Upload your scanned photograph, signature, resume, ID proof, PAN card, educational certificates, experience certificates, and latest salary slips/Form-16 in PDF/JPEG format within the prescribed size limits.
- Pay the application fee online through the integrated payment gateway (if applicable).
- Review all details carefully, submit the application form, and take a printout of the submitted form and e-receipt for future reference.
Important Links
| SBI Regional Head, Relationship Manager Posts Official Notification PDF | Click Here |
| SBI SCO Apply Online Link | Click Here |
