State Bank of India released this recruitment notification on 4 September 2026 on its official website. As per Advertisement No. CRPD/SCO/2026-27/23, the Bank is engaging Specialist Cadre Officers on contract basis for seven posts in its Wealth Management vertical — Zonal Head, Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth and AVP Wealth. Candidates can apply online at SBI’s careers page from 4 September 2026 to 25 September 2026. SBI Specialist Cadre Officer Recruitment 2026 is for experienced banking and wealth-management professionals, not freshers.
The notification carries a total of 207 vacancies across the seven posts, with a full post-wise and category-wise breakdown given below. Place of posting varies by post — Kolkata for Zonal Head, five metro cities for Regional Head, and any of 17 circles across India for the remaining five posts. Candidates should check all details in the article below.
Information verified from the official State Bank of India notification No. CRPD/SCO/2026-27/23 dated 04.09.2026. Last verified: 3 September 2026.
State Bank of India is recruiting 207 Specialist Cadre Officers for its Wealth Management business under Notification No. CRPD/SCO/2026-27/23. The last date to apply online is 25 September 2026 at the Bank’s recruitment portal. Selection is through shortlisting, followed by a personal, telephonic or video interview carrying 100 marks, and a CTC negotiation.
Quick summary of SBI Specialist Cadre Officer Recruitment 2026
| Field | Details |
|---|---|
| Organisation | State Bank of India (SBI), Central Recruitment & Promotion Department |
| Posts | Zonal Head, Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, AVP Wealth |
| Total Vacancy | 207 |
| CTC | Up to Rs 97.00 lakh (post-wise; see breakdown below) |
| Application Mode | Online |
| Eligibility | Graduate (minimum, for most posts); PG degree/diploma or CA/CFA for Investment Specialist and Investment Officer |
| Selection Process | Shortlisting → Interview (100 marks) → CTC Negotiation |
| Place of Posting | Kolkata (Zonal Head); 5 metro circles (Regional Head); candidate’s chosen circle, from 17 circles across India (other 5 posts) |
| Last Date | 25 September 2026 |
| Who Can Apply | Experienced professionals in wealth management, relationship banking or asset management, on contract basis |
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About State Bank of India (SBI)
State Bank of India is the country’s largest public sector bank, with its Central Recruitment & Promotion Department based at Corporate Centre, Mumbai, running this hiring exercise. This particular drive is for SBI’s Wealth Management business, which serves affluent, HNI and UHNI clients through its Zonal, Regional, Relationship Manager and Investment Specialist/Officer teams. For a candidate, a role in this vertical means working with SBI’s own client base rather than that of a private bank or standalone AMC. Candidates exploring similar openings can browse the site’s Government Jobs category for other public-sector recruitment.
Local context / how it compares
This is a pan-India recruitment spread across 17 circles, from Amaravati and Bengaluru to Thiruvananthapuram, so it is not restricted to any one state. Candidates based in Darjeeling, Siliguri or the wider North Bengal region who work in banking or wealth management will find Kolkata the nearest relevant option — it is fixed as the posting location for Zonal Head (East Zone) and also appears as one of the 17 circles for Relationship Manager-Team Lead, Investment Specialist, VP Wealth and AVP Wealth. Compared to typical public-sector recruitment on this site, this drive stands out for being contract-based rather than a permanent government post, and for hiring at a senior, experienced level rather than through a written exam.
Important dates
| Event | Date |
|---|---|
| Notification released | 4 September 2026 |
| Online registration and application window opens | 4 September 2026 |
| Last date for online registration and fee payment | 25 September 2026 |
No exam date, interview date or reporting time has been announced yet. The notification states that any revision or corrigendum will be hosted only on the Bank’s website.
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Vacancy details and salary
State Bank of India has notified 207 vacancies across seven posts, broken down by regular and backlog vacancies. The table below gives the total for each post along with its CTC upper range and age limit as on 31 August 2026.
| Post | Total Vacancies (Regular + Backlog) | CTC Upper Range | Age Limit (as on 31.08.2026) |
|---|---|---|---|
| Zonal Head (Retail) | 1 (0 Regular + 1 Backlog) | Rs 97.00 lakh | 35–50 years |
| Regional Head (RH) | 5 (4 Regular + 1 Backlog) | Rs 66.40 lakh | 35–50 years |
| Relationship Manager-Team Lead | 24 (22 Regular + 2 Backlog) | Rs 51.80 lakh | 28–42 years |
| Investment Specialist (IS) | 9 (6 Regular + 3 Backlog) | Rs 44.50 lakh | 28–42 years |
| Investment Officer (IO) | 4 (3 Regular + 1 Backlog) | Rs 27.10 lakh | 28–40 years |
| VP Wealth (SRM) | 91 (26 Regular + 65 Backlog) | Rs 44.70 lakh | 26–42 years |
| AVP Wealth (RM) | 73 (70 Regular + 3 Backlog) | Rs 30.20 lakh | 23–35 years |
| Total | 207 | — | — |
The CTC figures above are the maximum annual cost-to-company (fixed pay + variable/performance-linked pay + other perks) and are negotiable based on a candidate’s experience and current pay. The bifurcation for each post is:
| Post | Fixed Pay (Max) | Conveyance/Mobile/Medical Allowances | Performance Linked Pay | Annual Increment Band |
|---|---|---|---|---|
| Zonal Head | Rs 66.00 lakh | Rs 1.10 lakh | 0% to 45% of fixed pay | 0% to 25% |
| Regional Head | Rs 45.00 lakh | Rs 1.10 lakh | 0% to 45% of fixed pay | 0% to 20% |
| Relationship Manager-Team Lead | Rs 35.00 lakh | Rs 1.04 lakh | 0% to 45% of fixed pay | 0% to 25% |
| Investment Specialist | Rs 30.00 lakh | Rs 0.92 lakh | 0% to 45% of fixed pay | 0% to 25% |
| Investment Officer | Rs 18.00 lakh | Rs 0.92 lakh | 0% to 45% of fixed pay | 0% to 25% |
| VP Wealth | Rs 30.00 lakh | Rs 1.16 lakh | 0% to 45% of fixed pay | 0% to 25% |
| AVP Wealth | Rs 20.00 lakh | Rs 1.16 lakh | 0% to 45% of fixed pay | 0% to 25% |
The contract period is 5 years, renewable for another 4 years at the Bank’s discretion, subject to conditions the Bank may set. Either side can end the contract with two months’ notice, or payment/surrender of two months’ compensation in lieu.
Category-wise vacancy breakdown
| Post | Type | SC | ST | OBC | EWS | UR | Total |
|---|---|---|---|---|---|---|---|
| Zonal Head (Retail) | Regular | 0 | 0 | 0 | 0 | 0 | 0 |
| Backlog | 0 | 0 | 1 | 0 | 0 | 1 | |
| Regional Head (RH) | Regular | 1 | 1 | 0 | 0 | 2 | 4 |
| Backlog | 0 | 0 | 1 | 0 | 0 | 1 | |
| Relationship Manager-Team Lead | Regular | 3 | 1 | 3 | 2 | 13 | 22 |
| Backlog | 0 | 2 | 0 | 0 | 0 | 2 | |
| Investment Specialist (IS) | Regular | 1 | 0 | 2 | 0 | 3 | 6 |
| Backlog | 2 | 1 | 0 | 0 | 0 | 3 | |
| Investment Officer (IO) | Regular | 0 | 0 | 1 | 0 | 2 | 3 |
| Backlog | 0 | 1 | 0 | 0 | 0 | 1 | |
| VP Wealth | Regular | 4 | 1 | 6 | 2 | 13 | 26 |
| Backlog | 14 | 18 | 33 | 0 | 0 | 65 | |
| AVP Wealth | Regular | 11 | 5 | 18 | 7 | 29 | 70 |
| Backlog | 3 | 0 | 0 | 0 | 0 | 3 | |
| Grand Total | 207 |
EWS vacancies are tentative and subject to further government directives or the outcome of any litigation. PwBD reservation is horizontal (included within the parent category above, not additional) — the notification lists PwBD-eligible vacancies for VI, HI, LD and D&E categories separately across regular and backlog rows for each post; candidates with benchmark disabilities should check the official PDF for the exact figures against their category.
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Circle-wise vacancies (RM-Team Lead, IS, IO, VP Wealth, AVP Wealth)
For these five posts, a candidate must choose three different circles while applying. Zonal Head is fixed to Kolkata (East Zone), and Regional Head is suggested for Bengaluru, Bhopal, Hyderabad, Guwahati or Patna.
| 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 |
If a candidate repeats a circle by mistake, or does not get any of their chosen circles, the Bank’s decision on allotment is final; no request for a change of circle preference is entertained at any stage. SBI also reserves the right to transfer selected officers to any of its offices, associates or subsidiaries as required.
Eligibility (per post)
Qualification and experience are counted as on 31 August 2026 for every post. Candidates working in SBI Group companies, Government or PSU offices, or Nationalised Banks must submit a No Objection Certificate (NOC) from their employer while applying.
| Post | Mandatory Qualification | Mandatory Experience |
|---|---|---|
| Zonal Head (Retail) | Graduate from a Government-recognised university/institution | Minimum 15 years managing sales in Wealth Management/Retail Banking/AMCs, including minimum 5 years leading a large team of Relationship Managers and Team Leads |
| Regional Head (RH) | Graduate from a Government-recognised university/institution | Minimum 12+ years in relationship management, preferably wealth management, with leading banks/wealth firms/AMCs, plus 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; Team Lead experience preferred |
| Investment Specialist (IS) | PG degree/diploma in Finance/Accountancy/Business Management/Commerce/Economics/Capital Markets/Banking/Insurance/Actuarial Science, or CA/CFA | Minimum 6 years post-qualification experience as an investment advisor/counsellor/officer/product-team member in Wealth Management Firms/AMCs |
| Investment Officer (IO) | Same as Investment Specialist — PG degree/diploma or CA/CFA | Minimum 4 years post-qualification experience, same domains as above |
| VP Wealth (SRM) | Graduate from a Government-recognised university/institution | 6 years in sales and marketing with leading banks/wealth firms/AMCs (essential); 6 years as a Relationship Manager or similar role in wealth management preferred |
| AVP Wealth (RM) | Graduate from a Government-recognised university/institution | 3 years in sales and marketing with banks/wealth firms/AMCs, or 4 years as an SBI Wealth CRE; 3 years as a Relationship Manager preferred |
Teaching and training experience is not counted for eligibility at any post, and experience of less than six months in an organisation is not considered. The qualifications listed are minimums — candidates must hold them and relevant full-time experience as on the specified dates. Candidates without a stated reserved-category eligibility can apply under the unreserved category if they meet its criteria. Those eligible under the Graduate category form the base qualification for most posts on this notification.
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SBI Specialist Cadre Officer Recruitment 2026 – Selection process
The selection process for SBI Specialist Cadre Officer Recruitment 2026 has three stages, and clearing minimum eligibility alone does not guarantee an interview call.
- Shortlisting — SBI’s shortlisting committee decides the parameters and shortlists an adequate number of candidates for interview. This decision is final; no correspondence is entertained.
- Interview — personal, telephonic or video interview carrying 100 marks. The qualifying marks are decided by the Bank.
- CTC negotiation — done individually with each candidate, either during the interview or after the interview process is complete.
The final merit list is prepared in descending order of interview marks only. If candidates tie at the cut-off, the older candidate is ranked higher. Outstation candidates called for interview after shortlisting are reimbursed the shortest-route travel fare (or actual cost, whichever is lower); local conveyance such as taxi or cab fares is not payable, and a candidate later found ineligible is not reimbursed at all.
Application fee
The application fee and intimation charge (non-refundable) is Rs 750 for UR, EWS and OBC candidates. SC, ST and PwBD candidates do not have to pay any fee. Once paid, the fee will not be refunded, and cannot be adjusted against any other examination or selection.
How to apply
- Visit the SBI careers page or the direct application portal, and download and read Advertisement No. CRPD/SCO/2026-27/23 in full before starting.
- Register online using a valid email ID, and keep it active until the result is declared — call letters and interview advices are sent only by email, with no hard copy.
- Scan a recent photograph and signature before filling the form (see size specifications below), since the application cannot be registered without uploading both.
- Fill in the application carefully. It can be saved and reopened up to three times using the system-generated registration number and password if it isn’t completed in one go.
- Upload all required documents, then pay the application fee online through Debit Card, Credit Card or Internet Banking. No changes can be made to the form after payment.
- Print and retain the e-receipt and the final application form; a reprint option is available later if needed.
Documents to keep ready:
- Recent passport-style colour photograph (20–50 kb, 200×230 px, light background, no cap/hat/dark glasses)
- Signature signed on white paper with black ink and scanned (10–20 kb, 140×60 px; not in capital letters)
- Brief resume/bio-data and CTC format
- ID proof and PAN card
- Educational mark-sheets and degree certificates
- Experience certificates
- Form-16 / offer letter / latest salary slip from the current employer
- Caste certificate (SC/ST/OBC-Non-Creamy Layer, on the Government-prescribed format)
- PwBD certificate, where applicable
- No Objection Certificate, for candidates in Government/PSU/SBI Group employment
All documents except the photograph and signature must be uploaded as PDF, A4 size, not exceeding 500 kb each. Candidates whose scanned files run over these limits can use the site’s Photo & Signature Resizer and PDF Compressor tools to bring them within the prescribed size before uploading.
Important links – SBI Specialist Cadre Officer Recruitment 2026
| Link | What it is |
|---|---|
| Official SBI SCO 2026-27/23 notification (PDF) | Full advertisement with post-wise eligibility, vacancy and salary details |
| Apply online — SBI SCO recruitment portal | Direct application link |
| SBI careers — current openings | Bank’s official careers page, for downloads and updates |
| Latest Jobs — All India | More current pan-India recruitment notifications |
Should you apply for SBI Specialist Cadre Officer Recruitment 2026?
SBI Specialist Cadre Officer Recruitment 2026 suits candidates already working in wealth management, private banking or asset management who want a senior, client-facing role on a large public-sector platform. VP Wealth and AVP Wealth carry the most vacancies (91 and 73), so candidates already working as Relationship Managers in similar HNI/UHNI-facing roles have the widest opening among the seven posts; Zonal Head and Regional Head, in contrast, need well over a decade of experience leading large sales teams and have only 1 and 5 vacancies respectively, making them the most competitive at this level. (This framing is added context, not part of the official notification — confirm your own fit against the eligibility table above.)
One trade-off worth weighing before applying: this is a contract engagement, not a permanent SBI post. The five-year term can be extended by four more years at the Bank’s discretion, but either side can end it with two months’ notice. Circle preference is also not a guarantee — the Bank can post a selected candidate to any circle regardless of the three choices submitted, and candidates who previously received an offer letter for a Wealth Management/Premier Banking post but did not join are barred from applying for two years.
FAQs on SBI Specialist Cadre Officer Recruitment 2026
What is the last date to apply for SBI Specialist Cadre Officer 2026?
Candidates can apply online for the SBI Specialist Cadre Officer (Advt No. CRPD/SCO/2026-27/23) recruitment from 4 September 2026 to 25 September 2026. Registration is complete only once the application fee is paid online within this window.
What is the salary of VP Wealth in SBI?
The VP Wealth (SRM) post carries a CTC upper range of Rs 44.70 lakh, made up of fixed pay up to Rs 30 lakh, conveyance/mobile/medical allowances up to Rs 1.16 lakh, and performance-linked pay of 0% to 45% of fixed pay based on rating.
What is the eligibility for AVP Wealth in SBI?
Candidates need to be graduates from a Government-recognised university, with at least 3 years of sales and marketing experience with a bank, wealth management firm or AMC, or 4 years as an SBI Wealth CRE, as on 31 August 2026.
Is the SBI SCO Wealth Management role a good career move?
It depends on the candidate’s current profile — these posts suit those already in bank or AMC wealth divisions who want a bigger client book and a public-sector platform. Since the role is contract-based rather than permanent, candidates prioritising long-term job security should weigh that before applying. (This is added context, not part of the official notification. Confirm with the hiring office.)
ABOUT THE AUTHOR
I am Sandeep Khati, the founder of India Job Alerts. I hold a B.Tech in Computer Science from JGEC (2010). My career began as a Systems Engineer at TCS, and I have been active in the digital publishing space since 2011, starting with the launch of SearchDarjeeling.com and my work as a web developer and designer at Darjeeling Informatics.
Launched in April 2025, India Job Alerts is my most focused project to date. I am dedicated to publishing verified government and PSU job notifications for candidates in West Bengal, Sikkim, and across India. To guarantee accuracy, I personally cross-check every post against official notifications before publishing. Know more