State Bank of India (SBI) has released Advertisement No. CRPD/SCO/2026-27/23 for the engagement of Specialist Cadre Officers on Contract Basis, specifically for its Wealth Management vertical. A total of 207 vacancies have been notified across seven senior and mid-level roles — from Zonal Head down to Investment Officer — with annual CTC ranging up to ₹97 lakh for the most senior post. This is one of SBI’s most lucrative specialist hiring drives, aimed at experienced professionals from banking, wealth management, and asset management backgrounds. This article covers every detail — vacancy breakup, eligibility, remuneration, selection process, and how to apply.

1. Recruitment Overview

Particular	Details
Bank	State Bank of India (SBI)
Advertisement Number	CRPD/SCO/2026-27/23
Engagement Type	Specialist Cadre Officer, on Contract Basis
Business Vertical	Wealth Management
Total Vacancies	207
Contract Period	5 years (renewable for another 4 years at the Bank’s discretion)
Mode of Application	Online only
Official Website	sbi.bank.in/web/careers/current-openings

2. Important Dates

Event	Date
Advertisement date	4 September 2026
Online registration start	4 September 2026
Online registration & fee payment close	25 September 2026
Eligibility (age, qualification, experience) reckoning date	31 August 2026

3. Vacancy Details

Total Vacancies: 207, across seven posts:

Post	Suggested Place of Posting	Age (Min–Max)
Zonal Head (Retail)	East Zone (Kolkata)	35 – 50
Regional Head (RH)	Bengaluru, Bhopal, Hyderabad, Guwahati, Patna	35 – 50
Relationship Manager – Team Lead	Centres within the applied/opted Circle	28 – 42
Investment Specialist (IS)	Centres within the applied/opted Circle	28 – 42
Investment Officer (IO)	Centres within the applied/opted Circle	28 – 40
VP Wealth (SRM)	Centres within the applied/opted Circle	26 – 42
AVP Wealth (RM)	Centres within the applied/opted Circle	23 – 35

Circle-Wise Vacancy Breakdown (Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, AVP Wealth)

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

These five posts alone account for 201 vacancies; the remaining 6 vacancies are split between Zonal Head (Retail) and Regional Head (RH) posts, which also carry a small number of backlog vacancies reserved for SC/ST/OBC/EWS/PwBD categories.

Important rules on Circle selection: For the five circle-based posts, candidates must indicate three different Circle preferences while applying. Repeating a Circle by mistake, or any incorrect selection, is resolved entirely at the Bank’s discretion — this decision is final, and no request for change of Circle preference is entertained at any stage. If you don’t get any of your chosen Circles, your candidature may still be considered for other Circles.

Note: Vacancies mentioned are indicative, and the Bank reserves the right to transfer selected officers to any SBI office in India, or depute them to any associate/subsidiary organisation, based on service requirements. Requests for a specific posting location will not be entertained.

4. Eligibility Criteria

A. Zonal Head (Retail)

• Qualification: Graduate from a Government-recognised university. Preferred: MBA (Banking/Finance/Marketing) with 60% marks, or certifications like CFP/CFA/NISM V-A/NISM Investment Advisor/NISM 21-A.
• Experience: Minimum 15 years managing sales in Wealth Management/Retail Banking/AMCs, of which at least 5 years leading a large team of Relationship Managers/Team Leads, preferably in a Wealth Management firm or AMC.

B. Regional Head (RH)

• Qualification: Same as Zonal Head.
• Experience: Minimum 12+ years in relationship management, preferably in wealth management with leading Public/Private/Foreign Banks, Wealth Management firms, or AMCs, including 5+ years leading a large team.

C. Relationship Manager – Team Lead

• Qualification: Same as above.
• Experience: Minimum 8 years in relationship management, preferably in wealth management with leading Banks/Broking/Security firms/AMCs. Experience as a Team Lead is preferred.

D. Investment Specialist (IS)

• Qualification: A PG Degree/PG Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance, or Actuarial Science, or CA/CFA.
• Experience: Minimum 6 years post-qualification experience as an investment advisor/counsellor/officer or part of a product team in Wealth Management firms/AMCs.

E. Investment Officer (IO)

• Qualification: Same as Investment Specialist.
• Experience: Minimum 4 years post-qualification experience in a similar investment advisory role.

F. VP Wealth (SRM)

• Qualification: Graduate from a Government-recognised university. Preferred: NISM V-A/XXI-A, CFP/CFA certifications.
• Experience: Minimum 6 years in sales & marketing with leading Banks/Wealth Management firms/AMCs (essential), plus preferably 6 years as a Relationship Manager in Wealth Management.

G. AVP Wealth (RM)

• Qualification: Same as VP Wealth.
• Experience: Minimum 3 years in sales & marketing with leading Banks/Wealth Management firms/AMCs, or SBI Wealth CREs with 4 years of experience.

Common notes across all posts:

• Teaching and training experience will not be counted toward eligibility.
• Experience of less than 6 months in any organisation is not considered.
• Work experience is verified through experience certificates, appraisal letters, appointment/relieving letters, or offer letters combined with IT returns.
• Candidates from SBI Group companies must submit a No Objection Certificate (NOC) from their employer at the time of applying.
• Candidates can apply for more than one post, provided they meet the eligibility criteria for each.

5. Selection Process

1. Shortlisting: Meeting the minimum qualification and experience does not automatically entitle a candidate to an interview call. A shortlisting committee decides the parameters, and only the number of candidates the Bank decides will be called.
2. Interview: One or more rounds of personal, telephonic, or video interview, carrying 100 marks. Qualifying marks are decided by the Bank.
3. CTC Negotiation: Conducted individually with each candidate, either during or after the interview process.
4. Merit List: Prepared in descending order of interview marks only. If candidates tie at the cut-off, the older candidate (by age) is ranked higher.

Shortlisting is provisional, without verification of original documents — final candidature is subject to document verification at the time of the interview.

6. Salary & Remuneration (CTC Structure)

This role offers a genuinely high compensation structure compared to typical SBI recruitment:

Post	Annual CTC (Upper Range)
Zonal Head (Retail)	₹97.00 lakh
Regional Head (RH)	₹66.40 lakh
Relationship Manager – Team Lead	₹51.80 lakh
VP Wealth (SRM)	₹44.70 lakh
Investment Specialist (IS)	₹44.50 lakh
AVP Wealth (RM)	₹30.20 lakh
Investment Officer (IO)	₹27.10 lakh

CTC Bifurcation (example — Zonal Head):

• Fixed Pay: ₹66.00 lakh
• Conveyance, Mobile & Medical Allowances: ₹1.10 lakh
• Performance Linked Pay: 0% to 45% of Fixed Pay
• Annual Increment Band: 0% to 25%

Similar fixed-pay-plus-variable structures apply to all seven posts, with Fixed Pay ranging from ₹18 lakh (Investment Officer) up to ₹66 lakh (Zonal Head), plus Performance Linked Pay of up to 45% of fixed pay based on performance rating.

Important: Annual CTC is negotiable, and depends on the candidate’s experience, current emoluments, and place of posting.

Contract Terms

• Contract Period: 5 years, renewable for another 4 years at the Bank’s discretion, subject to conditions.
• Termination: Either side can terminate with 2 months’ notice, or by payment/surrender of 2 months’ compensation in lieu.
• Leave: 30 days of leave per financial year, granted for genuine and appropriate reasons.

7. Application Fee

Category	Fee
UR / EWS / OBC	₹750 (non-refundable)
SC / ST / PwBD	No fee

• Fee payment is accepted via Internet Banking, Debit Card, or Credit Card.
• The fee, once paid, is non-refundable and cannot be adjusted for any other selection process.

8. How to Apply

1. Visit sbi.bank.in/web/careers/current-openings
2. Scroll down and click on the relevant advertisement, then download Advertisement No. CRPD/SCO/2026-27/23 and read it carefully.
3. Click Apply Online and register with a valid, active email ID (you’ll need this until the result is declared).
4. Scan your latest photograph and signature before starting — the application won’t register without these uploaded correctly.
5. Fill in the application form carefully. You can save your progress and resume later using the provisional registration number and password generated by the system — editing is allowed up to three times before final submission.
6. Once complete, submit the form and proceed to fee payment.
7. Pay online through the integrated payment gateway (Debit Card/Credit Card/Internet Banking).
8. Download the e-Receipt and application form after successful payment — this is your only proof of submission.

Documents to Upload

Document	Format	Size
Recent Photograph	JPG/JPEG	20KB – 50KB
Signature (black ink, on white paper)	JPG/JPEG	10KB – 20KB
Brief Resume	PDF	Max 500KB
ID Proof	PDF	Max 500KB
PAN Card	PDF	Max 500KB
PwBD Certificate (if applicable)	PDF	Max 500KB
Educational Certificates (mark sheets/degree)	PDF	Max 500KB
Experience Certificates	PDF	Max 500KB
Form-16/Offer Letter/Latest Salary Slip	PDF	Max 500KB
No Objection Certificate (if applicable)	PDF	Max 500KB
Bio-data & CTC Format	PDF	Max 500KB

Important rules to remember:

• Once documents are submitted, they cannot be edited or changed.
• Only your last valid, completed application is retained if you submit multiple applications — fees paid for earlier attempts are forfeited.
• The call letter for interview is sent only by email or uploaded on the Bank’s website — no hard copy is sent.
• Apply well before the deadline; SBI does not take responsibility for failed submissions due to heavy website traffic near the closing date.

9. Other Important Conditions

• Candidates previously issued an offer letter for Wealth Management/Premier Banking roles who did not join are debarred for 2 years from the date of non-joining.
• Candidates who were previously engaged on contract for these posts and subsequently resigned are debarred for 2 years from the date of resignation.
• Candidates against whom a caution notice was issued after resignation are barred from all future SBI recruitment.
• Candidates with pending criminal cases must disclose this at the interview stage; the Bank may independently verify this, including through police records.
• Outstation candidates called for interview are reimbursed travel fare for the shortest route (as specified in the call letter) — local conveyance (taxi/cab/personal vehicle) is not reimbursed.
• Any legal disputes related to this recruitment fall under the exclusive jurisdiction of Mumbai courts.

10. Frequently Asked Questions

11. Official Links

Resource	Link
Official Notification – SBI SCO Recruitment 2026 (Wealth Management)	Download PDF
Online Application Portal	Apply Online
Official SBI Careers Page	sbi.bank.in/web/careers/current-openings

Read the complete official notification carefully before applying, especially the post-specific experience requirements and Circle preference rules. Rely only on the official SBI website for updates on shortlisting and interview schedules — no hard copy communication is sent for this recruitment.