State Bank of India (SBI) has announced the SBI SCO Recruitment 2026 for experienced professionals interested in working in its Specialist Cadre. The recruitment is for Chief Manager (Product & Research – Forex & Rupee Derivatives) and Manager (Product & Research Analyst) positions on a regular basis.
A total of 7 vacancies are reported under Advertisement No. CRPD/SCO/2026-27/26. Candidates with an MBA, PGDM, PGDBM, PGDBA or an equivalent qualification, along with the required professional experience, can apply for these positions.
The SBI SCO online application process is scheduled to begin on 2 November 2026, and the last date to submit the application form is 23 November 2026. The selection process will include shortlisting and a personal interview. There is no written examination for this recruitment.
Candidates interested in these SBI Specialist Officer Jobs should check the post-wise vacancies, educational qualifications, age limits, work experience, salary, selection process and application instructions before applying.
SBI SCO Recruitment 2026: Overview
| Recruitment Details | Information |
|---|---|
| Organisation | State Bank of India (SBI) |
| Recruitment Name | SBI Specialist Cadre Officer Recruitment 2026 |
| Advertisement Number | CRPD/SCO/2026-27/26 |
| Post Names | Chief Manager and Manager |
| Total Vacancies | 7 |
| Recruitment Type | Regular Basis |
| Job Category | Banking Jobs |
| Application Mode | Online |
| Registration Starts | 2 November 2026 |
| Last Date to Apply | 23 November 2026 |
| Eligibility Cut-off Date | 30 September 2026 |
| Selection Process | Shortlisting and Personal Interview |
| Job Location | Mumbai (suggested posting) |
| Official Website | SBI Careers |
SBI SCO Vacancy 2026: Post-Wise Details
State Bank of India has announced 7 vacancies for two specialist positions. The recruitment includes vacancies in different officer grades.
Post-Wise Vacancy Distribution
| Post Name | Grade | Vacancies |
|---|---|---|
| Chief Manager (Product & Research – Forex & Rupee Derivatives) | SMGS-IV | 1 |
| Manager (Product & Research Analyst) | MMGS-III | 6 |
| Total | 7 |
Category-Wise Vacancy Details
| Post | UR | SC | OBC | Total |
|---|---|---|---|---|
| Chief Manager | 1 | – | – | 1 |
| Manager | 3 | 1 | 2* | 6 |
| Total | 4 | 1 | 2 | 7 |
Note: One OBC vacancy under the Manager post is a backlog vacancy. PwBD-VI (Low Vision) reservation is horizontal and included within the respective category vacancies. The vacancy numbers are provisional and may change according to the bank’s requirements.
SBI SCO Eligibility Criteria 2026
Candidates applying for SBI Chief Manager and Manager Recruitment 2026 must meet the educational qualification, age limit and professional experience requirements.
The eligibility conditions will be considered as of 30 September 2026.
1. Educational Qualification
Chief Manager (Product & Research – Forex & Rupee Derivatives)
Mandatory Qualification:
- MBA / PGDM / PGDBM / PGDBA or an equivalent qualification from a university or institution recognised by the UGC, AICTE or relevant government authorities.
- Specialisation in Finance is preferred.
- Candidates should have proficiency in spoken and written English.
Preferred Professional Certifications:
- CFA (Chartered Financial Analyst)
- FRM (Financial Risk Manager)
- CA (Chartered Accountant)
- CMA / ICWA
Manager (Product & Research Analyst)
Mandatory Qualification:
- MBA / PGDM / PGDBM / PGDBA or an equivalent recognised qualification.
- Finance specialisation is preferred.
- Candidates should have proficiency in verbal and written English.
Preferred Professional Certifications:
- CFA
- FRM
- CA
- CMA / ICWA
Important: If the specialisation is not mentioned on the degree certificate, candidates may need to provide a certificate or letter from their college or university confirming their major subject.
2. Work Experience Requirements
This SBI recruitment is mainly intended for experienced professionals with a background in banking, financial research and related sectors.
Chief Manager (SMGS-IV)
- Minimum 7 years of post-qualification work experience.
- Experience in Forex and Rupee Derivatives markets.
- Relevant experience in banks, investment banks, NBFCs, mutual funds, brokerage firms or research organisations.
Manager (MMGS-III)
- Minimum 3 years of post-qualification work experience.
- Experience in Equity, Forex or Debt Research.
- Relevant experience in banks, NBFCs, mutual funds, brokerage firms, research firms or other eligible organisations.
Note: Teaching and training experience will not be counted towards the required professional experience.
3. Age Limit for SBI SCO Recruitment 2026
The age limit for both positions is calculated as of 30 September 2026.
| Post Name | Minimum Age | Maximum Age |
|---|---|---|
| Chief Manager | 30 Years | 40 Years |
| Manager | 24 Years | 36 Years |
Candidates belonging to reserved categories are eligible for age relaxation as per the applicable government rules.
4. Upper Age Relaxation
| Category | Age Relaxation |
|---|---|
| OBC (Non-Creamy Layer) | 3 Years |
| SC / ST | 5 Years |
| PwBD-VI (Low Vision) – General / EWS | 10 Years |
| PwBD-VI (Low Vision) – OBC | 13 Years |
| PwBD-VI (Low Vision) – SC / ST | 15 Years |
Important for OBC Candidates: Candidates claiming OBC reservation must submit a valid Non-Creamy Layer certificate in the prescribed format. The certificate must be issued on or after 1 April 2026 and within the period specified in the recruitment notification.
SBI SCO Salary 2026: Pay Scale and Allowances
Selected candidates for SBI Specialist Cadre Officer posts will receive an attractive salary according to their officer grade.
The salary includes basic pay and other allowances and benefits applicable under SBI service rules.
Chief Manager Salary (SMGS-IV)
| Salary Component | Details |
|---|---|
| Officer Grade | SMGS-IV |
| Starting Basic Pay | ₹1,02,300 |
| Pay Scale | ₹1,02,300 – ₹2,980/4 – ₹1,14,220 – ₹3,360/2 – ₹1,20,940 |
Manager Salary (MMGS-III)
| Salary Component | Details |
|---|---|
| Officer Grade | MMGS-III |
| Starting Basic Pay | ₹85,920 |
| Pay Scale | ₹85,920 – ₹2,680/5 – ₹99,320 – ₹2,980/2 – ₹1,05,280 |
Additional Benefits and Allowances
Apart from the basic salary, selected SBI officers may receive benefits as per applicable bank rules, including:
- Dearness Allowance (DA)
- House Rent Allowance (HRA) or leased accommodation
- City Compensatory Allowance (CCA)
- National Pension System (NPS)
- Provident Fund benefits
- Medical facilities
- Leave Fare Concession (LFC)
- Official conveyance support, wherever applicable
Probation Period: The probation period is 12 months from the date of joining.
Note: The actual monthly salary and total annual compensation will depend on the applicable allowances, location and service rules.
SBI SCO Job Profile and Responsibilities
The two positions are related to financial research and specialised banking activities.
Chief Manager – Forex and Rupee Derivatives
The Chief Manager position is related to research and product activities in the Forex and Rupee Derivatives market.
The role may involve:
- Studying foreign exchange market movements.
- Analysing currency and interest rate trends.
- Supporting research on Forex and Rupee Derivatives products.
- Preparing market reports and research-based insights.
- Working with financial market data and product strategies.
Manager – Product and Research Analyst
The Manager position focuses on financial research and analysis.
The role may involve:
- Studying Equity, Forex and Debt markets.
- Preparing financial research reports.
- Analysing market trends and financial information.
- Supporting research and product-related activities.
- Providing useful insights for business and investment decisions.
Candidates should refer to the official job description for the complete responsibilities of each position.
SBI SCO Selection Process 2026
The selection process for SBI Specialist Cadre Officer Recruitment 2026 consists of two main stages.
1. Shortlisting
SBI will examine the applications and shortlist candidates based on the eligibility requirements and selection criteria decided by the bank.
Meeting the minimum educational qualification and experience requirements does not guarantee an interview call.
2. Personal Interview
Shortlisted candidates will be called for a personal interview.
| Interview Details | Information |
|---|---|
| Interview Marks | 100 Marks |
| Written Examination | Not Applicable |
| Interview Call Letter | Through Email / SMS |
| Qualifying Marks | Decided by SBI |
3. Final Merit List
The final merit list will be prepared based on the marks obtained in the personal interview.
Candidates securing higher interview marks will receive a higher position in the merit list.
If two or more candidates obtain equal marks, the older candidate will receive preference.
Travel Allowance for Interview
Eligible outstation candidates appearing for the interview may receive reimbursement of return travel expenses up to ₹10,000 or the actual eligible fare, whichever is lower, subject to the conditions mentioned in the notification and submission of required travel documents.
SBI SCO Application Fee 2026
Candidates must pay the prescribed application fee through the online payment gateway.
| Category | Application Fee |
|---|---|
| General | ₹750 |
| EWS | ₹750 |
| OBC | ₹750 |
| SC | Nil |
| ST | Nil |
| PwBD | Nil |
Candidates can pay the application fee using the available online payment options, such as debit card, credit card, UPI or net banking.
Important: The application fee is non-refundable.
Documents Required for SBI SCO Online Application
Candidates should keep the required documents ready before starting the online registration process.
The important documents include:
- Recent passport-size photograph.
- Scanned signature.
- Updated resume.
- Identity proof.
- Date of birth proof.
- Educational qualification certificates.
- MBA / PGDM degree or equivalent certificate.
- Professional certification documents, if applicable.
- Work experience certificates.
- Caste certificate, if applicable.
- PwBD certificate, if applicable.
- SBI Biodata Form and other prescribed documents.
Photograph and Signature Specifications
| Document | File Size | Dimensions |
|---|---|---|
| Photograph | 20–50 KB | 200 × 230 pixels |
| Signature | 10–20 KB | 140 × 60 pixels |
| Resume | PDF, up to 500 KB | As prescribed |
Candidates should check the official application instructions for the latest document format and upload requirements.
How to Apply Online for SBI SCO Recruitment 2026?
Eligible candidates can submit their applications through the SBI Careers portal.
Follow these steps to complete the SBI SCO Online Application Form 2026.
Step 1: Visit the Official Website
Open the official SBI Careers website:
https://sbi.bank.in/web/careers/current-openings1
Step 2: Find the Recruitment Notification
Look for the recruitment titled Specialist Cadre Officers on Regular Basis under Advertisement No. CRPD/SCO/2026-27/26.
Step 3: Complete New Registration
Click on the new registration option and enter your basic details, including your mobile number and email address.
Step 4: Fill in the Application Form
Enter your personal information, educational qualifications, professional experience and other required details.
Step 5: Upload Required Documents
Upload your photograph, signature, resume, educational certificates, experience documents and other required certificates in the prescribed format.
Step 6: Pay the Application Fee
Pay the applicable fee through the online payment gateway. SC, ST and PwBD candidates are exempted from the application fee.
Step 7: Submit the Application
Check all the details carefully before final submission. Download or print the completed application form and payment receipt for future reference.
Candidates should complete the registration process well before the closing date to avoid last-minute technical problems.
SBI SCO Recruitment 2026: Important Dates
| Event | Date |
|---|---|
| Notification Date | 2 November 2026 |
| Online Application Starts | 2 November 2026 |
| Last Date to Apply Online | 23 November 2026 |
| Last Date for Fee Payment | 23 November 2026 |
| Eligibility Cut-off Date | 30 September 2026 |
Candidates should regularly check the SBI Careers website for interview schedules, shortlisted candidate lists and further recruitment updates.
SBI SCO Recruitment 2026: Important Links
| Description | Link |
|---|---|
| SBI Official Website | https://sbi.bank.in/ |
| SBI Careers Portal | https://sbi.bank.in/web/careers/current-openings1 |
| Official Notification PDF | Check SBI Notification |
| Online Application Form | Check SBI Application |
Important: Use only the official SBI website to access the notification and submit your application. Verify Advertisement No. CRPD/SCO/2026-27/26 before proceeding.
Frequently Asked Questions (FAQs)
1. How many vacancies are available in SBI SCO Recruitment 2026?
A total of 7 vacancies are reported under SBI SCO Recruitment 2026. These include 1 Chief Manager vacancy and 6 Manager vacancies.
2. What is the last date to apply for SBI SCO Recruitment 2026?
The last date to submit the online application form is 23 November 2026.
3. Which posts are available under SBI Specialist Cadre Officer Recruitment 2026?
The recruitment includes the following positions:
- Chief Manager (Product & Research – Forex & Rupee Derivatives).
- Manager (Product & Research Analyst).
4. What is the educational qualification required for SBI SCO posts?
Candidates should possess an MBA, PGDM, PGDBM, PGDBA or an equivalent recognised qualification. Finance specialisation is preferred.
5. How much work experience is required for SBI SCO Recruitment 2026?
Chief Manager applicants need a minimum of 7 years of relevant post-qualification experience, while Manager applicants need at least 3 years of relevant post-qualification experience.
6. What is the age limit for SBI Chief Manager and Manager posts?
The age limit is 30 to 40 years for Chief Manager and 24 to 36 years for Manager, calculated as of 30 September 2026. Applicable age relaxation is available for eligible reserved categories.
7. What is the salary of an SBI Chief Manager?
The starting basic pay for the Chief Manager post is ₹1,02,300 per month under the SMGS-IV pay scale, along with applicable allowances and benefits.
8. What is the salary of an SBI Manager?
The starting basic pay for the Manager post is ₹85,920 per month under the MMGS-III pay scale, along with applicable allowances and benefits.
9. Is there any written examination for SBI SCO Recruitment 2026?
No. The selection process consists of shortlisting and a personal interview carrying 100 marks.
10. What is the application fee for SBI SCO Recruitment 2026?
General, EWS and OBC candidates must pay ₹750. SC, ST and PwBD candidates are exempted from the application fee.
11. Can candidates apply for both Chief Manager and Manager posts?
Candidates who satisfy the eligibility requirements for both positions may apply separately for both posts, subject to the application instructions and payment of the applicable fees.
12. Where will selected candidates be posted?
Mumbai is indicated as the suggested place of posting. However, SBI may transfer or post selected candidates to other locations in India according to its requirements.
13. What is the probation period for selected SBI SCO candidates?
The probation period is 12 months from the date of joining.
14. Where can I apply for SBI Specialist Cadre Officer Recruitment 2026?
Candidates can visit the official SBI Careers portal at https://sbi.bank.in/web/careers/current-openings1 to check the recruitment notification and online application link.