The State Bank of India (SBI) has released the SBI SCO Recruitment 2026 Notification for the recruitment of 7 Specialist Cadre Officers on a regular basis. The available positions include Chief Manager (Product & Research – Forex & Rupee Derivatives) and Manager (Product & Research Analyst) under Advertisement No. CRPD/SCO/2026-27/26. According to the official notification dated 2 November 2026, eligible Indian citizens can submit their applications online from 2 November to 23 November 2026 through the SBI Careers portal.
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Candidates must possess an MBA, PGDM, PGDBM, PGDBA or equivalent qualification along with the prescribed professional experience. The selection process will consist of shortlisting and an interview, and the suggested place of posting is Mumbai. The advertised basic pay scales start at ₹1,02,300 for Chief Manager and ₹85,920 for Manager, along with applicable allowances and benefits under SBI rules.
SBI SCO Recruitment 2026 Notification PDF
The State Bank of India has published the official Specialist Cadre Officer recruitment notification through its Central Recruitment & Promotion Department, Corporate Centre, Mumbai.
The notification contains detailed information regarding vacancies, eligibility, age limits, professional experience, salary, selection procedure, application fees and online registration instructions.
Candidates should read the complete notification before submitting their applications.
Advertisement Number: CRPD/SCO/2026-27/26
Official Notification: Click to Download
Official Website: https://sbi.bank.in/
SBI Careers: https://sbi.bank.in/web/careers/current-openings
SBI SCO Recruitment 2026 Overview
| Particulars | Details |
|---|---|
| Recruiting Organisation | State Bank of India (SBI) |
| Recruitment Name | SBI Specialist Cadre Officer Recruitment 2026 |
| Advertisement Number | CRPD/SCO/2026-27/26 |
| Notification Date | 2 November 2026 |
| Post Names | Chief Manager and Manager (Product & Research) |
| Total Vacancies | 07 |
| Employment Type | Regular |
| Application Mode | Online |
| Application Start Date | 2 November 2026 |
| Last Date to Apply | 23 November 2026 |
| Educational Qualification | MBA / PGDM / PGDBM / PGDBA or Equivalent |
| Experience Required | 3–7 Years, depending on the post |
| Age Limit | 24–40 Years, post-wise |
| Selection Process | Shortlisting and Interview |
| Suggested Posting Location | Mumbai |
| Official Website | https://sbi.bank.in/ |
SBI SCO Vacancy 2026
The State Bank of India has announced a total of 7 vacancies for two Specialist Cadre Officer positions.
| Post Name | Grade | Regular Vacancies | Backlog Vacancies | Total |
|---|---|---|---|---|
| Chief Manager (Product & Research – Forex & Rupee Derivatives) | SMGS-IV | 01 | 00 | 01 |
| Manager (Product & Research Analyst) | MMGS-III | 05 | 01 | 06 |
| Total | 06 | 01 | 07 |
Category-Wise Vacancy Distribution
| Post Name | SC | OBC | UR | Total |
|---|---|---|---|---|
| Chief Manager | 00 | 00 | 01 | 01 |
| Manager – Regular | 01 | 01 | 03 | 05 |
| Manager – Backlog | 00 | 01 | 00 | 01 |
| Total | 01 | 02 | 04 | 07 |
The notification also specifies one horizontal PwBD-VI (Low Vision) reservation under the Chief Manager vacancy and one under the Manager backlog vacancy. These are included within the advertised vacancies and are not additional posts.
The number of vacancies is provisional and may change according to SBI’s requirements.
Also Read: TCIL Recruitment 2026 Notification Out for Resident Engineer, Administrator And More Posts
SBI SCO Recruitment 2026 Important Dates
| Event | Date |
|---|---|
| Notification Release Date | 2 November 2026 |
| Online Application Starting Date | 2 November 2026 |
| Last Date for Online Application | 23 November 2026 |
| Last Date for Application Fee Payment | 23 November 2026 |
| Eligibility Cut-off Date | 30 September 2026 |
| Interview Date | To Be Announced |
| Interview Call Letter | To Be Notified |
| Final Result | To Be Announced |
Candidates should complete the online registration and fee payment before the closing date.
SBI SCO Recruitment Eligibility Criteria 2026
Candidates must satisfy the prescribed educational qualifications, relevant professional experience and age requirements as of 30 September 2026.
1. Chief Manager (Product & Research – Forex & Rupee Derivatives)
Number of Vacancies: 01
Grade: Senior Management Grade Scale-IV (SMGS-IV)
Mandatory Educational Qualification:
Candidates must possess any of the following qualifications or an equivalent degree from an institution recognized by the appropriate Government bodies, AICTE or UGC:
- MBA
- PGDM
- PGDBM
- PGDBA
Preference will be given to candidates with specialization in Finance.
Preferred Additional Qualifications:
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Chartered Accountant (CA)
- Cost Accountant (CMA)
Mandatory Experience:
Candidates must have a minimum of 7 years of post-qualification experience in Forex and Rupee markets.
Relevant experience may be gained from corporate or non-corporate organisations, research firms, brokerage firms, banks, NBFCs or mutual funds.
Teaching or training experience will not be counted toward the required professional experience.
Specific Skill: Proficiency in spoken and written English.
Age Limit: 30–40 years.
Suggested Posting Location: Mumbai.
2. Manager (Product & Research Analyst)
Number of Vacancies: 06
Grade: Middle Management Grade Scale-III (MMGS-III)
Mandatory Educational Qualification:
Candidates must possess an MBA, PGDM, PGDBM, PGDBA or equivalent qualification from a recognized institution.
Preference will be given to candidates specializing in Finance.
Preferred Additional Qualifications:
- CFA
- FRM
- CA
- CMA
Mandatory Experience:
Candidates must possess a minimum of 3 years of post-qualification experience in Equity, Forex or Debt research.
Relevant experience may be gained from corporate or non-corporate organisations, research firms, brokerage firms, banks, NBFCs or mutual funds.
Teaching or training experience will not be considered toward the mandatory experience requirement.
Specific Skill: Proficiency in spoken and written English.
Age Limit: 24–36 years.
Suggested Posting Location: Mumbai.
SBI SCO Recruitment Age Limit 2026
The age limit will be calculated as of 30 September 2026.
| Post Name | Minimum Age | Maximum Age |
|---|---|---|
| Chief Manager | 30 Years | 40 Years |
| Manager | 24 Years | 36 Years |
Age Relaxation
The following upper-age relaxations are specified in the notification:
| Category | Age Relaxation |
|---|---|
| OBC (Non-Creamy Layer) | 3 Years |
| SC / ST | 5 Years |
| PwBD – VI (Low Vision), UR | 10 Years |
| PwBD – VI (Low Vision), OBC | 13 Years |
| PwBD – VI (Low Vision), SC | 15 Years |
Age relaxation is subject to the applicable eligibility and certificate requirements.
Cumulative age relaxation is not available under the notification.
SBI SCO Recruitment Salary 2026
Selected candidates will receive salaries according to their respective SBI officer grades.
| Post Name | Grade | Basic Pay Scale |
|---|---|---|
| Chief Manager | SMGS-IV | ₹1,02,300–₹1,20,940 |
| Manager | MMGS-III | ₹85,920–₹1,05,280 |
Detailed Pay Scale
Chief Manager – SMGS-IV
₹1,02,300 – 2,980/4 – ₹1,14,220 – 3,360/2 – ₹1,20,940
Manager – MMGS-III
₹85,920 – 2,680/5 – ₹99,320 – 2,980/2 – ₹1,05,280
The selected officers will also be eligible for applicable benefits under SBI rules, including:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- City Compensatory Allowance (CCA)
- Provident Fund
- Contributory Pension Fund / NPS
- Leave Fare Concession (LFC)
- Medical Facilities
- Other admissible perquisites
These are basic pay scales, not fixed monthly take-home salaries.
Probation Period
Both positions have a 12-month probation period, subject to the bank’s applicable service rules.
SBI SCO Recruitment Application Fee 2026
Candidates must pay the application fee online during the registration process.
| Category | Application Fee |
|---|---|
| General | ₹750 |
| OBC | ₹750 |
| EWS | ₹750 |
| SC | Nil |
| ST | Nil |
| PwBD | Nil |
The application fee is non-refundable.
Payment can be made using debit card, credit card, internet banking or other available online payment options.
Any applicable online transaction charges must be borne by the candidate.
How to Apply Online for SBI SCO Recruitment 2026?
Candidates can submit their applications through the official SBI Careers portal.
Step 1: Visit the SBI Careers website at https://sbi.bank.in/web/careers/current-openings.
Step 2: Find Advertisement No. CRPD/SCO/2026-27/26 under Current Openings.
Step 3: Download and read the official recruitment notification.
Step 4: Click the Apply Online link associated with the advertisement.
Step 5: Register using a valid email address and mobile number.
Step 6: Fill in the application form with personal details, educational qualifications, professional experience and other required information.
Step 7: Upload the prescribed photograph, signature, resume, certificates and supporting documents.
Step 8: Check all information carefully before final submission.
Step 9: Pay the applicable application fee through the online payment gateway.
Step 10: Submit the application and download the system-generated application form and payment receipt for future reference.
Important: Candidates are not required to send a hard copy of the application form or supporting documents to SBI.
Candidates who satisfy the eligibility criteria for both positions may apply for both posts.
Documents Required for SBI SCO Recruitment 2026
Candidates must upload the required documents while submitting the online application.
The notification specifies the following documents:
- Recent passport-size photograph.
- Scanned signature.
- Detailed resume.
- Valid identity proof.
- Proof of date of birth.
- Educational degree certificates.
- Mandatory professional experience certificates.
- Additional professional qualification certificates, if applicable.
- Caste certificate, if applicable.
- PwBD certificate, if applicable.
- Duly filled and signed biodata form.
- Form 16, offer letter or latest salary slip from the current employer.
- No Objection Certificate, where applicable.
Candidates working in Government institutions, Public Sector Undertakings or Public Sector Banks must produce the required NOC at the interview if not uploaded earlier.
Photograph and Signature Requirements
| Document | File Format | File Size | Preferred Dimensions |
|---|---|---|---|
| Photograph | JPG/JPEG | 20–50 KB | 200 × 230 pixels |
| Signature | JPG/JPEG | 10–20 KB | 140 × 60 pixels |
| Supporting Documents | Up to 500 KB each | A4 page |
The signature must be written in black ink on white paper.
Signatures in capital letters will not be accepted.
Candidates should follow the upload instructions provided on the registration portal.
SBI SCO Recruitment Selection Process 2026
The SBI Specialist Cadre Officer recruitment will be conducted through shortlisting and interview.
Stage 1: Shortlisting
The bank will shortlist candidates based on qualifications, relevant experience, suitability and other parameters determined by the shortlisting committee.
Meeting the minimum eligibility requirements does not automatically guarantee an interview call.
Stage 2: Interview
Shortlisted candidates will be invited to attend an interview.
| Particulars | Details |
|---|---|
| Interview Marks | 100 |
| Qualifying Marks | Decided by SBI |
| Interview Date | To Be Announced |
| Interview Venue | Decided by SBI |
| Call Letter | Email or SBI Careers Portal |
Stage 3: Final Merit List
The final merit list will be prepared in descending order of marks obtained in the interview only.
If candidates obtain identical marks at the cut-off point, they will be ranked according to age in descending order.
Stage 4: Document Verification and Medical Examination
Final appointment will be subject to verification of educational qualifications, professional experience, credentials, antecedents and medical fitness.
Note: The notification does not prescribe a separate written examination for these positions.
SBI SCO Recruitment Job Profile 2026
Chief Manager – Product & Research (Forex & Rupee Derivatives)
The selected candidate will work on the development and management of Forex and Rupee derivative products.
Key responsibilities include:
- Conducting research and developing new derivative products.
- Evaluating product performance.
- Supporting marketing of derivative products.
- Conducting macroeconomic and interest-rate research.
- Preparing product notes and risk disclosures.
- Coordinating with risk, legal, IT and other internal departments.
- Supporting regulatory and internal compliance.
- Assisting strategic product planning.
- Mentoring team members.
Manager – Product & Research Analyst
The selected candidates will support financial market research and product development.
Key responsibilities include:
- Conducting fundamental and technical research.
- Analysing Equity, Forex and Debt markets.
- Studying macroeconomic trends and central bank policies.
- Preparing financial models and valuation reports.
- Monitoring currency movements, bond yields and corporate earnings.
- Preparing market outlook reports.
- Collaborating with trading desks.
- Supporting product development.
- Providing research updates to stakeholders and management.
The bank may assign additional responsibilities according to operational requirements.
SBI SCO Recruitment 2026 Important Links
| Description | Link |
|---|---|
| Official Notification PDF | Click Here |
| Apply Online | https://sbi.bank.in/web/careers/current-openings |
| SBI Current Openings | https://sbi.bank.in/web/careers/current-openings |
| SBI Official Website | https://sbi.bank.in/ |
| Recruitment Help / Query | https://sbi.bank.in/web/careers/post-your-query |
Candidates should use only the official SBI Careers website for registration and recruitment updates.
SBI SCO Recruitment 2026 FAQs
Q1. How many vacancies are available in SBI SCO Recruitment 2026?
Ans: SBI has announced 7 Specialist Cadre Officer vacancies, including 1 Chief Manager and 6 Manager positions.
Q2. What is the last date to apply for SBI SCO Recruitment 2026?
Ans: The last date to submit the online application and pay the applicable fee is 23 November 2026.
Q3. What is the educational qualification for SBI SCO Recruitment 2026?
Ans: Candidates must possess an MBA, PGDM, PGDBM, PGDBA or equivalent qualification. Relevant professional experience is also mandatory.
Q4. What is the age limit for SBI SCO Recruitment 2026?
Ans: The age limit is 30–40 years for Chief Manager and 24–36 years for Manager, calculated as of 30 September 2026, with applicable upper-age relaxation.
Q5. What is the salary for SBI SCO Recruitment 2026?
Ans: The starting basic pay is ₹1,02,300 for Chief Manager and ₹85,920 for Manager, along with applicable allowances.
Q6. Is SBI SCO Recruitment 2026 a permanent job?
Ans: The positions are advertised on a regular basis, not as fixed-term contractual appointments. Selected candidates will be subject to a 12-month probation period.
Q7. What is the selection process for SBI SCO Recruitment 2026?
Ans: Selection will be based on shortlisting and an interview carrying 100 marks.
Q8. Is there a written examination for SBI SCO Recruitment 2026?
Ans: No separate written examination is specified in this recruitment notification.
Q9. What is the application fee for SBI SCO Recruitment 2026?
Ans: General, OBC and EWS candidates must pay ₹750. SC, ST and PwBD candidates are exempted.
Q10. Can candidates apply for both SBI SCO positions?
Ans: Yes. Candidates who meet the eligibility requirements for both posts may apply for both.
Q11. What is the job location for SBI SCO Recruitment 2026?
Ans: Mumbai is the suggested place of posting. However, SBI reserves the right to post or transfer selected officers elsewhere according to service requirements.
Q12. What is the official website for SBI SCO Recruitment 2026?
Ans: Candidates can visit https://sbi.bank.in/web/careers/current-openings for the official notification, online application and recruitment updates.
