State Bank of India has opened a fresh regular-basis Specialist Cadre Officer recruitment for 7 Product & Research positions under Advertisement No. CRPD/SCO/2026-27/26. The drive includes 1 Chief Manager (Product & Research – Forex & Rupee Derivatives) and 6 Manager (Product & Research Analyst) vacancies, with online registration running from 2 November to 23 November 2026. These are specialist market-research roles rather than general banking posts, aimed at candidates with management qualifications and relevant professional exposure to foreign exchange, derivatives, equity, debt or related financial markets. The suggested place of posting is Mumbai, though SBI states that selected candidates may be posted or transferred anywhere in India according to business requirements. Chief Manager is in SMGS-IV and Manager is in MMGS-III, with separate pay scales and experience thresholds. Selection is through shortlisting followed by interview; there is no common written examination announced for these posts. Candidates should read the post-specific experience wording carefully before applying, because teaching or training experience is not counted toward the required market experience. Online applications and fee payment must be completed through SBI's official recruitment portal by the closing date.
Recruitment Overview
| Particular | Details |
|---|---|
| Organisation | State Bank of India |
| Advertisement | CRPD/SCO/2026-27/26 |
| Recruitment type | Regular Specialist Cadre Officer |
| Total vacancies | 7 |
| Posts | Chief Manager; Manager |
| Application mode | Online |
| Registration opens | 2 November 2026 |
| Last date | 23 November 2026 |
| Selection | Shortlisting + Interview |
| Suggested posting | Mumbai |
| Transfer liability | Anywhere in India as per SBI requirement |
| Probation | 12 months |
Vacancy Details
| Post | Grade | Vacancies | Age as on 30 September 2026 |
|---|---|---|---|
| Chief Manager (Product & Research – Forex & Rupee Derivatives) | SMGS-IV | 1 | 30–40 years |
| Manager (Product & Research Analyst) | MMGS-III | 6 | 24–36 years |
| Total | 7 |
The Manager total includes the notified current vacancies plus one backlog vacancy.
Basic Qualification
For both post groups, SBI requires MBA / PGDM / PGDBM / PGDBA or an equivalent recognised management qualification, with Finance specialisation preferred. Professional credentials such as CFA, FRM, CA or CMA are listed as preferred qualifications.
Use SBI's official advertisement for the exact recognition and equivalence conditions.
Experience Requirement
| Post | Minimum relevant post-qualification experience |
|---|---|
| Chief Manager | 7 years in Forex/Rupee markets or closely related market/research functions |
| Manager | 3 years in Equity/Forex/Debt research or closely related market/research functions |
The official notification states that teaching and training experience will not be counted toward the required experience.
Age Limit
Age is reckoned as on 30 September 2026.
- Chief Manager: 30 to 40 years
- Manager: 24 to 36 years
Category-based relaxation applies according to SBI's notified rules. Before applying, candidates can use the Regal Naukri Age Calculator with the official cut-off date.
Pay Scale
| Post | Grade | 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 |
Selected officers are also eligible for applicable DA, HRA, CCA, PF/NPS, leave fare concession, medical benefits and other perquisites under SBI rules.
Because the two grades have different pay scales, candidates should not treat the recruitment as having one combined salary range.
Application Fee
| Category | Fee |
|---|---|
| General / EWS / OBC | ₹750 |
| SC / ST / PwBD | Nil |
The fee is paid online through the SBI recruitment portal and is non-refundable except where SBI specifically provides otherwise.
Selection Process
Selection will be conducted through shortlisting and interview.
The interview carries 100 marks. SBI will prepare the merit list on the basis of interview score, subject to the qualifying standard decided by the Bank. If candidates obtain the same cut-off score, they are ranked by age in descending order.
Merely meeting the minimum eligibility conditions does not guarantee shortlisting.
Important Dates
| Event | Date |
|---|---|
| Online registration starts | 2 November 2026 |
| Online fee payment starts | 2 November 2026 |
| Last date for registration | 23 November 2026 |
| Last date for fee payment | 23 November 2026 |
| Interview / call letter | To be communicated to shortlisted candidates |
How to Apply for SBI Specialist Cadre Officer Recruitment 2026
- Open the official SBI careers page and locate Advertisement CRPD/SCO/2026-27/26.
- Read the detailed advertisement and choose either Chief Manager or Manager based on your age, qualification and market experience.
- Use the Eligibility Pre-check to organise your preliminary review, while treating SBI's notification as final.
- Check your age as on 30 September 2026 with the Age Calculator.
- Open SBI's official online application portal and complete registration with accurate personal, academic and professional information.
- Prepare qualification, experience, category and identity documents using the Government Job Document Checklist.
- Upload the required photograph, signature, resume and supporting documents in the prescribed format.
- Pay the applicable fee online and submit the application by 23 November 2026.
- Keep the registration number, submitted application and payment receipt. If shortlisted, prepare originals with the Government Job Document Verification Guide.
Documents to Keep Ready
- Recent photograph and signature
- Resume / curriculum vitae
- Date-of-birth proof
- MBA/PGDM/PGDBM/PGDBA or equivalent qualification records
- Experience certificates clearly showing relevant role and duration
- Preferred professional-certification evidence, where claimed
- Category / PwBD certificate where applicable
- Identity proof
- Online fee-payment receipt, where applicable
- NOC or employer documents where required for serving candidates
Candidate Notes
These are specialist market-facing positions and the experience requirement is central to eligibility. Candidates should ensure that their experience certificates clearly establish the relevant financial-market or research function rather than only a generic managerial designation.
The Mumbai posting shown in the advertisement is indicative. SBI retains the right to post or transfer selected candidates anywhere in India.
Frequently Asked Questions
How many vacancies are available in SBI SCO Recruitment 2026 under Advertisement 26?
There are 7 regular vacancies: 1 Chief Manager and 6 Manager posts.
What is the last date to apply?
Online registration and fee payment close on 23 November 2026.
Is this recruitment on contract?
No. Advertisement CRPD/SCO/2026-27/26 is for regular-basis Specialist Cadre Officers.
What qualification is required?
The basic requirement is MBA, PGDM, PGDBM, PGDBA or an equivalent recognised management qualification. Finance specialisation is preferred.
How much experience is required?
Chief Manager requires at least 7 years of relevant post-qualification experience, while Manager requires at least 3 years.
Is there a written examination?
The notification specifies shortlisting and interview rather than a common written examination.
What is the application fee?
General, EWS and OBC candidates pay ₹750. SC, ST and PwBD candidates do not pay an application fee.
Is Mumbai the permanent posting?
Mumbai is the suggested place of posting, but SBI may post or transfer selected candidates anywhere in India.
Important Links
| Resource | Link |
|---|---|
| SBI current openings | Open SBI Careers |
| Official Advertisement CRPD/SCO/2026-27/26 | Read SBI notification |
| Official online application | Apply online through SBI |