State Bank of India (SBI) has announced a recruitment drive for 7 specialist cadre positions: 1 Chief Manager and 6 Managers in the Product & Research division focusing on Forex & Rupee Derivatives. Online applications are invited from eligible candidates from 02.11.2026 onwards, with the registration window closing on 23.11.2026.
Overview
This recruitment is conducted by the Central Recruitment & Promotion Department (CRPD), SBI Corporate Centre, Mumbai (Advertisement No. CRPD/SCO/2026-27/26). The positions are on a regular basis with a 12-month probation period. Both roles fall under the Specialist Cadre Officer category and offer competitive pay scales in senior and middle management grades respectively.
Important Dates
| Event | Date |
|---|---|
| Date of Notice Published | 02.11.2026 |
| Online Registration & Fee Payment Opens | 02.11.2026 |
| Online Registration & Fee Payment Closes | 23.11.2026 |
| Cut-off Date (Age, Qualification, Experience) | 30.09.2026 |
Application Fee
| Category | Fee |
|---|---|
| General/EWS/OBC | ₹750 |
| SC/ST/PwBD | No fee or intimation charges |
Vacancy Details
| Post | Grade | UR | OBC | SC | PwBD-VI | Total |
|---|---|---|---|---|---|---|
| Chief Manager (Product & Research - Forex & Rupee Derivatives) | SMGS-IV | 1 | — | — | 1 | 1 |
| Manager (Product & Research Analyst) - Regular | MMGS-III | 3 | 1 | 1 | — | 5 |
| Manager (Product & Research Analyst) - Backlog | MMGS-III | — | 1 | — | 1 | 1 |
Eligibility
Educational Qualification: Candidates must possess an MBA, PGDM, PGDBM, or PGDBA degree (or equivalent) from institutions recognised by Government Bodies, AICTE, or UGC. Specialisation in Finance is preferred.
Preferred Qualifications: CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), CA (Chartered Accountant), or CMA (Certified Management Accountant) certifications are highly valued.
Age Limit (as on 30.09.2026): Age relaxation is available for reserved categories: OBC (Non-Creamy Layer) — 3 years; SC/ST — 5 years; PwBD-VI (UR) — 10 years; PwBD-VI (OBC) — 13 years; PwBD-VI (SC) — 15 years. For exact age limits for each post, refer to the official notification.
Salary & Job Location
| Post | Grade | Pay Scale | Probation |
|---|---|---|---|
| Chief Manager (Product & Research - Forex & Rupee Derivatives) | SMGS-IV | ₹102,300–₹120,940 (with slabs) | 12 Months |
| Manager (Product & Research Analyst) | MMGS-III | ₹85,920–₹105,280 (with slabs) | 12 Months |
Job Location: The suggested place of posting is Mumbai.
How to Apply
- Visit SBI's official careers portal from 02.11.2026 onwards
- Locate the advertisement for CRPD/SCO/2026-27/26 and click on the apply link
- Register as a new candidate or log in with existing credentials
- Complete the online application form with accurate personal, educational, and professional details
- Upload all required supporting documents (degrees, certificates, identity proof, etc.) in prescribed formats
- Pay the application fee (₹750 for General/EWS/OBC candidates; SC/ST/PwBD are exempt) via online mode
- Submit your application before 23.11.2026
- Save and print the confirmation for your records
Important Links
- Apply Online for SBI Recruitment (CRPD/SCO/2026-27/26) — Active from 02.11.2026 to 23.11.2026
- Official Notification PDF — Full details of Advertisement CRPD/SCO/2026-27/26
- SBI Careers Official Website — For updates, corrigenda, results, and further announcements
Frequently Asked Questions
Q: What is the salary structure for Chief Manager and Manager positions?
A: Chief Manager (SMGS-IV) earns ₹102,300–₹120,940, while Manager (MMGS-III) earns ₹85,920–₹105,280 according to the prescribed pay scales with incremental slabs.
Q: Am I eligible if my degree is from a deemed university?
A: Yes, as long as your MBA/PGDM/PGDBM/PGDBA is from an institution recognised by Government Bodies, AICTE, or UGC, you are eligible. Verify your institution's recognition on the official notification.
Q: Can I apply from outside Mumbai if the posting is in Mumbai?
A: Yes, the suggested place of posting is Mumbai, but candidates can apply from anywhere. However, you should be prepared for relocation if selected.
Q: What documents do I need to upload with my application?
A: You will need to upload degree certificates, mark sheets, identity proof, relevant professional certifications (if any), and other documents as specified in the online form and notification. Check the official notification for the complete list and accepted formats.
Q: When will the interview or test schedule be announced?
A: The selection process timeline and schedule will be communicated by SBI after the application window closes. Monitor the official SBI careers portal and notification for updates.
Q: Is there an age relaxation for ex-servicemen or other categories?
A: The notification specifies relaxation for OBC, SC/ST, and PwBD categories. For other categories like ex-servicemen or sports persons, refer to the official advertisement PDF for complete eligibility criteria.
Disclaimer: Candidates are advised to verify all information on the official SBI careers website and the notification PDF before submitting their application, as this is an independent information resource and not an official SBI publication.