The State Bank of India has recently released the SBI SCO recruitment notice for 966 vacancies. Candidates aspiring to apply for the recruitment must check the salary details in order to get an idea of the compensation they will be receiving once they get selected. In this article, we have discussed the detailed post-wise SBI SCO salary.
What is the salary for SBI Specialist Cadre Officers?
The SBI SCO salary for 2025 ranges from ₹6.20 lakh to ₹44.70 lakh annually, depending on the post. These packages include fixed pay, allowances, and performance-linked pay, making the roles highly rewarding for experienced wealth-management professionals.
| Post | Annual CTC (Upper Limit) |
| VP Wealth (SRM) | ₹44.70 lakh |
| AVP Wealth (RM) | ₹30.20 lakh |
| Customer Relationship Executive (CRE) | ₹6.20 lakh |
What is the salary structure for the SBI SCO posts?
Each post has a salary structure made of fixed pay, allowances, and performance-linked pay (PLP). Fixed pay forms the major portion, while PLP varies based on annual performance.
| Component | VP Wealth (SRM) | AVP Wealth (RM) | Customer Relationship Executive |
| Fixed Pay | ₹30 lakh | ₹20 lakh | ₹4 lakh |
| Allowances (Conveyance, Mobile, Medical) | ₹1.16 lakh | ₹1.16 lakh | ₹0.77 lakh |
| Performance Linked Pay (PLP) | 45% of Fixed Pay | 45% of Fixed Pay | 35% of Fixed Pay |
| Annual Increment Band | 0%–25% | 0%–25% | 0%–25% |
What is the salary of VP Wealth (SRM) in SBI?
The VP Wealth (SRM) position carries the highest compensation, with an annual package reaching ₹44.70 lakh. This salary reflects the demanding nature of the role, which focuses on UHNI and HNI client management, product advisory, and portfolio enhancement. The fixed pay itself is substantial, and the PLP component can significantly boost yearly earnings for high performers.
- Fixed Pay: ₹30 lakh
- PLP: Up to 45% of fixed pay
- Allowances for conveyance, mobile, and medical
- Annual increment up to 25%
What is the salary of an AVP Wealth (RM) in SBI?
The AVP Wealth (RM) earns an annual CTC of up to ₹30.20 lakh, making it a lucrative mid-senior level relationship management role. This salary fits candidates who have strong experience in wealth advisory, client onboarding, and investment product sales. The mix of fixed pay and performance-linked incentives encourages steady growth through consistent client engagement.
- Fixed Pay: ₹20 lakh
- PLP: 45% of fixed pay
- Annual increment up to 25%
- Additional reimbursement for mobile, conveyance, and medical expenses
What is the salary of a customer relationship executive in SBI?
The Customer Relationship Executive (CRE) earns up to ₹6.20 lakh annually, which reflects the support-oriented nature of this role. While the fixed pay is modest compared to managerial roles, the CRE position is a strong entry pathway into wealth management. The role involves frequent client interactions and documentation, which contributes directly to operational efficiency.
- Fixed Pay: ₹4 lakh
- PLP: 35% of fixed pay
- Allowances: ₹0.77 lakh
- Increment range: 0%–25%
What perks and benefits do SBI SCOs get?
SBI provides additional financial and professional benefits to employees under the contract. While these posts do not offer regular officer benefits like pension or NPS, they include:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- City Compensatory Allowance (CCA)
- Provident Fund (PF)
- Contributory Pension Fund (NPS)
- Leave Fare Concession (LFC)
- Medical Facility for employee and family
- Other perquisites as per bank policies
Is SBI SCO 2025 a Contractual Role?
Yes. All three posts- VP Wealth (SRM), AVP Wealth (RM), and Customer Relationship Executive are offered exclusively on a contract basis.
The contract terms are:
- Contract Duration: 5 years
- Renewable for another 4 years
- 2-month notice period (both sides)
- Salary is negotiable based on experience and current compensation
How is Performance Linked Pay (PLP) calculated for SBI SCO?
PLP is calculated as a percentage of the fixed pay and is awarded based on performance reviews. Since wealth management relies heavily on sales, portfolio management, and client satisfaction, the PLP encourages employees to meet business goals effectively. The percentage varies with the post, and high achievers can expect a significant boost to annual earnings.
- VP Wealth/AVP Wealth: 45% of fixed pay
- Customer Relationship Executive: 35% of fixed pay
Do SBI SCOs receive annual increments?
Yes, all SCOs are eligible for an annual increment ranging from 0% to 25%. This increment is directly tied to performance and helps employees grow their income each year. High ratings in client acquisition, relationship handling, and compliance contribute to better increments under SBI’s evaluation system.
What is the final annual package range for SBI SCO posts in 2025?
The final annual package depends on fixed pay, PLP, allowances, and increments earned during the year. High performers can significantly increase their compensation, especially in managerial posts. On average, the yearly range remains competitive and suitable for wealth management professionals seeking growth.
- VP Wealth (SRM): Up to ₹45 lakh
- AVP Wealth (RM): Up to ₹30 lakh
- Customer Relationship Executive: Up to ₹6.2 lakh
FAQs
Q1: What is the starting salary for the SBI SCO posts in the 2025 notification?
A1: The starting salary varies by post—CRE begins around ₹6.20 lakh annually, AVP Wealth around ₹30.20 lakh, and VP Wealth around ₹44.70 lakh. The final figure depends on experience and negotiations during selection.
Q2: Do SBI SCOs receive performance-linked pay (PLP)?
A2: Yes, PLP is a key part of the package. VP and AVP roles receive up to 45% of fixed pay as PLP, while CRE receives up to 35%, based on annual performance ratings.
Q3: Are the SBI SCO positions contractual or permanent?
A3: All three posts—VP Wealth (SRM), AVP Wealth (RM), and CRE—are contractual for 5 years. The contract may be extended for up to 4 more years based on performance and bank requirements.
Q4: Do these posts offer regular SBI employee benefits like NPS and pension?
A4: No, these are contractual positions and do not include regular officer benefits such as pension, NPS, or long-term retirement schemes. However, they do include allowances and annual increments.
Q5: Is the salary negotiable for SBI SCO roles?
A5: Yes, the annual CTC is negotiable and depends on the candidate’s experience, current salary, and performance during the interview and CTC discussion.
Hi, I’m Tripti, a senior content writer at Oliveboard, where I manage blog content along with community engagement across platforms like Telegram and WhatsApp. With 3+ years of experience in content and SEO optimization related to banking exams, I have led content for popular exams like SSC, banking, railways, and state exams.
