SMPK Deputy Manager Recruitment 2026 – Apply Offline

The State Bank of India (SBI) through its subsidiary SMPK (SBI Mutual Fund Pension Fund) invites applications for Deputy Manager positions across India. This recruitment is conducted to fill vacant positions in various banking and fund management operations. Selected candidates will be responsible for managing operational activities, compliance, risk management, and customer service functions in the mutual fund and pension fund divisions. The position offers an opportunity to work with one of India's largest and most prestigious financial institutions. Deputy Managers play a crucial role in ensuring smooth operations, regulatory compliance, and strategic implementation of policies. This is an offline application process suitable for engineering graduates who wish to build a career in the banking and financial services sector.

Important Dates

Typical / Indicative vacancy distribution:

Note: Exact vacancy numbers will be specified in the official notification. Posts may also include PWD (Persons with Disabilities) reservations as per government norms.

Educational Qualification

• Essential: Bachelor's Degree in Engineering/Technology in any discipline from a recognized university/institution
• Desirable: MBA/PGDM in Finance/Banking or relevant certifications like CFA, FRM
• Minimum 60% marks for General/EWS/OBC candidates
• Minimum 55% marks for SC/ST/PWD candidates
• Final year students awaiting results may apply provisionally

Age Limit

Age as on date of notification (typical cut-off date):

Age Relaxation:

• OBC: 3 years
• SC/ST: 5 years
• PWD: 10 years (General), 13 years (OBC), 15 years (SC/ST)
• Ex-Servicemen: Service rendered in defence + 3 years (subject to maximum age limit of 50 years)

Nationality

• Indian Citizen, or
• Subject of Nepal, or
• Subject of Bhutan, or
• Tibetan refugee who came to India before 1st January 1962 with intention of permanent settlement, or
• Person of Indian origin migrated from Pakistan, Burma, Sri Lanka, East African countries with intention of permanent settlement

How to Apply (Offline Application)

1. Download Application Form: Visit the official SMPK/SBI website and download the prescribed application form for Deputy Manager recruitment

1. Fill Application Form: Complete all sections of the application form neatly in BLOCK LETTERS using black/blue pen or typed format

1. Affix Photograph: Paste recent passport-sized colour photograph (3.5 cm × 4.5 cm) in the designated space and sign across it

1. Attach Documents: Attach self-attested photocopies of:

• Educational qualification certificates
• Date of birth proof
• Caste certificate (if applicable)
• PWD certificate (if applicable)
• Experience certificates (if any)

1. Payment of Fee: Pay application fee through Demand Draft/Banker's Cheque drawn in favour of "SMPK" or as specified in the notification, payable at designated city

1. Prepare Envelope: Place the completed application form with all documents and fee payment instrument in an envelope

1. Superscribe Envelope: Write "APPLICATION FOR THE POST OF DEPUTY MANAGER - 2026" and mention your category on the envelope

1. Submit Application: Send the envelope by ordinary/registered/speed post to the address mentioned in the official notification before the last date

1. Retain Acknowledgment: Keep photocopy of the complete application and postal receipt for future reference

Application Fee Structure

Payment Mode: Demand Draft/Banker's Cheque in favour of "SMPK" or as specified, payable at the designated city mentioned in notification. Fee is non-refundable.

Selection Process

1. Preliminary Examination: Computer-based objective type test to shortlist candidates for Main Examination. Covers reasoning, quantitative aptitude, English language, and general awareness. Qualifying in nature.

1. Main Examination: Detailed computer-based examination testing professional knowledge, reasoning, quantitative aptitude, English, general awareness, and computer knowledge. Marks obtained in Main Exam are considered for final merit list preparation.

1. Personal Interview: Shortlisted candidates from Main Exam are called for personal interview to assess personality, communication skills, subject knowledge, and suitability for the role. Interview carries specific weightage in final selection.

1. Document Verification: Candidates qualifying interview undergo detailed document verification where original certificates are checked for educational qualifications, age proof, category certificates, and other relevant documents.

1. Medical Examination: Final selected candidates undergo medical fitness examination to ensure they meet the health standards required for the position.

1. Final Merit List: Prepared based on combined scores of Main Examination and Interview. Candidates are selected category-wise based on vacancies and merit ranking.

1. Appointment Offer: Selected candidates receive appointment letters and must join within the stipulated time period to complete joining formalities.

Preliminary Examination Pattern

Negative Marking: 0.25 marks deducted for each wrong answer

Main Examination Pattern

Negative Marking: 0.25 marks deducted for each wrong answer in all sections

Interview: 50 marks

Final Selection: Based on Main Exam (300 marks) + Interview (50 marks) = Total 350 marks

Detailed Syllabus

Professional Knowledge (Banking & Finance)

• Banking Regulations and RBI Guidelines
• Mutual Fund Operations and SEBI Regulations
• Pension Fund Management and PFRDA Guidelines
• Portfolio Management and Asset Allocation
• Risk Management in Financial Services
• Financial Statement Analysis
• Investment Products and Market Instruments
• Know Your Customer (KYC) and Anti-Money Laundering (AML)
• Taxation related to Mutual Funds and Pensions
• Corporate Governance and Compliance

Reasoning & Computer Aptitude

• Verbal Reasoning: Analogies, Syllogisms, Statement and Conclusions
• Non-Verbal Reasoning: Series, Pattern Recognition
• Logical Reasoning: Puzzles, Seating Arrangements
• Blood Relations and Directions
• Data Sufficiency
• Computer Fundamentals and Hardware
• Operating Systems (Windows, Linux)
• MS Office Applications
• Internet, Email, and Networking basics
• Computer Security and Cyber Safety

Data Analysis & Interpretation

• Number Systems and Simplification
• Percentages, Profit & Loss, Ratio & Proportion
• Simple and Compound Interest
• Time & Work, Time & Distance
• Averages and Mixtures
• Data Interpretation: Tables, Bar Graphs, Line Charts, Pie Charts
• Data Sufficiency Problems
• Probability and Permutations & Combinations

English Language

• Reading Comprehension
• Vocabulary: Synonyms, Antonyms, One-word Substitution
• Grammar: Tenses, Articles, Prepositions
• Sentence Correction and Error Spotting
• Fill in the Blanks
• Para Jumbles and Sentence Rearrangement
• Idioms and Phrases
• Cloze Test

General/Economy/Banking Awareness

• Current Affairs: National and International (last 6 months)
• Indian Banking System and Financial Institutions
• Economic and Financial News
• Budget and Five Year Plans
• Monetary and Fiscal Policies
• Capital Markets and Stock Exchanges
• Awards and Honours
• Important Days and Events
• Books and Authors
• Sports and Games

Typical / Indicative salary structure for Deputy Manager in SBI/SMPK:

Additional Benefits

• Medical facilities for self and family
• Leave Fare Concession (LFC)
• Newspaper and Telephone allowances
• Performance-linked incentives
• Provident Fund and Pension benefits
• Subsidized housing options
• Children education allowance
• Insurance coverage (Life and Health)
• Annual increments as per bank policy

Note: Actual salary may vary based on posting location, allowances applicable, and current DA rates. DA is revised quarterly based on inflation.

Deputy Managers in SMPK/SBI have excellent career progression opportunities within the organization. The typical promotion path includes advancement to Manager (Middle Management Grade Scale-II), then to Assistant General Manager (Middle Management Grade Scale-III), Deputy General Manager (Senior Management Grade Scale-IV), and eventually to General Manager and Chief General Manager positions. Promotions are based on performance appraisals, competitive examinations, and tenure requirements, typically occurring every 3-5 years subject to meeting eligibility criteria and organizational requirements.

Admit cards for the SMPK Deputy Manager examination are released separately for Preliminary and Main examinations on the official website approximately 10-15 days before the respective exam dates. Candidates must download their admit cards by logging in with registration number and password/date of birth. No physical admit cards are sent by post. The admit card contains important details including exam date, time, venue, reporting time, and candidate instructions. Candidates must carry the admit card along with a valid photo ID proof (Aadhaar, PAN, Passport, Driving License, or Voter ID) to the examination centre for verification.

Results are declared separately for each stage of selection process. Preliminary Exam results are typically announced within 3-4 weeks after the exam, followed by Main Exam results within 4-6 weeks. Interview results and final merit lists are published after completion of all interviews and document verification processes. All results are published on the official SMPK/SBI recruitment portal where candidates can check their scores using registration number and password. Scorecards are available for download from the portal. Selected candidates receive communication regarding joining formalities through registered email and post. Category-wise cutoff marks are also published along with results.

Typical / Indicative cutoff marks for Deputy Manager positions vary based on overall difficulty level of examination and number of candidates appearing. For Preliminary Exam, General category candidates typically need to score 65-75% (90-105 marks out of 140), OBC candidates around 60-70% (85-100 marks), while SC/ST candidates require approximately 55-65% (75-90 marks). Main Examination cutoffs are generally higher with General category requiring 70-80% (210-240 marks out of 300), OBC around 65-75% (195-225 marks), and SC/ST approximately 60-70% (180-210 marks). Cutoffs vary significantly based on vacancy positions, number of applicants, and exam difficulty level each year.

Examination Centres (State-wise)

North India: New Delhi, Noida, Ghaziabad, Gurgaon, Faridabad, Chandigarh, Panchkula, Jaipur, Jodhpur, Lucknow, Kanpur, Varanasi, Allahabad, Agra, Meerut, Dehradun, Jammu, Srinagar, Shimla

South India: Bengaluru, Chennai, Hyderabad, Secunderabad, Vijayawada, Visakhapatnam, Kochi, Thiruvananthapuram, Kozhikode, Coimbatore, Madurai, Mysuru, Mangaluru, Hubli, Tirupati

East India: Kolkata, Howrah, Patna, Ranchi, Jamshedpur, Bhubaneswar, Cuttack, Rourkela, Durgapur, Asansol, Siliguri

West India: Mumbai, Navi Mumbai, Thane, Pune, Nagpur, Nashik, Aurangabad, Ahmedabad, Surat, Vadodara, Rajkot, Indore, Bhopal, Gwalior, Jabalpur, Raipur

Northeast India: Guwahati, Dibrugarh, Jorhat, Silchar, Shillong, Imphal, Agartala, Aizawl

Note: Exact examination centres and their availability will be specified in the official notification. Centre allocation is done by the recruiting authority and requests for specific centres may not be entertained.