Odisha Grameen Bank Stock Auditor Vacancy 2026

Introduction

Odisha Grameen Bank has released a notification inviting applications from eligible Chartered Accountant (CA) Firms for empanelment as Stock Auditors. This recruitment aims to engage professional firms to conduct stock audits for the bank. The application process is offline, requiring interested firms to submit their applications via registered post. Key eligibility criteria include registration with the Institute of Chartered Accountants of India (ICAI) and a minimum of five years of post-qualification practicing experience, with at least two years specifically in stock audits across various industries. The notification also specifies age limits for individual auditors and partners. The last date for receiving applications is October 31, 2026. This is an opportunity for CA firms to partner with a regional rural bank and contribute to its financial oversight processes. All details regarding the application procedure, eligibility, and required documents are outlined in the official notification. Candidates are advised to carefully read the official notification before applying to ensure they meet all the specified requirements. The official notification and further details can be accessed through the provided links.

Recruitment Overview

Important Dates

Vacancy Details

The number of vacancies for the Stock Auditor empanelment is not specified in the supplied notification. Interested Chartered Accountant Firms are invited to apply for empanelment.

Educational Qualifications and Eligibility

To be considered for empanelment as Stock Auditors, Chartered Accountant Firms must meet the following criteria:

• Firm Registration: The firm must be registered with the Institute of Chartered Accountants of India (ICAI). This applies to proprietorships, partnerships, and companies.
• Experience:
  • The firm must have at least 5 years of experience.
  • Specifically, there must be at least 2 years of post-qualification practicing experience in stock audits across different types of industries or sectors.
  • For partnership firms, the experience of the Managing or Senior partners will be considered as the firm's experience.
• Specialised Valuers: Firms with personnel registered as valuers of stocks under Section 34AB of the Wealth Tax Act, or Fellow/Associate members of the Institution of Valuers with specialisation in areas like jewellery, precious stones, works of art, chemicals, or other specialised stocks, are also eligible for empanelment in those specialised categories.
• Income Tax Assesse: All applicant individuals, firms, and all partners must be income tax assessees.
• Ex-Employee Clause: If a stock auditor, proprietor, or any partner/employee of the audit firm is an ex-employee of Odisha Grameen Bank, they are eligible for empanelment only after a cooling-off period of three years from their date of retirement.
• Citizenship: The applicant must be an Indian citizen.

Additional/Preferred Criteria:

• Empanelment with Public Sector Banks (PSBs), Financial Institutions (FIs), Debt Recovery Tribunals (DRT), High Court, or Supreme Court as a stock auditor is preferred but not mandatory.
• Firms with partners or personnel having an engineering background, experience with SAP environments, or possessing CISA/DISA certifications to assist in stock audits will be given preference.
• If there are common partners in more than one firm, only one of those firms will be considered for empanelment.

Negative Criteria:

• Auditors with complaints registered with CBI, SFIO, police, or courts of law, or those blacklisted by any bank, FI, or IBA, are ineligible.
• Auditors convicted of any offence, found guilty of misconduct, or convicted under IT Act, WT Act, Gift Tax Act, or Service Tax Act are also ineligible.
• Undischarged insolvents are not eligible.
• A central statutory auditor of the Bank cannot be empanelled as a stock auditor during their tenure as a statutory auditor. Similarly, statutory or concurrent auditors of a branch cannot undertake stock audits for the same branch.

Age Limit and Relaxation

The age criteria for individual stock auditors and firm partners are as follows:

• Minimum Age: The minimum age of an individual stock auditor must be 25 years at the time of application. For firms, at least one proprietor or partner should not be below 25 years of age.
• Maximum Age: At the time of empanelment, the age of an individual applicant or proprietor shall not exceed 75 years. For partnership firms, at least one partner must be below 75 years of age at the time of empanelment.

The specific date for age calculation is not specified in the supplied notification.

Application Fee

The supplied notification does not specify any application fee for Chartered Accountant Firms applying for empanelment as Stock Auditors.

Salary and Pay Scale

The professional fee for conducting stock audits will be Rs.7,500/- (Rupees Seven thousand Five hundred only). This fee is applicable for the overall working capital limit (Fund + Non-Fund) of Rs. 1 crore and above. The audit is to be conducted on a yearly basis.

Selection Process

The selection process involves the empanelment of Chartered Accountant Firms as Stock Auditors. Firms that meet the specified eligibility criteria and submit the required bio-data and supporting documents will be considered for empanelment. The Bank will review the applications based on the provided information and may consider additional or preferred criteria during the selection process. The duration of empanelment will be for a period of five years, with an annual review of the quality of service and performance.

Application Procedure

Interested Chartered Accountant Firms must apply offline by submitting their applications via registered post only. The application should include details as per Annexure-A (Prescribed format) along with supporting documents.

Application Address:

General Manager (Inspection),
Odisha Grameen Bank,
At- Gandamunda, P.O.-Khandagiri,
Bhubaneswar-751030.

Important Points:

• Applications must reach the specified address on or before October 31, 2026, by 5 p.m.
• Applications received via email will not be accepted.
• Ensure all required documents are attached and self-attested where necessary.
• The bio-data format (Annexure-A) should be filled on the firm's letterhead.

Required Documents

Applicants are required to attach the following documents with their application:

• Self-attested Photograph of the proprietor / all partners / all directors.
• Qualification and experience of all proprietors/partners/directors, each described in not more than 100 words.
• PAN/TIN/UCN number of the firm.
• PAN of all proprietors/partners/directors.

Important Instructions and Common Mistakes

Instructions:

• Read the official notification thoroughly before applying to understand all eligibility criteria and requirements.
• Ensure your firm is registered with ICAI and meets the minimum experience criteria.
• Verify that all partners and proprietors meet the age criteria.
• Fill out Annexure-A accurately and completely on the firm's letterhead.
• Submit the application only through registered post to the designated address.
• Ensure the application reaches the bank by the deadline of October 31, 2026, by 5 p.m.
• Attach all specified documents, ensuring they are self-attested where required.

Common Mistakes to Avoid:

• Incorrect Application Mode: Submitting applications via email or speed post instead of registered post as specified.
• Incomplete Documentation: Failing to attach required documents like photographs, PAN cards, or not adhering to the word limit for experience descriptions.
• Missing Information: Not filling out Annexure-A completely or accurately.
• Late Submission: Missing the application deadline of October 31, 2026.
• Eligibility Gaps: Applying without meeting the minimum experience or registration requirements with ICAI.

Official Notification and Application Links

FAQs

Q1: What is the last date to apply for the Stock Auditor empanelment?
A1: The last date to receive applications is October 31, 2026, by 5 p.m.

Q2: What is the professional fee for the Stock Auditor role?
A2: The professional fee is Rs.7,500/- for stock audits of working capital limits of Rs. 1 crore and above.

Q3: Is there an application fee for CA firms?
A3: The supplied notification does not mention any application fee.

Q4: How should the application be submitted?
A4: Applications must be submitted via registered post only to the address mentioned in the notification.

Q5: What are the minimum experience requirements for the firm?
A5: The firm must have at least 5 years of experience, with a minimum of 2 years in stock audits.