PFC CMD Recruitment 2026: Apply Online

Introduction

The Public Enterprises Selection Board (PESB) has announced a significant recruitment drive for the position of Chairman & Managing Director at the Power Finance Corporation Limited (PFC), a Schedule 'A' CPSE. This is a key leadership role within the financial services sector, responsible for the overall functioning and strategic direction of the corporation. The vacancy is scheduled for 01.05.2027, and interested candidates are urged to review the detailed eligibility criteria and application procedure carefully. The PESB is committed to a transparent online application process, and all submissions must adhere strictly to the stipulated deadlines. The official notification provides comprehensive details regarding the job description, responsibilities, and required qualifications. Applicants are advised to consult the official notification for the most accurate and complete information before proceeding with their application. The last date for applicants to submit their online applications is 30th October 2026.

Recruitment Overview

Important Dates

Vacancy Details

Educational Qualifications and Eligibility

To be eligible for the post of Chairman & Managing Director, candidates must meet the following criteria:

• Educational Qualification: Applicants must hold a degree in Engineering, or be a Chartered Accountant, Cost Accountant, Post Graduate, or a Graduate with an MBA/PGDM from a leading institute.
• Employment Status: On the date of application and interview, candidates must be employed in a regular capacity (not contractual or ad-hoc) in one of the following:
  • Central Public Sector Enterprise (CPSE), including a full-time functional Director.
  • Central Government Group 'A' Officers, including Armed Forces, All India Services, and officers from Public Sector Banks/Financial Institutions/Autonomous Bodies.
  • State Public Sector Enterprise (SPSE) with an annual turnover of Rs. 10,000 crore or more.
  • Private Sector Company/Joint Venture (JV)/National and State level Cooperative Federations with an annual turnover of Rs. 500 crore or more. (The average audited annual turnover of the three financial years preceding the calendar year of advertisement will be considered).
• Experience: A minimum length of service in the eligible pay scale is required. This is one year for internal candidates and two years for others, calculated as of the vacancy date.

Age Limit and Relaxation

The age criteria are assessed as of the date of occurrence of vacancy (DOV):

• Minimum Age (Internal Candidates): 45 years
• Minimum Age (Others): 45 years
• Residual Service:
  • Internal candidates require 2 years of residual service as on the date of vacancy.
  • Other candidates require 3 years of residual service as on the date of vacancy.
• Age of Superannuation: 60 years

Salary and Pay Scale

The pay scale for the post is as follows:

The minimum length of service required in the eligible scale is one year for internal candidates and two years for others, as on the date of vacancy.

Selection Process

The selection process details are not specified in the supplied notification. Candidates are advised to refer to the official notification for further information.

Application Procedure

Interested and eligible candidates must apply online through the official PESB website. The application process involves the following steps:

1. Visit the PESB website and find the link for the specific Job Description.
2. Fill out the application form online completely and accurately.
3. Ensure that your nodal officer or competent authority forwards your application online within the stipulated time.
4. Applications must be submitted online only. Applications sent via physical mail or email will be rejected.

It is crucial to submit your application well in advance of the last date to allow sufficient time for verification and forwarding by the competent authorities.

Required Documents

While filling out the application, candidates should be prepared to furnish the following as and when the selection meeting is scheduled:

• Annual Confidential Reports (ACRs)
• Vigilance Profile

Important Instructions and Common Mistakes

Candidates should pay close attention to the following instructions to avoid common errors:

• Online Application Only: Applications will be accepted strictly through the online mode on the PESB website. Any application submitted offline will be rejected.
• Timely Forwarding: Ensure that your application is forwarded online by your nodal officer or competent authority before the deadline of 05:00 PM on 09th November 2026. Applications not forwarded within this timeframe will not be considered.
• Completeness: Incomplete applications or applications not received online within the stipulated dates will be rejected without any further notice.
• Unwillingness to Join: Candidates who convey unwillingness to join after the interview or after the offer of appointment is issued may be debarred for a period of two years from being considered for a Board-level post in any CPSE. This rule applies to candidates from SPSE, Private Companies, JVs, and Federations.
• Advance Submission: It is strongly advised to submit applications online sufficiently in advance of the last date to avoid last-minute technical issues.

Official Notification and Application Links

For detailed information and to apply, please refer to the following links:

• Official Notification PDF: Download Notification
• Official Website: PFC India

Relevant FAQs

Q1: What is the last date to apply for the Chairman & Managing Director post at PFC?
A1: The last date for applicants to submit their online applications is 30th October 2026.

Q2: What are the minimum educational qualifications required?
A2: Candidates must be Engineering Graduates, Chartered Accountants, Cost Accountants, Post Graduates, or Graduates with an MBA/PGDM from a leading institute.

Q3: How should I submit my application?
A3: Applications must be filled out online on the PESB website and then forwarded online by your nodal officer or competent authority.

Q4: Is there any application fee?
A4: The application fee is not specified in the supplied notification.

Q5: What is the age limit for this post?
A5: The minimum age is 45 years, with specific residual service requirements.