Odisha Grameen Bank Stock Auditor Recruitment 2026 – Apply Offline

Odisha Grameen Bank invites Chartered Accountant firms to apply for empanelment as Stock Auditors. The firms will conduct stock audits of the bank. Applications go by registered post only to the General Manager (Inspection), Odisha Grameen Bank, Bhubaneswar. They must reach the bank on or before 31 October 2026, by 5 p.m. Applications sent by email will not be accepted.

Odisha Grameen Bank Stock Auditor at a Glance

The official notification does not specify the number of firms to be empanelled, the application fee or the selection process.

About Odisha Grameen Bank Stock Audit Empanelment

Odisha Grameen Bank is a bank with its office at Gandamunda, Khandagiri, Bhubaneswar. The notice is signed by the General Manager, Credit Monitoring Department. It seeks firms that will conduct stock audits of the bank. These audits cover accounts with an overall working capital limit (Fund+Non-Fund) of Rs. 1 crore and above.

Where and How to Send

Firms must fill in the biodata in Annexure-A (the prescribed format), on the firm's letterhead, and attach the supporting documents. The application goes by registered post only to this address: General Manager (Inspection), Odisha Grameen Bank, At- Gandamunda, P.O.-Khandagiri, Bhubaneswar-751030.

The bank must receive the application by 31 October 2026, 5 p.m. Applications received by email will not be accepted. The Annexure-A form is addressed to "The General Manager (CMD), Odisha Grameen Bank, Head Office, Bhubaneswar". All partners or directors must sign the form, and each one's photograph must be fixed on it.

The Annexure-A biodata asks for the following details:

• Name of the firm or company, its constitution and the date it was established
• Registered or communication address, and contact phone and mobile numbers
• PAN, TIN and UCN
• Present activity of the firm or company, and since when
• Revenue and net profit during the last 3 years
• Names, educational/professional qualification, phone number, PAN and address of the proprietor, partners or directors (details as per the record of ICAI/RBI)
• Particulars of registration or affiliation with professional bodies
• Details of stock audits conducted for banks or FIs over 5 years: name of the bank, year and name of the account (proof of experience to be attached)

The form ends with a declaration. It says the information is complete and true, that no adverse material information is concealed, and that the firm accepts the bank's terms and conditions for empanelment of Stock Auditors.

Posts, Eligibility and Pay

Chartered Accountant firms that meet the following criteria may apply:

• The firm of Chartered Accountants (proprietorship/partnership/company) should have at least 5 years' experience.
• The applicant firm or company should be registered with the Institute of Chartered Accountants of India.
• The applicant should have at least 5 years of post-qualification practising experience. At least 2 years of this should be in stock audits in different types of industry or sectors.
• For firms, the experience of the Managing or Senior partners is considered the experience of the firm.
• Some valuers may also apply for empanelment as stock auditor for specialised categories. They must be a registered valuer of stocks under section 34AB of the Wealth Tax Act and a fellow or associate member of the Institution of Valuers. The specialisation must be jewellery, precious stones and ornaments, works of art, chemicals, or any such specialised stock.
• An audit firm with at least one such partner or senior employee is eligible for empanelment as stock auditor for that specialised stock.
• The applicant individuals or firms, and all partners, must be income tax assessees.
• The applicant should be an Indian citizen.
• A stock auditor, proprietor, partner or employee of the audit firm may be an ex-employee of the bank. In that case the auditor or firm becomes eligible only after a cooling period of three years from that employee's date of retirement.

Age Limit

An individual stock auditor must be at least 25 years old at the time of application. For a firm, neither the proprietor nor any of the partners should be below 25 years. At the time of empanelment, the age of the individual applicant or proprietor must not exceed 75 years. For partnership firms, at least one partner should be below 75 years of age at the time of empanelment.

Preferred Criteria

• Empanelment with PSBs, FIs, DRT, a High Court or the Supreme Court as a stock auditor is a preferred qualification. It is not mandatory for empanelment.
• Preference will be given to firms whose partners or staff have an engineering background, experience with the SAP environment, or CISA/DISA, to help with the stock audit.
• Where the same partner(s) are common to more than one firm, only one of those firms may be considered for empanelment.

Who Is Not Eligible

• Auditors against whom complaints have been registered with CBI, SFIO, the police or a court of law, and auditors blacklisted by any bank, FI or IBA.
• Auditors who were convicted of any offence and sentenced to imprisonment, or found guilty of misconduct in a professional capacity.
• Auditors convicted under the IT Act, WT Act, Gift Tax Act or Service Tax Act.
• An undischarged insolvent.
• A central statutory auditor of the bank, during the tenure as statutory auditor.
• A statutory or concurrent auditor of a branch, for stock audits of that same branch, even if empanelled.

Professional Fee

Stock audits will be conducted for accounts with an overall working capital limit (Fund+Non-Fund) of Rs. 1 crore and above. The fee payable for this work is Rs.7,500/- (Rupees Seven thousand Five hundred only). The audit is to be conducted on a yearly basis.

Candidates should check the official notification for the full wording of each eligibility condition.

Enclosures

• Self-attested photograph of the proprietor, all partners or all directors
• Qualification and experience of each proprietor, partner or director, each in not more than 100 words
• PAN/TIN/UCN number of the firm, and PAN of all proprietors, partners or directors
• Proof of experience for the stock audits listed in the biodata

Important Instructions

• Empanelment is for a period of five years.
• The bank will review the quality of service and performance of the stock auditors annually.
• Only registered post is accepted. Applications sent by email will not be accepted.

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