Indian Oil Limited (IOL) has released recruitment notification 01/2026 for the post of Chairman & Managing Director. This is a senior-level position open to eligible Government, Armed Forces, Public Sector, and private-sector candidates. The application deadline is 01.12.2026 by 17:00 hours.
Overview
The IOL Chairman & Managing Director recruitment aims to fill 1 vacancy for this apex leadership position. Advertisement number 01/2026 was published on 02.11.2026. The post carries a salary of ₹180,000–₹320,000 (IDA) and is subject to age and service eligibility criteria. Candidates from Central Government, Armed Forces, Public Sector Banks, Financial Institutions, Central PSEs, and State PSEs are invited to apply.
Important Dates
| Event | Date |
|---|---|
| Date of Vacancy | 01.06.2026 |
| Advertisement Date | 02.11.2026 |
| Last Date for Application | 01.12.2026 by 17:00 hours |
Vacancy Details
| Post | Total Vacancies | Pay Scale |
|---|---|---|
| Chairman & Managing Director | 1 | ₹180,000–₹320,000 (IDA) |
Eligibility
Age Limit
Applicants must be a minimum of 45 years old. The maximum age limit is determined by the requirement of having at least 2 years of residual service as on the date of vacancy with respect to the date of superannuation.
Eligible Categories and Experience
Group 'A' Central Government Officers: Must hold a post at the level of Joint Secretary in Government of India, or equivalent scale of pay, on a substantive basis.
Public Sector Bank and Financial Institution Officers: Must have served at Board Level for at least one year.
Armed Forces: Must hold a post equivalent to Major General in the Army, or equivalent rank in the Navy or Air Force.
State Public Sector Enterprises, Private Companies, and Federations: Must be working at a Board-level position.
Eligible Pay Scales
| Eligible Scale of Pay | Period |
|---|---|
| ₹7,250–₹8,250 (IDA) | Pre 01.01.1992 |
| ₹9,500–₹11,500 (IDA) | Post 01.01.1992 |
| ₹20,500–₹26,500 (IDA) | Post 01.01.1997 |
| ₹51,300–₹73,000 (IDA) | Post 01.01.2007 |
| ₹120,000–₹280,000 (IDA) | Post 01.01.2017 |
| ₹18,400–₹22,400 (CDA) | Pre-revised Post 01.01.1996 |
| ₹37,400–₹67,000 + GP ₹10,000 (CDA) | Post 01.01.2006 |
| ₹144,200–₹218,200 (Level 14) CDA | Post 01.01.2016 |
How to Apply
- Determine your employment category from the source notification.
- Identify the appropriate Cadre Controlling Authority or Administrative Ministry/Department through which you must submit your application.
- Group 'A' Central Government officers, including Armed Forces and All India Services: Apply through your Cadre Controlling Authority.
- Officers from Public Sector Banks, Financial Institutions, and Autonomous Bodies: Apply through their Administrative Ministry/Department of the Government of India.
- CMDs, MDs, and Functional Directors in Central PSEs: Apply through the concerned Administrative Ministry.
- Below Board-level staff in a CPSE: Apply through the concerned CPSE.
- CMDs, MDs, and Functional Directors in State PSEs: Apply through the concerned Administrative Secretary and Cadre Controlling Authority of the State Government.
- Submit your complete application by email or post as specified in the official notification.
- Ensure your application reaches the DDP/MoD by 01.12.2026 at 17:00 hours.
Salary
The selected candidate will receive a monthly salary of ₹180,000–₹320,000 under the IDA pay structure. This is a senior-level remuneration package commensurate with the Chairman & Managing Director designation.
Important Links
Frequently Asked Questions
Q: What is the last date to apply for IOL CMD recruitment 2026?
A: The last date to submit your complete application is 01.12.2026 by 17:00 hours.
Q: What is the salary range for this position?
A: The salary is ₹180,000–₹320,000 (IDA).
Q: Who is eligible to apply?
A: Applicants must be at least 45 years old with 2 years residual service until superannuation. They must hold positions equivalent to Joint Secretary (Central Government), Board Level (PSBs/Financial Institutions), Major General (Armed Forces), or Board level in State PSEs/Private Companies.
Q: What are the eligible pay scales?
A: Applicants must have served in scales ranging from ₹7,250–₹8,250 (IDA pre-1992) to ₹120,000–₹280,000 (IDA post-2017) or CDA equivalent scales. See the official notification for the complete list.
Q: How do I apply?
A: Submit your application through your Cadre Controlling Authority or relevant Administrative Ministry/Department via email or post, depending on your employment category.
Q: What is the advertisement number?
A: The advertisement number is 01/2026.
Aspirants must verify all details, including dates, eligibility, and application procedures, on the official DDP/MoD website and in the official notification before submitting their applications.