Odisha Grameen Bank invites applications from Chartered Accountant firms registered with ICAI for a one-time empanelment as Stock Auditors. This is an opportunity for experienced CA firms to provide professional auditing services to the bank. The application deadline is 31 October 2026, 5:00 PM, via registered post only.
Overview
Odisha Grameen Bank, a regional rural bank serving communities across Odisha, has launched an empanelment drive to identify qualified Chartered Accountant firms capable of conducting stock audits. This merit-based selection process aims to onboard experienced auditing firms that can deliver high-quality stock audit services in line with regulatory standards and banking best practices.
Unlike a regular recruitment, empanelment is a process where eligible firms are formally recognized and registered with the bank to provide specific professional services. Selected CA firms will be called upon to perform stock audits as required, working on a professional fee basis. This is an ideal opportunity for well-established audit practices to expand their client base and strengthen their engagement with the banking sector.
The empanelment process is transparent and criterion-based. Applicant firms must meet minimum qualifications and experience thresholds to be considered. The bank will assess all applications against the prescribed eligibility standards before finalizing the empanel.
Important Dates
| Event | Date & Time |
|---|---|
| Application Submission Deadline | 31 October 2026, 5:00 PM (via registered post, receipt must be obtained) |
Application Fee
| Fee Category | Amount |
|---|---|
| Professional Fee | ₹7,500 (Rupees Seven Thousand Five Hundred only) |
Vacancy Details
| Position | Number of Empanelments | Eligibility Criteria |
|---|---|---|
| Stock Auditor (Chartered Accountant Firm Empanelment) | 1 | CA firm registered with ICAI; minimum 5 years professional experience in auditing or financial services |
Eligibility
To be eligible for empanelment as a Stock Auditor with Odisha Grameen Bank, your firm must satisfy the following mandatory criteria:
- Professional Registration: Your firm must be duly registered as a Chartered Accountant firm with the Institute of Chartered Accountants of India (ICAI). A valid registration certificate is essential.
- Experience Requirement: The firm must have completed a minimum of 5 years of professional experience in auditing, statutory audit, internal audit, or allied financial services. This ensures that only seasoned practitioners are empaneled.
- Compliance: The firm must be in good standing with ICAI and must not have faced disciplinary action or suspension during the qualification period.
These eligibility norms ensure that only competent and experienced audit firms are selected for the empanel, maintaining quality standards for stock audit services delivered to the bank.
How to Apply
- Visit the Odisha Grameen Bank official website and download the Annexure-A Application Format (biodata proforma for CA firms).
- Alternatively, download the Official Notification PDF which contains the application format and detailed instructions.
- Carefully complete the biodata format with all required information: firm name, ICAI registration number, registration date, principal place of business, contact details, and a summary of professional experience.
- Attach all supporting documents, including ICAI registration certificate (photocopy), proof of 5 years' experience (previous audit reports, client references, or work certificates), PAN certificate, and GST registration (if applicable).
- Prepare a professional application package with all completed forms and attachments neatly organized and bound if necessary.
- Place the entire application in a sealed envelope and address it to Odisha Grameen Bank as specified in the notification. Clearly mark the envelope as "Application for Stock Auditor Empanelment."
- Send the envelope via registered post with acknowledgment due. Obtain the registered post receipt immediately.
- Ensure that the application reaches the bank's designated office and is received before 31 October 2026 at 5:00 PM. The time of receipt (as per postmark and bank records) is the criterion; applications reaching after this deadline will not be considered.
- Retain the registered post receipt and a photocopy of your application for your personal records and future reference.
Selection Process
After the application deadline, Odisha Grameen Bank will review all received applications against the prescribed eligibility criteria. Shortlisted firms meeting the minimum requirements will be notified and may be called for further assessment or interaction. The bank reserves the right to verify credentials and seek clarifications from applicant firms. Final empanelment will be communicated via official letter.
Important Links
- Official Notification PDF – Stock Auditor Empanelment
- Annexure-A Application Format
- Odisha Grameen Bank Official Website
Frequently Asked Questions
Q: What is the difference between a stock audit and a statutory audit?
A: Stock audit is a specialized audit focusing on inventory management, valuation, and control. It verifies the physical existence, quantity, and condition of stock items. Statutory audit, by contrast, covers the entire financial statements. Stock auditors possess expertise in inventory systems and are typically appointed by banks for periodic stock verification.
Q: What is Odisha Grameen Bank Stock Auditor empanelment?
A: Empanelment is a formal process where the bank identifies and registers qualified CA firms to provide stock audit services on demand. Empaneled firms are eligible to undertake stock audits for the bank when required. This is a one-time empanelment, and firms remain on the panel for future engagements.
Q: What are the eligibility requirements for CA firms?
A: Your Chartered Accountant firm must be registered with ICAI and possess a minimum of 5 years of professional experience in auditing or related financial services. The firm must be in good standing with no disciplinary action history.
Q: What is the professional fee, and when is it payable?
A: The professional fee for empanelment is ₹7,500 (Rupees Seven Thousand Five Hundred only). See the official notification for details on payment timing and method.
Q: What is the application deadline, and how must applications be submitted?
A: Applications must be submitted via registered post only and must be physically received by 31 October 2026 at 5:00 PM. The postmark date and bank receipt time are the criteria. Keep your registered post receipt as proof.
Q: What supporting documents should I include with my application?
A: Include your ICAI registration certificate (photocopy), proof of 5 years' professional experience (such as previous audit reports, client references, or work certificates), PAN certificate, GST registration (if applicable), and a completed biodata format as per Annexure-A. Refer to the official notification for a complete checklist.
Disclaimer: All candidates and applicant firms must verify details on the official Odisha Grameen Bank website before applying.