Punjab Gramin Bank invites application from Retired Officers for Concurrent Audit

Punjab Gramin Bank invites application from Retired Officers from own Bank & sponsor bank conducting Concurrent Audit of its branches.

Punjab Gramin Bank invites application from Retired Officers in Scale II to IV from own Bank (PGB) & sponsor bank (PNB including eOBC & eUNI) who retired after 20 years of satisfactory service, for engagement as Empanelled Retired Official on contract basis to conduct Concurrent Audit of its branches.

Retired Officers who are willing to conduct audit have to apply on the prescribed application form along with acceptance of Terms & conditions . Duly filled & signed application (having mentioned on envelop application for empanelment as ERO for concurrent audit on contract basis) along with necessary documents should reach;

by Post at:

The General Manager-IAD,
Punjab Gramin Bank, H. O Sultanpur Road,
Kapurthala, Punjab. PIN: 144601

By email at: pgbiad@gmail.com

Last date for receipt of application will be 10.07.2024 (Upto 05.00 P.M)

The selection of retired bank officials as ERO (concurrent auditors) will be made on the basis of interview. Date of interview for the above purpose will be intimated separately, after scrutinizing the applications.

Fee Structure :

Total Business of the cluster of Branches Allotted to the Empaneled Retired Official Fee Payable in Rupees (Per Month)
Upto Rs. 300 crores Rs. 35000/- + Applicable Taxes
> Rs. 300-400 crores Rs. 40000/- + Applicable Taxes
>Rs. 400 crores Rs. 45000/- + Applicable Taxes

An empanelled Retired Official may be utilized as Concurrent Auditor in a branch up to the age of 65 years (initially for one year and would be given two extensions of one year each upto the age of 65 years) or till the completion of last quarterly audit assignment.

The eligible retired officer engaged for concurrent audit as ERO (Empanelled Retired Officers) will be given audit assignment of 3 to 5 branches depending upon volume/category of branch. However, an ERO (from PGB) must not have worked in the branch of concurrent audit assignment during the period of five years immediately preceding the date of his/her retirement.

Download Application Format and ToR Click Here >>

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