Punjab Gramin Bank invites application from Retired Officers for engagement as Concurrent Auditor of its branches
Punjab Gramin Bank invites application from Retired Officers in Scale II to IV from own Bank (PGB) & sponsor bank (PNB) 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 us: By post at:
The General Manager-IAD, Punjab Gramin Bank, H.O. Markfed Road, Kapurthala, Punjab. PIN: 144601
By email at: pgbiad@gmail.com or inspectionpgb@pgb.co.in
Last date for receipt of application is 25.05.2025 (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/- minus Applicable Taxes |
| > Rs. 300-400 crores | Rs. 40000/- minus Applicable Taxes |
| >Rs. 400 crores | Rs. 45000/- minus Applicable Taxes |
Essential Conditions:
1. Retired honourably from PGB/PNB after superannuation / completing his or her full tenure in the services of the Bank, in MMG Scale II to IV.
2. An experience of 20 years and above in the Bank with satisfactory record.
3. Branch experience of 10 years or above as an Officer.
4. Worked either as an Incumbent Incharge for a period of minimum 2 years &/or handled credit portfolio of a branch as an officer for a period of 2 years &/or handled credit at RO/HO level as an officer for a period of 2 years.
5. No major penalty imposed by bank during entire service period or no minor penalty imposed by the bank during the last five years of service(subject to verification from available HRMS record & selfcertification by the concerned retired officer).
6. 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
Download Application Format and ToR Click Here >>
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