Odisha Grameen Bank Stock Auditor Empanelment 2026

• Chartered Accountant firms constituted as a proprietorship, partnership or company must be registered with ICAI and have at least 5 years of experience.
• Applicants must have at least 5 years of post-qualification practising experience, including at least 2 years in stock audits across different industries or sectors. A firm's experience is assessed through its Managing or Senior partners.
• For specialised stocks, applicants must be registered stock valuers under section 34AB of the Wealth Tax Act and fellow or associate members of the Institution of Valuers. Relevant specialisations include jewellery, precious stones and ornaments, works of art and chemicals.
• An audit firm may qualify for specialised stock audits if at least one partner or senior employee meets the specified valuer requirements.
• Applicants must be Indian citizens. Applicant individuals or firms, and all partners, must be income tax assessees.
• Where a stock auditor, proprietor, partner or employee is a former bank employee, a 3-year cooling period from that employee's retirement date is required.
• Applicants must also meet the notice's professional conduct, conflict-of-interest and disqualification conditions.

• Access the official notification and the prescribed Annexure-A biodata format through the bank's official links.
• Prepare Annexure-A on the firm's letterhead and enter the required firm, financial, professional and stock-audit experience details.
• Attach the prescribed photographs, qualification and experience summaries, identification particulars and stock-audit experience proof.
• Ensure every partner or director signs the form and has their photograph affixed.
• Send the complete application only by registered post to General Manager (Inspection), Odisha Grameen Bank, At- Gandamunda, P.O.-Khandagiri, Bhubaneswar-751030.
• Ensure delivery by 31 October 2026 at 5 p.m. Applications sent by email will not be accepted.

What this empanelment covers

Odisha Grameen Bank has invited applications to create a panel of Stock Auditors. This is a professional audit engagement for eligible CA firms, with a separate eligibility route for valuers of specialised stocks. The audits cover accounts whose overall working capital limit, including fund-based and non-fund-based facilities, is Rs. 1 crore or more. Audits are undertaken yearly, and the stated professional fee is Rs.7,500/-.

Eligibility and preferences

CA firms need ICAI registration and at least five years of experience. The practising-experience requirement includes at least two years of stock audits across different industries or sectors. For firms, the experience of Managing or Senior partners is taken into account.

Existing stock-auditor empanelment with PSBs, financial institutions, DRT, a High Court or the Supreme Court is preferred but not compulsory. Engineering expertise, SAP experience and CISA/DISA credentials among partners or staff also attract preference. If the same partners are shared by multiple firms, only one such firm may be considered.

Prepare and send the application

Complete the Annexure-A biodata on the firm's letterhead. It asks for constitution and establishment details, contact information, PAN/TIN/UCN, present activities, and revenue and net profit for the last three years. It also requires professional registration details and particulars of bank or financial-institution stock audits undertaken over five years.

Attach the prescribed enclosures and obtain all partners' or directors' signatures and photographs. The Annexure-A form is addressed to the General Manager (CMD), Head Office, Bhubaneswar; the dispatch instructions specify the General Manager (Inspection), Gandamunda, P.O.-Khandagiri, Bhubaneswar-751030. Only registered post is accepted. Delivery must be completed by 31 October 2026 at 5 p.m.

Restrictions and panel review

The notice excludes specified cases involving complaints, blacklisting, convictions, professional misconduct or undischarged insolvency. The bank's central statutory auditor cannot participate during that tenure. A branch's statutory or concurrent auditor cannot undertake stock audits of that same branch. Empanelment lasts five years, subject to annual review of service quality and performance.