🔔 INDIAN OVERSEAS BANK — GM-CFO RECRUITMENT 2026 — 1 POST — CA REQUIRED — APPLY BY 05 AUG

IOB General Manager CFO Recruitment 2026 (Advt HRDD/RECT/01/2026-27) — 1 Post, Scale VII ₹44L CTC, CA + 15 Yrs Exp, Apply by 05 Aug

Indian Overseas Bank (IOB) — a leading Public Sector Bank (PSU Bank) and Government of India Undertaking headquartered in Chennai — has invited online applications vide Advertisement No. HRDD/RECT/01/2026-27 dated 21.07.2026 for 1 post of General Manager – Chief Financial Officer (GM-CFO) at its Central Office, Chennai. Online applications are open from 22 July 2026 to 05 August 2026 at iob.bank.in.

This is one of the most senior lateral hire opportunities in PSU banking — the General Manager – CFO is a Scale VII position (the topmost operational grade in PSU banks), responsible for the entire financial reporting, tax strategy, accounting systems, and regulatory compliance of the bank. With an approximate CTC of ₹44 lakhs per annum and a Scale VII pay band, this is a C-suite-equivalent role for experienced banking finance professionals.

⚠️ Highly Specialised Role — Only 1 Vacancy! This recruitment is exclusively for Qualified Chartered Accountants (CA) with a minimum of 15 years of senior financial experience — including 10 years in Banks/Financial Institutions and 5 years at Senior Management level. Candidates who do not hold a CA qualification are not eligible regardless of other credentials. The bank may conduct a preliminary screening before issuing interview calls — meeting the minimum criteria does not guarantee a call letter.

📅 Important Dates

Event	Date
Notification Date	21 July 2026
Online Application Opens	22 July 2026
Last Date to Apply Online & Pay Fee	05 August 2026
Eligibility Cut-Off Date (Age, Qual, Exp)	01 July 2026 (inclusive)
Personal Interview	To be communicated via Interview Call Letter to shortlisted candidates

📋 Vacancy Details

Post	UR	SC/ST/OBC/EWS	Total	Pay Scale
General Manager – Chief Financial Officer	1	0	1	Scale VII \| ₹1,56,500–₹1,73,860

1 post, Unreserved (General) category only. SC/ST/OBC/EWS/PwBD candidates from reserved categories may apply against the UR vacancy if they meet all UR eligibility criteria. Posting: Central Office, Chennai.

💰 Pay Scale & CTC

Component	Details
Pay Scale	Scale VII (GM Level) — ₹1,56,500 – 4340/4 – ₹1,73,860 per month
Starting Basic Pay	₹1,56,500 per month
Approximate CTC	~₹44 Lakhs per annum
Additional Allowances & Perquisites	Dearness Allowance (DA), HRA or Lease Rental, CCA (City Compensatory Allowance), Medical facilities and other allowances and perquisites as applicable to Scale VII officers under IOB service rules

Scale VII is the highest operational pay scale in PSU banks — equivalent to General Manager rank. The “4340/4” notation means ₹4,340 increment, 4 increments possible within the scale.

✅ Eligibility Criteria

Educational / Professional Qualification

Requirement	Status
Qualified Chartered Accountant (CA)	MANDATORY — Non-negotiable. CA qualification from ICAI is the minimum requirement. Candidates without CA cannot apply.
FRM Certification (GARP) and/or CFA (CFA Institute)	PREFERRED — gives a competitive advantage in shortlisting; not mandatory to apply

Work Experience (as on 01 July 2026)

Experience Requirement	Minimum Years
Total experience overseeing financial operations (preferably in accounting and taxation — in Banks / large corporates / PSUs / Financial Institutions / financial services organisations)	15 years
Of the above — must be in Banks / Financial Institutions	10 years
Of the banking experience — must be at Senior Management level	5 years

All three experience thresholds must be met simultaneously. A candidate with 15 years total but only 8 years in Banks/FIs is not eligible. A candidate with 10 years in Banks/FIs but only 3 years at Senior Management level is not eligible.

Age Limit (as on 01 July 2026)

Category	Maximum Age
All categories (UR/OBC/SC/ST/EWS/PwBD — inclusive of all applicable relaxations)	55 years

The maximum age of 55 years is already inclusive of any age relaxations applicable for reserved categories. All eligibility is reckoned as on 01.07.2026 — this date remains unchanged even if the application last date is extended.

🏦 Roles & Responsibilities — GM-CFO at IOB

Area	Key Responsibilities
Financial Reporting & Compliance	Overseeing statutory auditing, SEBI reporting, monitoring Non-Interest Income/ROA/ROE/key financial parameters, coordination with NFRA and RBI on auditor-related matters, Whole Bank Long Form Audit Report (WBLFAR)
Tax Compliance	Optimisation of Bank’s tax liability, GST compliance, TDS compliance
Accounting Systems	Developing and maintaining accounting systems per Accounting Standards and RBI Guidelines, Internal Financial Controls over Financial Reporting (IFCOFR), implementation of IFRS/IND AS
Management Reporting	Coordinating with Financial Control Department for regional and Whole Bank performance review
International Banking	Supporting the International Banking Group on accounting and tax compliance as per local/overseas regulators
Strategic Finance	MIS reporting systems, strategic capital planning, balance sheet optimisation, medium-term financial strategy, managing stakeholder relationships with regulators, government, rating agencies, and investors

💳 Application Fee

Category	Fee (incl. GST)	Note
General / EWS / OBC	₹1,000/-	Non-refundable under any circumstances
SC / ST / PwBD	₹175/-	Intimation charges only — Non-refundable

Payment via Online Mode only — Debit Card / Credit Card / Net Banking (IOB Net Banking or Other Banks’ Net Banking). Fee cannot be adjusted against any other recruitment notification.

🏆 Selection Process

Selection is through a Personal Interview / Discussion — 100 marks total.

Stage	Details
Preliminary Screening	Bank may shortlist candidates based on qualifications, suitability, and experience before issuing interview calls. Fulfilling minimum criteria does NOT guarantee an interview.
Personal Interview / Discussion	100 marks total. Minimum qualifying marks: 50 for UR/EWS \| 45 for OBC/SC/ST/PwBD.
Tie-Breaking	If two or more candidates score the same cut-off marks in the interview, ranking is done by age in descending order (older candidate ranks higher).

The Bank may change the mode of selection depending on the number of applications received. Outstation SC/ST/PwBD candidates who are unemployed and attend the Personal Interview will be reimbursed to-and-fro second-class ordinary train fare on production of travel evidence.

📋 Joining, Bond & Probation

Condition	Details
Service Bond	₹3 Lakhs — to be executed at the time of joining. The bond will be invoked if the candidate resigns before completing 3 years of service from the date of joining.
Probation Period	1 year from date of joining — with continuous performance assessment. Confirmation subject to achieving minimum stipulated standards.
Place of Posting	Central Office, Chennai. IOB is headquartered in Chennai — this role is at HQ level.
Previous Employment	IOB will NOT bear any liability on account of salary/leave salary/pension contribution of previous employment. Candidates from Govt/PSU/Banks must apply through proper channel or produce NOC.

📝 How to Apply

Apply online only at iob.bank.in → Careers. Last date: 05 August 2026.

Visit iob.bank.in → Careers → “RECRUITMENT OF CHIEF FINANCIAL OFFICER”
Click “Register Online” → complete first-time registration → note system-generated Registration Number and Password (sent via email and SMS)
Log in → fill all required details carefully in the Online Application Form
Upload documents online (mandatory, PDF format, each under 200 KB):
- Birth Certificate / SSC Certificate (proof of date of birth)
- Final Degree Certificate / Consolidated Marksheet of Graduation/PG/Professional courses
- CA Certificate (ICAI)
- Work Experience Certificate(s)
- NOC from employer (if currently serving in Govt/PSU/Bank)
Upload photograph and signature as per prescribed specifications
Click “COMPLETE REGISTRATION”
Pay fee online (₹1,000 or ₹175) via Debit Card / Credit Card / Net Banking
Print and save the system-generated application form + payment e-receipt for future reference

📌 Documents Required at Personal Interview (Originals + Self-Attested Copies): Valid Interview Call Letter, Online Application Printout, DOB proof (Birth Cert or 10th Certificate), CA Certificate, FRM/CFA certificate (if held), Photo ID (Passport/Aadhaar/PAN/DL/Voter ID), Graduation/PG marksheets and certificates, Work experience proofs (Appointment Letter, Experience Certificate, Relieving Letter, Salary Slips), Caste certificate (OBC cert must be dated on or after 01.04.2026), EWS Income & Asset Certificate, Disability Certificate (for PwBD), and NOC from employer (if applicable).

❓ Frequently Asked Questions

Q1. Can a non-CA apply if they have an MBA (Finance) or ICWA?
No. The post mandates a Qualified Chartered Accountant (CA from ICAI) as the minimum essential qualification. No other finance qualification — however advanced — substitutes for CA here. ICWA/CMA and MBA Finance are not equivalent for this specific post. FRM/CFA are additional preferred certifications for CA holders only.

Q2. What does “Senior Management level” experience mean for the 5-year requirement?
Senior Management level in banking typically refers to positions at the Deputy General Manager (DGM), Joint General Manager (JGM), or above, or equivalent senior roles in Non-Banking Financial Companies (NBFCs) or large Financial Institutions where the candidate was directly responsible for strategic financial decisions, reporting to the Board/MD level. The exact definition is at IOB Management’s discretion during the screening process.

Q3. What is the CTC for IOB GM CFO 2026?
Approximately ₹44 Lakhs per annum including Scale VII basic pay of ₹1,56,500/month, DA (revised periodically), HRA or Lease Rental, CCA, and Medical facilities. The exact in-hand amount depends on city of posting (Chennai) and applicable allowances under IOB’s service rules for Scale VII.

Q4. What is the ₹3 lakh bond — does it affect me if I’m already in a PSU Bank?
The ₹3 lakh bond is a service commitment — you must serve IOB for at least 3 years from the date of joining, or the ₹3 lakh will be forfeited. This is to ensure retention at this senior level. If you’re currently in a PSU Bank or Govt. organisation, you must apply through proper channel or produce an NOC from your current employer at the time of joining. Previous salary/pension contributions from your old employer will NOT be transferred to IOB.

Q5. Can I apply for both IOB GM CFO and IOB Apprentice (750 posts) simultaneously?
Yes — they are two entirely separate recruitment notifications for entirely different positions. The GM-CFO is Scale VII (for experienced CA professionals, max age 55), while the IOB Apprentice (750 posts, last date 27 July 2026) is under the Apprentices Act 1961 for fresh graduates. Applying for one does not affect eligibility for the other.

Q6. Is the interview in Chennai, or will IOB hold it online?
The notification does not specify the interview mode or venue explicitly — it will be communicated through the Personal Interview Call Letter. Given the seniority of the role and that the posting is at IOB’s Central Office, Chennai, the interview is likely to be at Chennai or at a convenient location. The Bank may change the mode of selection depending on the number of applications received.

🔗 Important Links

Apply Online @ iob.bank.in ↗
Official Notification PDF ↗
IOB Official Website ↗

⚠️ Disclaimer: Information compiled from freejobalert.com and the official IOB Advertisement No. HRDD/RECT/01/2026-27 (dated 21.07.2026) for reference only. There is only 1 vacancy — all eligibility criteria are reckoned as on 01.07.2026 and will not change even if the last date is extended. OBC Non-Creamy Layer certificate must be dated on or after 01.04.2026. EWS certificate must be valid for FY 2026-27. Category once selected in the application cannot be changed. Fee is non-refundable under any circumstances. All disputes are subject to the sole jurisdiction of courts at Chennai. Visit iob.bank.in for the authoritative notification — in case of any discrepancy between this article and the official advertisement, the official advertisement shall prevail.