Application for Empanelment of Concurrent Auditors with Indian Overseas Bank for the Year 2025-26 – For the Period 01.07.2025 to 30.06.2026 – Last Date: 4:00 PM on 28.05.2025.
INDIAN OVERSEAS BANK
INSPECTION DEPARTMENT
CENTRAL OFFICE
TERMS & CONDITIONS
The following basic criteria is to be fulfilled by the audit firms for conducting concurrent audit.
– The firm should be selected from RBI panel of auditors;
– The Audit firm should possess a minimum of 2 years’ experience in Bank audit; However, preference shall be given to
a. Partnership firms with 2 partners having FCA qualification.
b. Minimum one partner having the qualification of Information System Auditor (CISA / DISA)
c. The dealing partner of the branch should have completed certificate course on concurrent audit in banks conducted by Institute of Chartered Accountants of India (ICAI).
d. At least one partner should have completed certificate course on concurrent audit in banks conducted by Institute of Chartered Accountants of India (ICAI) for Authorized Dealer Branch.
e. The firm having exposure in conducting concurrent audit of the Bank branches for a few public sector/major private sector banks.
– The concurrent audit in credit concentrated branches having advances of Rs.200 crores and above, the audit firm shall be in category I with minimum of 5 years’ experience.
– The firm or its proprietor/partners have not been the subject of inquiries in the past by the Institute of Chartered Accountants of India as per the provisions of Section 21 of the Chartered Accountants Act, 1949, and no such inquiry is pending, initiated, or contemplated by the Institute as on the date of application as well as date of acceptance of assignment;
– Where there are group of firms of Chartered Accountants having common partners, only one of the firms in the group will be eligible for assignment of Concurrent Audit; The firm would normally be allotted Concurrent Audit of only one branch of the Bank;
– Besides Chartered Accountants, the firm should have other qualified and experienced staff, infrastructure and office within an approachable distance from the location of the auditee branch / office to undertake Concurrent Audit;
– The firm which conducts Statutory Audit of Indian Overseas Bank shall not be considered for appointment as concurrent auditor of the bank for the next 2 years, i.e. firms which conducted Statutory Audit of the Bank as on 31.03.2024 and 31.03.2025 shall not be considered for appointment as Concurrent Auditor;
– The firm which has a partner / proprietor who is also a partner / proprietor of the firm entrusted with the Statutory Audit of Indian Overseas Bank shall not be considered for appointment as Concurrent Auditors in Indian Overseas Bank. In other words, sister/ associate concerns of the firm carrying out Statutory Audit of Indian Overseas Bank shall not to be considered for appointment as Concurrent Auditors;
– If any of the Directors of Indian Overseas Bank is a partner / proprietor in a firm, such firm shall not be considered for appointment as Concurrent Auditor;
– The firm which are assigned Concurrent Audit of Indian Overseas Bank for the period 2022-2023 and completing 3 year’s period shall not be considered for appointment as concurrent auditor of the bank.
– The firm which are presently assigned with Concurrent Audit of Indian Overseas Bank need not to apply.
– The RBI/IOB de-panelled auditors/ Terminated auditors shall not be considered for appointment as Concurrent Auditor.
– The assignment of concurrent audit should not be subcontracted.
– The firm will be assigned concurrent audit of the branch for a period of one year and extended every year based on yearly review. The maximum term for a firm shall not exceed 3 years. Thereafter one year cooling period will be given before assigning concurrent audit to the firm again.
– The senior Partner/Proprietor with DISA/CISA qualification should visit the branch at least one day in a week and also participate in discussion with Branch Manager on deficiencies found during that week.
– Mere submission of application for Concurrent Audit & fulfilling the criteria thereof does not, in any way, constitute guarantee for assigning any type of audit of the Bank.
– All the applications submitted and received in physical form prior to this process of inviting online applications stands cancelled.
– If firm or partners are availing any credit facility/ies from any branch of Indian Overseas Bank or have guaranteed any credit facility, please furnish the following information in a letter addressed to General Manager (Inspection) and dispatch by Speed Post.
Name of the Partner
Name of Bank’s branch
Nature of dealings / facilities
Banking since with A/c. No
– The monthly fees payable is based on classification of the branches on 01.04.2025. GST shall be paid separately. TDS will be deducted as per rules.
| Date of Opening for accepting Application & Time | 14.05.2025 | 11.00 AM |
| Last date for submission of Application & Time | 28.05.2025 | 04.00 PM |
Link to apply online for Empanelment with Indian Overseas Bank for Concurrent Audit 2025-26
(Republished with amendments)
i tried to submit through Firefox,Chrome;Edge browsers. Could not submit. Can any one pls clarify how to submit
Has the allotment been made for concurrent audit for F.Y 2021-22???
has the empanelment being completed?
the list of branches and terms are not seen in the web . no idea as to the branches which needs audit
As regards logging with ucp and mem no. one is able to access. however in the absence of branch details which are to be audited unable to proceed. neither unable to locate details from web
I am unable to login for empanelment. Can anyone help
Before making application for empanelment as concurrent auditor with Indian Overseas Bank our UCN & ICAI registration are reported as erroneous in IOB website.
Please guide so that we can apply with in time line.
IT IS CORRECT ONLY. YOUR CATEGORY IS CLASSIFIED ACCORDING TO RBI UCN . HENCE IT IS ASKING RBI UNIQUE CODE NUMBER(UCN)
IT IS CORRECT ONLY. YOUR CATEGORY IS CLASSIFIED ACCORDING TO RBI UCN . HENCE IT IS ASKING RBI UNIQUE CODE NUMBER(UCN) AND MEMBERS SHIP NUMBER (ICAI REGN NO.)
Before making application for empanelment as concurrent auditor with Indian Overseas Bank our UCN & ICAI registration are reported as erroneous in IOB website.
Please guide so that we can apply with in time line.
where the list of branches of INDIAN OVERSEAS BANK for the year 2021-2022 to be audited is given?I could not find it.
DID YOU ABLE TO LOGIN???
we are also facing the same issue. any solution
Have u been able to login. If yes, kindly help me at ashish@gsa.net.in or 9654642435
How to Edit Application from after submitted?
PLS HELP IF YOU HAVE BEEN ABLE TO LOGIN
How to Edit Application form after Submit???
good evening sir,
I am an retired senior manager from the national bank
can i eligible for appling as concurrent Auditor
CONCURRENT AUDITOR APPOINTMENT WILL BE DONE OR NOT
Appointment of concurrent auditor in Indian overseas bank will be done or not
MY UCN IS 950940 AND MEMBERSHIP NUMBER IS 030355 AND FRN IS 013080S. WHEN I ENTER , IS SHOWS INCORRECT UCN NO/PASS WORD IS COMING WHILE APPLYING
PL INFORM WHAT IS ICAI REGD NUMBER
To select branches under Bangalore City, Karnataka State not appearing
I am interested in combo course but I want to know that TDS Filling 26Q is covered in our sessions or not.
IN experience after selecting state city and branch could be selected because no option is showing although showing as mandatory field.
i AM NOT ABLE TO SELECT THE BRANCHES LIST FOR MUMBAI PLZ HELP
After selecting Deklhi state inthe Branch list option, its city is not being selected.
Those whoever could login could you please tell us how?
Showing incorrect UCN. Why ?
Where are the list of Branches to be Audited?
Please send the application for immovable property valuer empanelment.I already panel valuer in 15 banks
WHERE IS THE BRANCHES TO CONDUCT THE AUDIT
Where is the list of Branches to be audited??
Where is list of Branches to be audited
where is list of branches
Kindly confirm whether renewals of Concurrent Audit automatically done or we need to apply
We are doing Concurrent Audit of a branch in coimbatore which expires on 30/06/2017. Whether we need to apply for renewal or automatically gets renewed? Kindly confirm at the earliest
validate and print button not working. Any remedy?
Validate & Preview option not working & customer care not answering properly, customer care no. 04428519563 not responding.
No further processing on submitting validate & preview while submitting application & while calling to IOB customer care they had provided this number 04428519563 to call but this number not reachable.
‘Validate and Preview’ button is not working. What to do?
THERE SEEMS TO BE PROBLEM ON THE WEBSITE..THE VALIDATE AND PREVIEW BUTTON IS NOT WORKING.PLEASE SUGGEST WHAT TO DO..