Indian Oil Corporation Limited (IOCL) is a leading, diversified, and integrated energy major with presence
Details of eligibility criteria regarding educational qualification, experience, age, relaxation/reservation and
other eligibility criteria, shortlisting methodology, application procedure etc. are mentioned below.
1.0 Eligibility Criteria: Candidates meeting eligibility criteria as below may apply for the advertised
positions.
1.1 Who can Apply
Only Indian nationals meeting the eligibility criteria are eligible to apply.
1.2 Educational Qualification
a. Qualifying Degree:
➢ Minimum 3-year graduation in any discipline obtained as Full-time Regular course
from Institutions/ Colleges/ Universities/ Deemed Universities duly recognized
by AICTE/UGC and obtain the minimum percentage of marks as below:
Category Minimum Percentage
General, Economically Weaker Sections (EWSs), Other
Backward Classes (Non-Creamy layer) - OBC(NCL)
55%
Scheduled Caste (SC), Scheduled Tribe (ST), Persons with
Benchmark Disabilities (PwBD)
50%
➢ Candidates must also have passed the CA Intermediate/ CMA Intermediate from
CA/CMA institute respectively.
➢ Please note:
i) Candidates who have passed CA Final or CMA Final examination are NOT
eligible to apply.
ii) Candidates, if empaneled for selection, will also not be allowed to join
Indian Oil in case they pass the CA Final or CMA Final examination
on/before the date of declaration of result of this recruitment.
b. Calculation of percentage of marks in the qualifying degree would be governed by
institute/university rules. Rounding off percentage is not allowed.
c. Wherever final marks in the qualifying degree have been awarded as letter/number
grade (CGPA/GPI/SGPA etc.), equivalent percentage of marks shall be adopted from
conversion formula issued by respective institute/university for establishing
eligibility criteria. Such candidates would be required to submit the conversion
certificate issued by the concerned institute/university at the time of Personal
Interview, if shortlisted.
d. However, in case the institute does not follow any conversion formula for converting
CGPA to Percentage, the candidate will have to submit a certificate to this effect duly
issued by concerned institute/university at the time of Personal Interview, if
shortlisted. In such cases, IOCL shall be at liberty to arrive at equivalent percentage
of marks following its own conversion formula.
e. Degree awarded by the Institutes/ Universities (including foreign
institutes/universities) must have equivalence from the Association of Indian
Universities (AIU) and candidates, in their own interest, as applicable, should
ascertain the equivalence of their diploma/degree/ certificate with degree of
recognized Indian universities by the Association of Indian Universities (AIU).
1.3 Upper Age limit
(As on 30th June 2023)
Upper Age Limit: Candidates applying from General/EWS category should not be more
than 30 years as on 30th June 2023. Relaxation to candidates applying from other
categories shall apply as per Government of India guidelines. The following cut-off on Date
of Birth shall apply for respective categories:
Certificate issued by a Board of Secondary Education for passing Matriculation/Higher
Secondary mentioning the date of birth shall be the only acceptable document in support
of proof of age.
1.4 Work Experience
(As on 30th June 2023)
a. At least three years of relevant work experience in finance function as on 30th June
2023. Only such work experience will be considered valid for this position which has
been obtained in relevant field after the date of declaration of result of CA
Intermediate/ CMA Intermediate.
b. Work experience in relevant field of finance function includes experience(s) in
Finance/ Accounts/ Taxation/ Cost Accounting/ Auditing fields etc. These fields are
not exhaustive and indicative in nature only. Further, the articleship training
/practical training which are integrated into the curriculum of respective
course/institution shall not be considered as valid experience for this purpose.
c. Any work Experience gained as an Intern or training will not be counted towards work
experience. Further, Work experience gained in a Company or duly registered firms
like Partnership firm, Consultancy firm and CA firm shall only be considered.
d. The Corporation reserves the right to take a final decision in considering/ not
considering an experience as a valid experience for the post.
e. Candidates will have to submit a certificate issued from ICAI/ICMAI about having
done/not done such articleship/ industrial training, as applicable.
f. Shortlisted candidates will have to submit Work experience document as below:
1. Work experience document in original issued on respective company’s letter
head containing following:
a. Organization name
b. Designation/Position Held
c. Nature of Work
d. Period of service [From – to]
Letter head should contain Firm registration number, Employer membership
number, CIN number – whichever is applicable.
2. Bank statement(s)/Form 16 showing credit of salary. The bank statement(s) so
furnished should establish the duration of the minimum work experience period
of 3 years as sought towards eligibility for this recruitment.
Failing to submit supporting work experience documents as sought above will render
claims of work experiences invalid and make candidate ineligible from further
consideration towards eligibility.
1.5 Documents to avail
Relaxation and Reservation in posts
a. Reservation in posts for candidates from EWS, OBC(NCL), SC, ST and PwBD
categories will be available as per directives of Government of India.
b. Candidates belonging to EWS, OBC(NCL), SC, ST and PwBD categories should have
valid certificate in support of their claim of belonging to such category, to be eligible
for claiming relaxation and reservation under the respective category, as applicable.
c. For getting the benefits of reservation under EWSs category:
• The Income and Asset Certificate shall be valid for the financial year 2023-24 and
should have been prepared on the basis of income and asset verification for the
financial year 2022-23.
• Name of the caste should be clearly mentioned in the aforesaid certificate. Caste
name like “General/Samanya etc.” will not suffice.
• Applicant’s photo on the certificate should be duly pasted, signed and stamped by
the issuing authority.
d. For getting the benefits of reservation under OBC(NCL) category:
• Name of caste to which candidate belongs must appear in the Central List of Other
Backward Classes of respective state as notified by Ministry of Social Justice and
Empowerment, Govt. of India (GOI) for appointment to posts under GOI and
Central Govt. Public Sector Undertakings. The name of the caste mentioned in the
certificate should be spelled exactly in the same manner as appearing in the
Central List of OBCs for the respective state.
• Candidates should produce caste certificate issued by the competent authority in
the latest prescribed format applicable for purpose of reservation in appointment
to posts under Government of India/Central Government Public Sector
Undertaking.
OBC(NCL) candidate belonging to state of Maharashtra must also submit valid
Caste Validity certificate issued in his/her name by Government of Maharashtra.
• The certificate must contain the date of issue along with name of caste, spelled
exactly in the same manner as appearing in the central list of the respective state.
• OBC(NCL) certificate should have been issued on or after 01.04.2023 by the
competent authority.
• OBC category candidates belonging to “CREAMY LAYER” are not entitled for
OBC(NCL) relaxation/reservation and such candidates shall have to apply as
“General” category candidate.
e. For getting the benefits of reservation under SC/ST category:
• Name of caste/tribe to which candidate belongs must appear in the Central List of
SC/ST of respective state as notified respectively by Ministry of Social Justice and
Empowerment, Govt of India and Ministry of Tribal Affairs, Govt of India
• The caste/tribe certificate must contain date of issue along with name of
caste/tribe. The certificate must contain the date of issue along with name of
caste/tribe, spelled exactly in the same manner as appearing in the central list of
the respective state.
• The candidates need to furnish their SC/ST certificate as per the latest format
prescribed by Government of India.
SC/ST candidate belonging to state of Maharashtra must also submit valid Caste
Validity certificate issued in his/her name by Government of Maharashtra.
f. For getting the benefit of reservation under PwBD category: The candidate
should meet following criteria to claim relaxation/reservation under PwBD
category:
• Nature of Disability – Permanent Degree of Disability – Minimum 40%
• PwBD certificate as per latest format applicable to relevant category of disability.
• PwBD categories (Refer RPwBD Act 2016) – The following nomenclature has
been used in the application form and shall mean as indicated against each of the
category below:
VI a. blindness and low vision
HI b. deaf and hard of hearing
LD c. locomotor disability including cerebral palsy, leprosy cured,
dwarfism, acid attack victims and muscular dystrophy
Others
d. autism, intellectual disability, specific learning disability and
mental illness and
e. multiple disabilities from amongst persons under clauses (a) to (d)
including deaf-blindness in the posts identified for each disabilities
How to Apply:
Application Process
a. Candidates must go through this detailed advertisement very carefully and check their
eligibility before proceeding to apply ONLINE for the position.
b. Applications for this position shall be applied and submitted through ONLINE portal
ONLY. Candidate must keep .pdf format of the ONLINE application form in their safe
custody for future reference, if any. Candidates need not send printout of their application
form to any office of Indian Oil.
c. The relevant link to apply ONLINE is available on the Indian Oil’s website at
https://iocl.com/latest-job-opening on www.iocl.com Candidates should click on the
ONLINE application link, read the instructions carefully and fill-in the ONLINE application
form giving correct and complete information.
d. Prior to applying ONLINE, Candidate would be required to register their email id and
mobile number on the online portal. Therefore, they must have a valid email id and mobile
number, both of which should remain active for minimum 01 year from the date of
application. Communications to the candidates shall be made on their registered email id
and/or mobile number. Post registration of email id and mobile number, request for
change of e-mail ID and mobile number will not be entertained.
e. Candidate should have following documents ready for uploading on the ONLINE portal at
the time of registration:
➢ Scanned copy of Recent Color Passport Size Photograph, not older than January
2023.
➢ Scanned copy of Signature
f. The portal will capture candidate’s LIVE photo using candidate’s system camera through
portal’s in-built feature. Candidates should position themself in such a way that only the
face and Neck area is in focus and same is captured by the camera. Additionally,
candidates will also be required to upload recent most colour photo (passport size,
captured in January 2023/later) during the application process. Candidates should ensure
that their appearance in the photo (both uploaded and captured by the system) matches
with their actual appearance on the day of personal interview, if shortlisted.
g. Candidate must read the On-Screen instructions very carefully while applying and filling
the entries in the ONLINE form. Candidate must keep on verifying their entries repeatedly
prior to submitting their ONLINE application, as no request for changes in the entries
shall be entertained after submission of the ONLINE application form.
h. Since all the applications will initially be screened without documentary evidence, the
candidates must fully satisfy themselves of meeting the eligibility criteria as mentioned
in this detailed advertisement. Candidature of the candidates shall be rejected at any
stage of selection process if found not meeting the prescribed eligibility criteria.
i. Candidates applying from any of the reserved category (EWS, OBC(NCL), SC, ST, PwBD)
must have relevant and valid document in support of their claim of belonging to reserved
category from which they are applying, failing which their candidature may be cancelled
and appointment may be summarily terminated, if selected. Such candidates must also
furnish correct details of such documents in ONLINE application portal wherever asked
for.
j. Candidature of the candidates shall be processed based upon information furnished by
them in their application form at the time of applying online. Thereafter, any request for
change in the application form whatsoever shall not be entertained from candidates.
k. The candidature of the applicant would be provisional and subject to subsequent
verification of certificates/testimonials, medical fitness etc.
l. Any canvassing directly or indirectly by the applicant will lead to disqualification of his/
her candidature.
m. Mere registration on portal shall not mean that candidate is meeting the eligibility
criteria. The same has to be established by producing relevant and valid documents in
original at the time document verification.
n. If at any stage of the selection process or after the selection process, it emerges that a
candidate does not fulfill the eligibility criteria, and/ or that candidate has furnished any
incorrect information or has suppressed any material fact(s), his/her candidature may be
cancelled, and appointment may be summarily terminated, if selected.
If any of the above discrepancies w.r.t. eligibility criteria, furnishing of wrong/false
information and or suppressing of any material fact is detected/noticed even after
appointment, his/her services will be liable for termination without any further notice.
Candidate may also render himself/herself liable to criminal prosecution.
o. The decision of the Management will be final and binding on all candidates on all matters
relating to eligibility, acceptance or rejection of the application, mode of selection,
cancellation of the selection process either in part or full, etc. No correspondence will be
entertained in this regard.
p. IOCL may cancel this recruitment process at its sole discretion at any point of the
recruitment exercise without offering any reason for cancellation.
Shortlisting and Selection Process
3.1 Selection Process
Selection process shall consist of following components:
a. Percentage of Marks in CA Intermediate / CMA Intermediate (Both Groups)
b. Group Discussion (GD) and Group Task (GT)
c. Personal Interview (PI)
3.2 Shortlisting Process
a. Shortlisting of eligible candidates for further selection process shall comprise of GD,
GT and PI.
b. Shortlisting will be done category-wise in descending order of percentage of marks
obtained by candidate in both Groups (1 and 2) taken together of CA Intermediate
/CMA Intermediate.
c. Candidates shortlisted for GD, GT and PI will have to reach at the venue decided by
Indian Oil Corporation Limited on date and time as advised to them. Request for
rescheduling of GD/GT and PI may not be entertained.
3.3 Document Readiness
a. The eligibility of the shortlisted candidates shall be verified at the time of GD, GT, PI
prior to allowing candidates further in the selection process. Only those candidates
shall be allowed to appear in the selection process who would meet the eligibility
criteria by furnishing relevant and valid documents in the latest formats in original at
the time of document verification.
b. Therefore, candidates must be able to produce valid and relevant documents in latest
formats in original in support of information furnished by them in their IOCL
application form at the time of document verification, failing which candidates may
not be allowed to participate further in the selection process and may be declared
ineligible for the position.
c. Candidates are therefore advised to bring all valid and relevant documents in the
latest formats at the interview center on the day of interview, if shortlisted.
3.4 Merit List
Merit list for provisional selection of the candidates for the advertised position shall be
prepared from following components, subject to candidates qualifying in all components
of selection process.
a. Percentage of Marks in CA Intermediate / CMA Intermediate (Both Groups)
b. Group Discussion (GD) and Group Task (GT)
c. Personal Interview (PI)
4.0 Other Information:
4.1 Service Bond
Selected candidates will have to execute a bond to serve the Corporation for a minimum period
of three years from the date of joining the corporation. The bond amount is as under:
Category Bond Amount
General Rs. Two Lac only
EWS, OBC(NCL), SC, ST, PwBD Rs. Thirty-Five Thousand only
4.2 Physical Fitness
Pre – Employment Medical Examination Guidelines (PEME Guidelines)
➢ Final joining of candidates is subject to meeting the physical fitness criteria as described in
the PEME guidelines.
➢ Therefore, Candidates are advised to go through the ‘Guidelines and Criteria for Physical
Fitness for Pre-employment Medical Examination’ placed on the registration portal and
should satisfy themselves that they meet the physical fitness parameters as per the PEME
guidelines before commencing filling the ONLINE application.
➢ All medical reports towards physical fitness as per guidelines mentioned in the Pre-
Employment Medical Examination shall be required to be submitted by the candidate at the
time of joining, if finally selected for the advertised positions.
4.3 Nature of Job
Depending upon the requirements of the Corporation, selected candidates can be posted to
any place in India in any Section/Plant/Unit/Department/Division of the Corporation or
Establishment including Associate Subsidiary/ Group Company / Joint Venture companies of
the Corporation, including overseas offices at the discretion of the Management without
detrimental to the emoluments or in any other discipline/role as per organization
requirement.
Finance profile generally includes - Preparation of accounts, Internal Audit, Accounting,
Pricing, Banking & Treasury Functions, Project Appraisal/ Project accounting, Direct and
Indirect Taxation, Crude oil procurement/payments, trade receivables, trade payables, assets
accounting etc.
4.4 JoiningTime
Selected candidates will have to join the organization on the date mentioned in their offer of
appointment failing which the organization reserves the right to cancel/withdraw the offer of
appointment without any further correspondence/reference to the candidates.
4.5 Remuneration
Candidates selected as Assistant Officers (A0 grade) will receive a starting basic pay of Rs.
40,000/- per month and shall be placed in the pay scale of Rs. 40,000 - 1,40,000. In addition,
the selected candidates will receive Dearness Allowance (DA) and other allowances, according
to the rules of the Corporation in force, and as amended from time to time.
Other allowances / benefits include House Rent Allowance (HRA) / Company accommodation,
Medical Benefits for self and dependents, Leave Travel Concession (LTC), Performance Related
Pay (PRP), Advances like House Building Advance (HBA)/Conveyance Advance, Group
personal accident insurance scheme, Superannuation Benefits (comprising of Gratuity,
Provident Fund, Pension scheme and Post-retirement medical benefit) etc. as per rules of the
corporation.
The gross valuation of remuneration to the company will be approx. Rs Thirteen Lacs Fifty
Thousand (Rs. 13.50 lakhs) per annum inclusive of performance-related pay (PRP). The
actual remuneration may vary depending on place of posting, financial performance of the
Corporation and also performance rating of individual.
4.6 Travel Reimbursement
a. Reimbursement up to 2nd AC Rail fare or actual fare [whichever is lower] by the shortest
route on production of ticket shall be made only to eligible candidates for appearing in
Group Discussion/Group Task/Personal Interview provided the distance travelled is not
less than 30 kms.
b. Since the reimbursement shall be made online, candidate must have a bank account in
his/her own name [sole/joint] with passbook/cheque book for reimbursement of fare.
4.7 NOC
Candidates presently employed in Government Departments / PSUs / Autonomous Bodies need
to submit NOC (No objection certificate) from competent authority of their current employer at
the time of document verification. Selected candidates will have to submit clear/unconditional
release letter from their current employer, failing which they will not be allowed to join.
Selected candidates working in Private organization will have to submit proof of acceptance of
resignation from their current employment prior to being allowed to join as officer.
4.8 Others
Any revision, clarification, addendum, corrigendum, time extension in submission of ONLINE
application, etc. to the above advertisement will be hosted on “Careers” section of IOCL website:
www.iocl.com Candidates are requested to visit the website regularly to keep themselves
updated.
4.9 Contact Us
In case of query, the candidates can write to us at recruit2023@indianoil.in
4.10 Last Date to Apply
Last date to apply for the position is 23:59 hrs of 31st August 2023.
 in Finance Function at Indian Oil Corporation){kind=link}
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