PESB PFC Recruitment 2026: 1 Chairman & Managing Director – Apply Online @ pesb.gov.in

Post-Wise Vacancy & Pay Scale

Eligibility Criteria & Educational Qualification

Educational Qualification for CMD

• Engineering Graduate, OR
• Chartered Accountant (CA), OR
• Cost Accountant (CMA), OR
• Post Graduate in any discipline, OR
• Graduate with MBA / PGDM from a leading Institute

Experience Requirements

• Cumulative experience/exposure of at least 5 years during the last 10 years in Finance, Business Development, Production, Operations, Marketing, or Project Management in a large organisation of repute. Preference given to candidates with experience in the Power Sector / Infrastructure Finance.
• Cumulative experience of at least 5 years in core HR / IR / Personnel Management, along with at least 3 years cumulative experience during the last 10 years in Finance, Business Development, Production, Operations, Marketing, or Project Management in a large organisation of repute.

Employment Status Requirement

The applicant must, on the date of application as well as on the date of interview, be employed in a regular capacity (not contractual/ad-hoc) in one of the following:

• Central Public Sector Enterprise (CPSE) — including full-time functional Directors on the Board
• Central Government Group 'A' Officers (including Armed Forces, All India Services, Public Sector Banks / Financial Institutions / Autonomous Bodies)
• State Public Sector Enterprise (SPSE) with annual turnover of Rs. 10,000 crore or more
• Private Sector Company / Joint Venture (50:50 JV of Central/State Government or CPSEs) / National and State-level Cooperative Federations with annual turnover of Rs. 10,000 crore or more (preference to listed companies)

Age Limit & Residual Service

• Superannuation age: 60 years (as on date of occurrence of vacancy — 01.05.2027)
• Internal candidates: Minimum 45 years with 2 years residual service as on date of vacancy
• All other candidates: Minimum 45 years with 3 years residual service as on date of vacancy

Selection Process & Screening Clause

The selection is carried out by the Public Enterprises Selection Board (PESB) through a selection meeting (interview) with shortlisted qualified candidates. Key details:

• Stage 1 — Application Screening: Applications received through proper channel are screened for eligibility against prescribed qualifications, experience, age, and employment status criteria.
• Stage 2 — Selection Meeting / Interview: Shortlisted candidates are evaluated in a scored selection meeting conducted by PESB.
• TA/DA: Candidates must check the official notification for TA/DA provisions.
• No written examination is prescribed. Selection is based entirely on the interview/selection meeting.

How to Apply for PFC Chairman & Managing Director Recruitment 2026

1. Fill up the application form online on the PESB website against the Job Description for CMD, PFC.
2. Submit the application through the proper channel based on your employment category (Cadre Controlling Authority, Administrative Ministry, or Competent Authority).
3. Ensure the application is submitted online by the applicant by 03:00 PM on 30.10.2026.
4. Ensure the nodal officer / competent authority forwards the online application to PESB by 17:00 hours on 09.11.2026.
5. Attach required documents including annual reports, board-level evidence, age proof, qualification certificates, and the 13 points proforma vigilance profile prescribed by CVC (where applicable).

Required Documents & Instructions for Candidates

• Age Proof Certificate (Matriculation / Birth Certificate)
• All Degree and Qualification Certificates (Engineering / CA / CMA / PG / MBA / PGDM)
• Cumulative Experience Certificates on Official Letterhead for the last 10 years
• Annual Reports and Board-Level Evidence of current organisation
• 13 Points Proforma Vigilance Profile prescribed by CVC (if applicable)
• Valid Category / Caste Certificate in Central Government prescribed format (if applicable)
• Two recent passport-size photographs and valid Photo ID proof

Official Links

• Download PESB PFC Chairman & Managing Director Official Notification PDF (Advt. 109/2026)
• Visit the Official PESB Application Portal for Online Submission

Frequently Asked Questions

What is the last date to apply for PFC Chairman & Managing Director Recruitment 2026?

The applicant must submit the online application by 03:00 PM on 30 October 2026. The nodal officer or competent authority must forward the application to PESB by 17:00 hours on 09 November 2026.

What is the application mode and portal for PFC CMD Recruitment?

The application must be filled and submitted online through the PESB website (pesb.gov.in) against the relevant Job Description. Applications are then forwarded to PESB through the proper channel.

Is there any application fee for PESB PFC CMD Recruitment 2026?

The official notification does not state any application fee for this recruitment. Candidates should verify in the detailed notification PDF.

What is the monthly pay scale for the Chairman & Managing Director of PFC?

The pay scale is Rs. 2,00,000 – Rs. 3,70,000 (IDA) per month, corresponding to a senior executive board-level position at a Schedule 'A' CPSE.

What is the nature of employment for the PFC CMD position?

This is a permanent, full-time board-level appointment on the Board of Power Finance Corporation Limited, a Schedule 'A' Central Public Sector Enterprise under the Ministry of Power, Government of India. The superannuation age is 60 years.

What educational qualification is required for PFC CMD Recruitment?

The candidate must be an Engineering Graduate, or Chartered Accountant, or Cost Accountant, or Post Graduate, or a Graduate with MBA/PGDM from a leading Institute, along with minimum 5 years of relevant senior-level experience in a large organisation.