All India / Central • Ajnifm

Ajnifm of Advisor Recruitment

Official recruitment notice issued by Ajnifm for the post of Advisor. Review verified pay structure, eligibility, vacancies, and application guidelines.

Arun Jaitley National Institute of Financial Management (AJNIFM Faridabad) Official Logo
Recruiting Authority
Arun Jaitley National Institute of Financial Management (AJNIFM Faridabad)
View Dossier
Arun Jaitley National Institute of Financial Management (AJNIFM Faridabad) Official Emblem
Recruiting Authority
Portal: ajnifm.ac.in

Key Recruitment Specifications

Total Vacancies
1 Posts
Pay Scale / Salary
Rs. 25,500 - 29,200 (Level-4)
Age Criteria
18 to 30 Years
Application Deadline
2026-09-30

Category-Wise Vacancy Reservation

URTotal
11
Crucial Recruitment Schedule
Application Deadline2026-09-30

Essential Educational Qualification

Graduate / As specified in official notice. Candidates must ensure all certificates are verified prior to the cutoff date.

Selection Methodology

1. Computer Based Written Test (CBT), 2. Skill Test / Interview (Where Applicable), 3. Document Verification & Medical Fitness Test.

Frequently Asked Questions

The last date for submitting online applications is 2026-09-30. Candidates are advised to complete registration before the cutoff date to avoid portal traffic.
The remuneration is structured as Rs. 25,500 - 29,200 (Level-4). Selected candidates are also eligible for Central/State Dearness Allowance (DA), House Rent Allowance (HRA), and statutory pension contributions.
Applicants must possess Graduate / As specified in official notice. Candidates must ensure certificates and degrees are issued prior to the application cutoff.
The selection methodology involves: 1. Computer Based Written Test (CBT), 2. Skill Test / Interview (Where Applicable), 3. Document Verification & Medical Fitness Test.
Related Openings under Ajnifm
Cadre DesignationVacanciesPay LevelDeadline
Adjunct Faculty / Professor Of Practice 20/04 1 Rs. 006437 2026-04-20
Government Post / 1 Rs. 25,500 - 29,200 2026-09-30
Government Post / 1 Rs. 25,500 - 29,200 2026-09-30
Junior Translator in Level 1 Rs. 25,500 - 29,200 2026-09-30
Active Procurement Tenders by Ajnifm
Procurement ScopeEst. ValueEMD AmountClosing Date
Tender Notice - Ajnifm (Tender: General Gover Refer Tender Notic 2% Statutory EMD Refer RFP Sched
Tender Notice - Ajnifm (Tender: General Gover Refer Tender Notic 2% Statutory EMD Refer RFP Sched
Tender Notice - Ajnifm (Tender: General Gover Refer Tender Notic 2% Statutory EMD Refer RFP Sched
Tender Notice - Ajnifm (Tender: General Gover Refer Tender Notic 2% Statutory EMD Refer RFP Sched

e-Procurement Bidding Roadmap & Portal Workflow

1

Step 1: Vendors must complete mandatory digital token registration and profile activation on the designated CPPP or GeM 4.0 portal using valid Class III Digital Signature Certificates to participate in the Ajnifm tender.

2

Step 2: Prospective bidders shall submit written queries within the stipulated timeframe, followed by attendance at the mandatory pre-bid clarification meeting hosted by Ajnifm to resolve technical and commercial ambiguities.

3

Step 3: Bidders must upload their two-cover bids simultaneously, ensuring Cover 1 contains comprehensive technical credentials, statutory compliances, and methodology without any financial figures to prevent disqualification.

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Step 4: Following technical evaluation and sample or presentation scoring, the commercial Bill of Quantities (BoQ) financial bids of only technically qualified responsive bidders shall be unencrypted and opened on the portal.

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Step 5: The competent authority at Ajnifm issues the formal Letter of Award (LoA) to the lowest evaluated responsive bidder, triggering the acceptance timeline and subsequent submission of the Performance Bank Guarantee.

Technical Qualification Matrix & Due Diligence Standards

Bidders participating in Ajnifm of Advisor Recruitment must satisfy the multi-tiered technical, financial, and statutory qualifying covenants detailed below:

Evaluation BenchmarkMandated Technical & Financial Covenant
Annual Turnover Criteria Bidders must possess an average annual financial turnover of at least 30 percent of the estimated contract value during the last three consecutive financial years, duly certified by a Chartered Accountant.
Similar Project Execution Experience The agency must demonstrate successful execution of similar advisory or consultancy projects for central or state government bodies, autonomous institutions, or public sector undertakings over the past seven years.
Statutory Licenses and Compliance Mandatory submission of valid GSTIN registration, Permanent Account Number (PAN), PF and ESI registrations, and applicable labor licenses demonstrating unblemished statutory standing.
MSME and Startup Exemptions Micro and Small Enterprises and recognized Startups are eligible for exemption from EMD and prior turnover criteria under Rule 170 of GFR 2017, subject to furnishing valid UDYOG Aadhar or DPIIT certification.

Financial Safeguards, EMD & Performance Security Guarantees

The procurement dossier for the engagement of advisors by Ajnifm requires stringent commercial structuring under GFR 2017 and GeM 4.0 frameworks. The estimated contract valuation must be determined via robust market rate analysis to set baseline expectations. An Earnest Money Deposit (EMD) pegged strictly at 2% of the estimated value is mandatory to deter frivolous bidders, submitted via Bank Guarantee or NEFT/RTGS. Successful bidders must furnish a Performance Bank Guarantee (PBG) ranging from 3% to 5% of the total contract value to safeguard against default, valid till 60 days post warranty or defect liability period. While tender document fees are generally exempted on GeM and CPPP for MSMEs, processing fees may apply. Furthermore, the Liquidated Damages (LD) clause enforces a financial penalty of 0.5% of the delayed milestone value per week of delay, capped at a maximum of 10% of the total contract price.

General Conditions of Contract (GCC) & Integrity Compliance

Contractual compliance is governed strictly by the General Conditions of Contract (GCC). All disputes arising out of the Ajnifm advisor recruitment shall be resolved amicably, failing which they shall be referred to sole arbitration under the Indian Arbitration and Conciliation Act, 1996, with proceedings held in English at the designated Ajnifm jurisdiction. Milestone billing shall be tied to specific, verifiable deliverables outlined in the scope of work. The Defect Liability Period (DLP) extends up to 12 months post-project completion to rectify advisory discrepancies. Additionally, an Integrity Pact must be executed for high-value tenders to ensure transparency and prevent corrupt practices.

Procurement & Bidding FAQs — Ajnifm of Advisor Recruitment

Are Joint Ventures (JVs) or Consortiums eligible to bid for the Ajnifm advisor recruitment tender?

No, Joint Ventures and Consortiums are not permitted to bid. Only single, independent legal entities satisfying all pre-qualification criteria may apply.

What is the acceptable format and validity requirement for the Earnest Money Deposit (EMD) Bank Guarantee?

The EMD must be issued by a scheduled commercial bank in India in favor of Ajnifm, remaining valid for a minimum of 45 days beyond the final bid validity period.

What is the standard bid validity period required for this procurement process?

Bids must remain valid and open for acceptance by Ajnifm for a period of 180 days from the scheduled date of technical bid opening.

Does this contract include a Price Variation Clause (PVC) for the duration of the engagement?

No, prices quoted by the selected advisor shall remain firm and fixed throughout the currency of the contract, inclusive of all taxes, duties, and statutory levies.

What is the minimum qualifying technical score required for financial bid opening?

Bidders must secure a minimum technical score of 70 marks out of 100 based on the Quality and Cost Based Selection (QCBS) or Least Cost System evaluation matrix defined in the RFP.

Can the procuring entity extend the deadline for bid submission?

Yes, Ajnifm reserves the right to extend the bid submission deadline by issuing a formal corrigendum published on the CPPP or GeM portal prior to the original closing time.