Harcobank Recruitment 2026 — Official Vacancy Notification
Official recruitment notice issued by Harcobank for the post of Administrative & Technical Staff Cadre. Review verified pay structure, eligibility, vacancies, and application guidelines.
Key Recruitment Specifications
Category-Wise Vacancy Reservation
| UR | Total |
|---|---|
| 1 | 1 |
Essential Educational Qualification
B.Tech / B.E (Engineering). 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
| Cadre Designation | Vacancies | Pay Level | Deadline |
|---|---|---|---|
| Director | 1 | Rs. 1 | 2026-02-07 |
| Government Post / | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Director | 1 | Rs. 123,100 - 144,20 | 2026-09-30 |
| Probationary Officer (PO) / Clerk | 1 | Rs. 25,500 - 29,200 | 2026-09-30 |
| Procurement Scope | Est. Value | EMD Amount | Closing Date |
|---|---|---|---|
| Tender Notice - Harcobank (Tender: General Go | Refer Tender Notic | 2% Statutory EMD | Refer RFP Sched |
e-Procurement Bidding Roadmap & Portal Workflow
Register the entity on the GeM portal or CPPP using a valid Class III Digital Signature Certificate (DSC) to obtain necessary procurement tokens and access the tender document portal.
Participate in the mandatory pre-bid clarification meeting to seek technical and commercial deviations, ensuring all queries are submitted within the stipulated timeline to receive official addendums or corrigendums.
Submit the two-cover bid comprising the technical proposal, including credentials and compliance documents, and the financial proposal, ensuring all mandatory forms are signed and uploaded before the deadline.
Attend the online opening of the technical bids followed by the commercial BoQ financial opening for technically qualified bidders, ensuring transparency in the price discovery and evaluation process.
Receive the Letter of Award (LoA) upon successful selection, followed by the submission of the Performance Bank Guarantee and the formal execution of the service level agreement.
Technical Qualification Matrix & Due Diligence Standards
Bidders participating in Harcobank N/A Recruitment must satisfy the multi-tiered technical, financial, and statutory qualifying covenants detailed below:
| Evaluation Benchmark | Mandated Technical & Financial Covenant |
|---|---|
| Statutory Benchmark | The bidder must demonstrate an average annual turnover of at least 30 percent of the estimated contract value during the last three financial years, supported by audited balance sheets. |
| Statutory Benchmark | The bidder must provide proof of executing at least three similar recruitment or human resource management projects for public sector undertakings or government banks within the last five years. |
| Statutory Benchmark | Mandatory possession of valid GSTIN, PAN, EPF registration, ESI registration, and a valid Labor License under the Contract Labour (Regulation and Abolition) Act, 1970, is strictly required. |
| Statutory Benchmark | MSMEs and DPIIT-recognized startups are eligible for exemptions from EMD and prior turnover requirements under Rule 170 of GFR 2017 and the Public Procurement Policy for MSEs. |
Financial Safeguards, EMD & Performance Security Guarantees
The contract valuation for Harcobank recruitment services must be derived from a realistic cost estimate based on market rates for end-to-end recruitment process outsourcing. As per GFR 2017, an EMD of 2 percent of the estimated value is mandatory to ensure bidder seriousness, though MSMEs may be exempted under Rule 170. A Performance Bank Guarantee (PBG) ranging from 3 to 5 percent of the contract value is required to secure performance obligations. Tender document fees are generally waived on GeM, but if offline, they remain non-refundable. The Liquidated Damages (LD) clause is strictly capped at 0.5 percent per week of delay, with a maximum ceiling of 10 percent of the total contract value. These parameters ensure financial discipline and protect the procuring entity against service delivery failures, aligning with standard public procurement financial governance frameworks.
General Conditions of Contract (GCC) & Integrity Compliance
The contract shall be governed by the Indian Arbitration and Conciliation Act, 1996, with disputes settled through sole arbitration in the jurisdiction of the Harcobank headquarters. Payments will be released based on defined milestone billing linked to successful candidate onboarding. A Defect Liability Period (DLP) of six months applies to recruitment quality, ensuring candidate retention. Furthermore, an Integrity Pact is mandatory for high-value contracts to ensure transparency and prevent corrupt practices. All service delivery must strictly adhere to the General Financial Rules (GFR) 2017, ensuring that the service provider maintains complete confidentiality and data protection standards throughout the engagement period.
Procurement & Bidding FAQs — Harcobank N/A Recruitment
Unless explicitly stated in the tender document, joint ventures are generally discouraged to ensure individual accountability, though sub-contracting specific non-core tasks may be permitted with prior approval.
The EMD Bank Guarantee must be issued by a scheduled commercial bank in India, strictly following the format provided in the tender document, and must remain valid for 45 days beyond the bid validity.
The standard bid validity period is 180 days from the date of opening of the technical bid, during which the bidder cannot withdraw or modify their offer.
No, this is a fixed-price contract. Bidders are expected to account for all statutory wage revisions and market fluctuations within their quoted rates for the entire contract duration.
Technical evaluation is based on a Quality and Cost Based Selection (QCBS) or Least Cost Selection (LCS) method, with marks awarded for past experience, methodology, and team expertise.
While MSMEs are exempt from EMD, they are generally not exempt from the Performance Bank Guarantee, as it serves as a security for the successful execution of the contract.