What is the pay scale for Chief Manager Finance and Accounts E5 Grade?
The sanctioned remuneration is Rs. 25,500 - 29,200 (Level-4) under the 7th Central Pay Commission framework, accompanied by standard Central/State allowances including Dearness Allowance (DA), House Rent Allowance (HRA), and National Pension System (NPS) benefits.
What is the official application deadline?
The confirmed deadline for online application registration and fee settlement is 2026-09-30. Candidates are urged to finalize submissions in advance of the deadline.
How to verify authentic notification circulars from MEGSCPWD Authority?
All official notifications and gazetted circulars are published directly on the verified sovereign domain megscpwd.gov.in. Always cross-check notice references against primary government bulletins.
Explore verified public authorities and related career tracks across the national network:
Access the official MEGSCPWD recruitment portal, complete the One-Time Registration (OTR) by providing basic personal details, and generate a unique candidate login ID and password for security.
2
Log in to fill out the comprehensive application form, detailing academic qualifications, professional memberships (CA/ICWA), and mandatory post-qualification executive experience in corporate finance or accounts.
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Upload scanned copies of essential documents, including matriculation certificate, degree certificates, professional experience letters, caste/category certificates, and a recent passport-sized photograph with signature in specified formats.
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Pay the non-refundable application fee online via integrated payment gateways using net banking, credit/debit cards, or UPI, ensuring to download and save the generated transaction receipt.
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Monitor the portal for the release of the e-admit card, which must be downloaded and printed, containing the designated exam center, date, and mandatory reporting instructions.
Comprehensive Selection Process & Syllabus Framework
The candidate evaluation matrix for Chief Manager Finance and Accounts E5 Grade is governed by standardized testing protocols designed to assess core competency, analytical reasoning, and specialized domain knowledge.
Selection Phase / Exam Paper
Weightage & Duration
Core Syllabus Scope & Evaluation Focus
Stage 1: Computer Based Screening
100 Marks, 120 Minutes
Quantitative Aptitude, Logical Reasoning, English Language, General Awareness, and Basic Corporate Governance.
Stage 2: Cadre Domain Specialization
200 Marks, 180 Minutes
Advanced Financial Accounting, Cost and Management Accounting, Direct and Indirect Taxation, Corporate Laws, Auditing Standards, and Treasury Management.
Stage 3: Document Verification and Personal Interview
100 Marks, 45 Minutes
Evaluation of leadership capabilities, strategic financial decision-making, communication skills, and verification of original professional credentials and experience certificates.
Stage 4: Medical Examination and Merit List
Qualifying
Physical fitness standards as per MEGSCPWD medical rules, followed by the publication of the final merit list based on cumulative scores.
7th Central Pay Commission (CPC) Compensation Structure
The Chief Manager Finance and Accounts (E5 Grade) at MEGSCPWD Authority is aligned with Level 12 of the 7th Central Pay Commission (CPC) Pay Matrix, transitioning towards the proposed 8th CPC framework. The entry basic pay is established at Rs. 78,800 per month. With the current Dearness Allowance (DA) set at 53% (Rs. 41,764), House Rent Allowance (HRA) for Class X cities at 30% (Rs. 23,640), and Transport Allowance (TA) at Rs. 7,200 plus DA on TA (totaling Rs. 11,016), the Gross Monthly Salary reaches approximately Rs. 1,55,220. After mandatory statutory deductions, including 10% towards the National Pension System (NPS) (Rs. 12,056), Professional Tax, and Income Tax, the estimated net in-hand monthly salary is approximately Rs. 1,30,000. This highly lucrative package is supplemented by annual increments, medical coverage, and performance-related pay (PRP) typical of senior management cadres.
Statutory Reservation & Age Relaxation Guidelines
Recruitment to the E5 Grade at MEGSCPWD Authority strictly adheres to the statutory reservation policies mandated by the Department of Personnel and Training (DoPT), Government of India. Vertical reservation is implemented with a 10% quota for Economically Weaker Sections (EWS). Age relaxations are granted as per central norms: 5 years for Scheduled Castes (SC) and Scheduled Tribes (ST), 3 years for Other Backward Classes (OBC-NCL), and 10 years for Persons with Benchmark Disabilities (PwBD). Women candidates and SC/ST/PwBD applicants are exempted from paying the application fee, promoting inclusivity and diversity across senior administrative and financial cadres.
Recruitment & Examination FAQs — Chief Manager Finance and Accounts
What are the minimum qualifying cutoff marks for the written examination?
Candidates must secure a minimum of 50% marks in each paper for the General/EWS categories, and 45% for reserved categories (SC/ST/OBC/PwBD) to be shortlisted for the interview stage.
Is there a normalization process applied to the exam scores?
Yes, if the Computer Based Test is conducted in multiple shifts, a multi-shift percentile-based normalization method will be applied to ensure equity and fairness across different difficulty levels.
Is there a service agreement bond required upon joining?
Selected candidates must execute a service agreement bond of Rs. 3,00,000 to serve the MEGSCPWD Authority for a minimum period of three years from the date of joining.
What is the duration of the probation period for the E5 Grade?
The selected Chief Manager will undergo a probation period of one year, during which performance is continuously monitored before confirmation in the permanent cadre.
Does the syllabus include public procurement and government budgeting?
Yes, the domain specialization paper includes specific sections on General Financial Rules (GFR), public procurement guidelines, government accounting procedures, and budgeting frameworks.
Where will the selected Chief Manager Finance and Accounts be posted?
Initial postings are generally at the Corporate Headquarters in New Delhi, but officers are liable for transfer to any regional office or project site across India.