DRAT Chairperson Recruitment 2025 Notification: The Department of Financial Services (DFS), under the Ministry of Finance, has announced the DRAT Chairperson Recruitment 2025, inviting applications for five high-profile Chairperson posts in Debt Recovery Appellate Tribunals (DRATs). Located in Delhi, Mumbai, Chennai, Kolkata, and Allahabad, these tribunals serve a vital role in ensuring swift judicial recourse for financial institutions in debt recovery matters. The positions are open to retired High Court Judges or experienced Judicial Members from Debt Recovery Tribunals (DRTs), aiming to strengthen India’s financial dispute resolution framework.
The official notification, dated May 1, 2025, was published in the Employment News (May 3–9 edition). The application window is currently open, and eligible candidates must submit their applications offline by June 16, 2025. These appointments are contractual, offering a tenure of up to five years or until the candidate turns 70, whichever comes first. Key highlights of the recruitment include no application fee, location preference options, and a comprehensive selection process involving shortlisting and interaction with a high-level committee.
DRAT Chairperson Recruitment 2025: Key Details
| Particulars | Details |
|---|---|
| Recruiting Body | Department of Financial Services (DFS), Ministry of Finance |
| Position | Chairperson, Debt Recovery Appellate Tribunal (DRAT) |
| Total Vacancies | 05 (Delhi, Mumbai, Chennai, Kolkata, Allahabad) |
| Eligibility | – Retired High Court Judge, OR – Judicial Member of DRT (min. 3 yrs) |
| Age Limit | Must be below 70 years as on June 16, 2025 |
| Mode of Application | Offline only |
| Application Deadline | June 16, 2025 (by 5:00 PM) |
| Application Fee | None |
| Selection Process | Screening → Interaction → ACC Approval → Medical Exam |
| Pay Scale | ₹2,25,000 per month (Level 17) |
| Tenure | Up to 5 years or till age 70 |
| Location Preference | Optional (to be indicated in application) |
| Notification Date | May 1, 2025 |
| Where to Apply | Send application to DFS, New Delhi; email copy to estt2-dfs@nic.in |
| Website for Details | financialservices.gov.in |
| WhatsApp Official Channel | Join WhatsApp Channel |
| Telegram Official Channel | Join Telegram Channel |
What is the last date to apply for DRAT Chairperson Recruitment 2025?
The last date to submit offline applications for DRAT Chairperson Recruitment 2025 is June 16, 2025, by 5:00 PM.
DRAT Chairperson Appointment: What You Need to Know
The DRAT Chairperson role involves appellate judicial oversight in debt recovery cases filed by banks and financial institutions. The five available posts are stationed in major Indian metros—Delhi, Mumbai, Chennai, Kolkata, and Allahabad—each presiding over appeals from subordinate DRTs.
Eligible candidates must either be retired High Court Judges or have served as Judicial Members in DRTs for at least three years. Additionally, those with experience in banking and financial laws under the RDB Act, 1993, will have an edge. The maximum permissible age for applicants is 70, and all qualifications must be fulfilled by the application deadline.
How to Apply for DRAT Chairperson Recruitment 2025
Applicants must download the prescribed application format (Annexure-I) from financialservices.gov.in or refer to the Employment News (May 3–9 edition). The form requires detailed information about judicial service, retirement, experience in financial cases, and location preference.
Completed applications should be sent by Registered or Speed Post to:
Under Secretary (Establishment-II),
Department of Financial Services,
3rd Floor, Jeevan Deep Building,
Sansad Marg, New Delhi – 110001
Applicants may also submit a scanned copy via email to estt2-dfs@nic.in with the subject: “Application for DRAT Chairperson 2025 – [Candidate Name]”.
Applicants must ensure they enclose:
- Recent photograph
- Retirement and service certificates
- Age proof
- Experience documentation
Applications must reach DFS by 5:00 PM on June 16, 2025. Late or incomplete applications will not be considered.
Inside the Selection and Appointment Process
A Search-cum-Selection Committee will evaluate shortlisted candidates based on their legal acumen, familiarity with financial law, and suitability for tribunal leadership. Final selections will be approved by the Appointments Committee of the Cabinet (ACC), headed by the Prime Minister.
Shortlisted candidates will undergo an interaction (interview) session and medical fitness examination before final appointment. The process is expected to conclude by September 2025.
Why the DRAT Role Matters: Background and Outlook
Established under the Recovery of Debts and Bankruptcy Act, 1993, DRATs are crucial to India’s financial judicial system. They expedite appeals against DRT orders and maintain fairness in the debt recovery ecosystem.
These appointments are vital in strengthening India’s banking infrastructure, especially at a time when non-performing assets and financial litigation are rising. The upcoming selection will ensure experienced jurists continue to uphold judicial efficiency and transparency in financial disputes.
