India Post Payments Bank (IPPB), a Government of India undertaking, invites applications for Scale III, V, VI, and VII positions on a regular/contractual basis.
Position Details
| Scale | Designation/Post | Vacancies | Age Limit (as of 01/01/2025) | Post Qualification Experience |
|---|---|---|---|---|
| MMGS III | Senior Manager | 2 | 26–35 years | 6 years |
| SMGS V | Assistant General Manager (Technology) | 1 | 32–45 years | 12 years |
| TEGS VI | Deputy General Manager (Finance) | 1 | 35–55 years | 15 years |
| TEGS VII | General Manager (Finance) | 1 | 38–55 years | 18 years |
Contractual Positions:
| Department | Designation/Post | Vacancies | Experience Required |
|---|---|---|---|
| Compliance | Chief Compliance Officer | 1 | Minimum 18 years in banking/finance; 5 years in compliance at a senior level. |
| Operations | Chief Operating Officer | 1 | Minimum 18 years, with 10 years in banking operations, NBFCs, or payment solutions. |
Eligibility Criteria
- Educational Qualifications:
- Senior Manager (Products & Solutions): Any graduate with MBA (2 years) or equivalent.
- Assistant General Manager (Technology): B.E./B.Tech/MCA/Postgraduate in IT/Management.
- Finance Positions: Chartered Accountant (CA) from ICAI; MBA (Finance)/CFA preferred.
- Compliance & Operations Positions: Graduate in any discipline; CA/CS/MBA preferred.
- Reservation & Relaxation:
- As per Government of India norms.
- Horizontal reservation for PwD candidates with a minimum of 40% disability.
Pay Scale and Allowances
| Scale | Basic Pay (₹) | CTC (Approx./Month ₹) |
|---|---|---|
| Scale III | ₹85,920–₹1,05,280 | ₹2,25,937 |
| Scale V | ₹1,20,940–₹1,35,020 | ₹3,16,627 |
| Scale VI | ₹1,40,500–₹1,56,500 | ₹3,91,408 |
| Scale VII | ₹1,56,500–₹1,73,860 | ₹4,36,271 |
Contractual Roles:
- Competitive remuneration at par with industry standards.
Selection Process
- Shortlisting: Based on qualifications, experience, and relevance to the role.
- Interview:
- Weightage: 100%
- Additional assessments such as Group Discussion or Online Test may be conducted.
Application Process
- Application Dates:
- Start Date: 10th January 2025
- End Date: 30th January 2025
- Mode of Application: Online only via IPPB Recruitment Portal.
- Application Fee:
- SC/ST/PwD: ₹150/-
- Others: ₹750/-
- Documents to Upload:
- Photograph, signature, left thumb impression, and handwritten declaration (in English).
General Terms
- Tenure of Contractual Roles: Initially 3 years, extendable based on performance.
- Bond for Regular Officers (Scale III & above): Service bond of ₹2,00,000/- for 3 years.
- Posting: Corporate Office, New Delhi (transferable across India).
- Reservations:
- Age relaxation: 5 years for SC/ST, 3 years for OBC, and 10 years for PwD.
- No relaxation for creamy-layer OBC candidates.
Contact Information
For queries, email: careers@ippbonline.in