Exciting Career Opportunities at India Post Payments Bank (IPPB)
India Post Payments Bank Limited (IPPB), an initiative under the Department of Post, Ministry of Communications, is set to redefine banking in India. With its extensive network of 650 branches and over 1,55,015 post offices as access points, IPPB is revolutionizing financial literacy and banking services b…
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Exciting Career Opportunities at India Post Payments Bank (IPPB)
India Post Payments Bank Limited (IPPB), an initiative under the Department of Post, Ministry of Communications, is set to redefine banking in India. With its extensive network of 650 branches and over 1,55,015 post offices as access points, IPPB is revolutionizing financial literacy and banking services by bringing them to the doorstep of every Indian. To support this mission, IPPB is inviting applications for various positions in Scale III, V, VI, and VII on a regular or contractual basis. Here are the details:
Important Dates
| Event | Date & Time |
|---|---|
| Online Registration Opens | 10.01.2025 (10:00 AM) |
| Online Registration Closes | 30.01.2025 (11:59 PM) |
Vacancy Details
Regular Positions
| Department | Scale | Designation | Total Vacancies | Reserved Categories |
| Finance | VI | DGM-Finance/CFO | 1 | OBC: 1 |
| VII | General Manager – Finance/CFO | 1 | UR: 1 | |
| Technology | V | Assistant General Manager (Program/Vendor Management) | 1 | OBC: 1 |
| Product | III | Senior Manager (Products & Solutions) | 2 | OBC: 1, ST: 1 |
| Internal Audit | III | Senior Manager (Information System Auditor) | 1 | UR: 1 |
Contractual Positions
| Department | Post/Designation | Total Vacancies | Reserved Categories |
| Compliance | Chief Compliance Officer | 1 | OBC: 1 |
| Operations | Chief Operating Officer | 1 | SC: 1 |
Eligibility Criteria
Regular Positions
| Scale | Designation | Age Limit (as of 01.01.2025) | Post Qualification Work Experience |
| MMGS-III | Senior Manager | 26–35 Years | Minimum 6 Years |
| SMGS-V | Assistant General Manager | 32–45 Years | Minimum 12 Years |
| TEGS-VI | Deputy General Manager | 35–55 Years | Minimum 15 Years |
| TEGS-VII | General Manager | 38–55 Years | Minimum 18 Years |
Contractual Positions
| Designation | Age Limit (as of 01.01.2025) | Post Qualification Work Experience |
| Chief Compliance Officer | 38–55 Years | Minimum 18 Years (including 5 years in Audit/Finance/Compliance/Legal/Risk Management) |
| Chief Operating Officer | 38–55 Years | Minimum 18 Years (including 10 years in operations and leading a team of 500+) |
Compensation
| Scale | Basic Pay Scale (INR) | Approximate CTC (Per Month, INR) |
| Scale VII | 1,56,500 – 1,73,860 | 4,36,271 |
| Scale VI | 1,40,500 – 1,56,500 | 3,91,408 |
| Scale V | 1,20,940 – 1,35,020 | 3,16,627 |
| Scale III | 85,920 – 1,05,280 | 2,25,937 |
Contractual positions will offer competitive remuneration packages in line with industry standards.
Key Responsibilities
DGM-Finance/CFO
Ensure accurate financial reporting and compliance.
Develop financial strategies aligned with the bank’s long-term vision.
Manage financial operations, including accounting and taxation.
Assistant General Manager (Program/Vendor Management)
Vendor selection, performance monitoring, and compliance.
Risk management in vendor services.
Optimize contracts for cost savings.
Senior Manager (Products & Solutions)
Design innovative banking products like UPI, BBPS, and AEPS.
Collaborate with stakeholders to ensure product success.
Application Process:
Online Application: Visit IPPB Careers.
Application Fee:
SC/ST/PWD: INR 150
Others: INR 750
Documents Required:
Scanned photograph, signature, and educational documents.
Valid personal email ID.
Selection Process
Primary Stage: Interview.
Additional stages like group discussions or online tests may be conducted if required.
