India Post Payment Bank Recruitment: Eligibility & Salary Doubts Answered

The Indian banking sector is finally opening up with new banks being established from this year.India post has started India Post Payment Bank and has also issued a massive recruitment notification for officer posts.Since freshers are also eligible for these positions, and IPPB being a new bank,many aspirants have doubts related to eligibility,job profile etc..


For the candidates to better understand India post payment bank recruitment 2016,here is a compilation of answers for some of your most common doubts.


As per the notification, the online registration closes on October 25.So if you are eligible,go ahead & submit your applications immediately instead of waiting for the last minute.


Age & Qualification Doubts:

Q: India Post Payment Bank (IPPB) – Is it a govt job or private?

A: India Post Payments Bank (IPPB) is 100% owned by Government of India through Department of Posts.So it is completely a govt bank job.


Q: I will turn 20 years in January 2017.Am I eligible for Assistant Manager (Territory- scale I) post?

A: No.The age limit fixed for recruitment of this position is 20 - 30 yrs, as on September 1, 2016.


Only those who are born not between 02.09.1986 & 01.09.1996 are eligible to apply for scale I positions.


Q: What is the age requirement for Manager (scale II) & Senior Manager (scale III)?

A: Manager (scale II): 23 to 35 years (birth date must be within 02.09.1981 & 01.09.1993

Senior Manager (scale III): 26 to 35 years (born between 02.09.1981 & 01.09.1990)


eligibility for lic aao recruitment 2013

Q: I belong to OBC/ SC/ ST category.Are there any relaxations in age?

A: Like in any govt recruitments, the maximum age is extended by 3 yrs for OBC, 5 yrs for SC, ST, 10 yrs for persons with disability (PWD)


Q: I have only 45% in degree.Am I eligible?

A: You are eligible as pass in degree is enough to apply.The percentage of marks doesn't matter for india post payment bank recruitment 2016.


Q: I am in final semester/ year of college & will complete degree only in 2017.

A: Candidates who have completed their degree by Sep 1, 2016 are only eligible for these jobs.


Therefore those who are doing their final semester/ year or waiting for results are NOT permitted to apply.


Experience related Doubts

Q: Is experience required for Assistant Manager (scale I) cadre job?

A: No.Freshers are also eligible for this post


Q: What are the experience conditions for scale II & III positions?

A: There are 652 scale II & 408 scale III vacancies in India post payment bank recruitment.So each post has separate condition listed below:


Manager (scale II): 3 yrs experience of working in scale I in any public sector bank or equivalent scale in a private bank or similar level in any other organization.


Senior Manager (scale III): Minimum 6 yrs experience of working in scale II in any govt bank or equivalent scale in a private bank or similar level in any other organization.


Salary, Bond & Job Location Doubtslic aao salary

Q: What is the salary of officers in India post payment bank?

A: The payscale for employees in IPPB varies with scale.


Assistant Manager (scale I): Rs.65,000 /month Manager (scale II): Rs.83,000 /month

Senior Manager (scale III): Rs.1,06,000 /month


The above salary is inclusive of allowances & benefits.So your take home salary could be around 30% lesser than the CTC given above.


Q: Is there any service bond in india post payment bank?

A: There is NO agreement or service bond in IPPB


Q: Can I get posting in my home state? Are there transfers?

A: The IPPB recruitment is not conducted state-wise.So you may be posted to any branch of the bank located across India.


Hence selected candidates should be willing to work or get transferred anywhere in India.


Incase you still have more clarifications after reading through india post payment bank recruitment notification, feel free to ask them below.

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