India Post Payments Bank (IPPB) recruitment of 650 officers is the 1st notification coming from newly formed payments bank.IPPB was formed in 2016 as public sector company primarily to serve the common man with banking services & offer various investment services.India Post Payments Bank will be headquartered in New Delhi & plans to launch 650 branches across the country by end of 2017.
Payment banks, a new concept brought by RBI will offer savings & current accounts upto Rs.1 Lac along with other financial services such as insurance, mutual funds, pension, credit products, forex etc.,.BUT cannot issue loans or credit cards.
Since IPPB is powered by India Post, which has over 1.54 lac post offices across the country, the trust factor among customers will be high.
So applying for jobs in India Post Payments Bank is a good opportunity for those looking for a career in new age govt banking sector.
Post & Vacancies
Assistant Manager (scale I officer) – 650 Openings
In a payscale of Rs.23,700 - 42,020, the salary for IPBB officers could be approx Rs.65,000/ month including allowances & other benefits.
The take home salary may be around Rs.30,000 – 40,000 depending on the place of posting.
Dates to Remember
Online registrations from 4– 25 October, 2016
Date of Online Examination – December 2016 & January 2017
Who are Eligible?
Inorder to apply for India post payments bank recruitment 2016, you are required to posses the following eligibility conditions:
- Agelimit: 20 – 30 years as on 1.09.2016 (max age relaxed for OBC: 3 yrs & SC/ST: 5 yrs
- Graduation (degree in any discipline) is compulsory as on Sep 1, 2016
Those who are awaiting results or who are in final year/ semester are NOT eligible.
The selection procedure of IPBB consists of the following stages – i) Preliminary Exam ii) Main Exam iii) Interview.
The prelims is an online test for 100 marks with 100 questions.Candidates have to qualify in each of the three tests by securing the necessary cutoff marks decided by IPPB to get shortlisted for mains test.
In mains, there would be separate cutoffs for individual section & total scores.Only those who secure above it, shall qualify for personal interviews.
Final selections are based on your main exam & interview scores only.
How to Register?
The application fee of Rs.700 or Rs.150 (SC/ST/PWD) must pay online along with the registration form at www.indiapost.gov.in
While starting to fill the application, you may receive an Email or SMS containing the registration number & password.
Make sure to save this message or note down the details in a separate sheet to avoid losing in future.
On successful submission, remember to take a print of the system generated form for future reference.
If you are intersted to apply for the India Post Payments Bank Recruitment 2016-17, download the notification/ advt from their official website here
The online application is active now – click here to apply