Skip to main content

India Post Payment Bank Recruitment: Eligibility & Salary Doubts Answered

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)

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 Doubts

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.

Comments

Popular posts from this blog

Duties and additional duties of Postman----for information of all supervisory cadre

  DG(P) No.11-1/2010-Admn dated 18-11-2010 NO.25-20/2008-PE-I Government of India Ministry of Communications & IT Department of Posts (Establishment Division)                                                                                                        Dak Bhavan, Sansad Marg                                                                                          New Delhi                                                                                                       Dated 25.11.2008   TO              All Heads of Circles/Regions,   Subject: Additional duties for Postman/Delivery Staff.                                       On account of changes in work scenario of the Post offices brought about due to the induction of technology and primacy of business products, the duties and responsibilities of the postman have undergone a vast change. In order to incorporate these changes, the following duties are prescribed in addition to t
ENHANCEMENT OF FINANCIAL POWERS OF HSG, HSG-II AND LSG POST MASTERS ( THESE ORDERS ARE IN FORCE. NO REVISION TAKES PLACE SINCE 21 YEARS) A reference is invited to Circular No.62-8/64-CI dated 20.10.1965 delegating financial powers to HSG and LSG Postmasters to incur expenditure of a contingent nature on the following items: a) Replacing, repairing, cleaning, oiling, shifting of electric lights and fittings, fans etc. of the office in a rented building when the charge is a Government liability. b) Repairs of Department bicycles. c) Purchase of earthen pots, glass tumblers, dusters, brooms etc. d) Purchase and repairs to furniture. e) Emergent arrangements for conveyance of mails. 2. The question of enhancement of the powers were being examined in the Directorate in view of the rise in the prices and it has been decided to enhance the powers given to HSG & LSG Postmasters from Rs.30 & Rs.20/- respectively on each occasion to Rs.60/- & Rs.40/- respectively on each o
GRANT OF TA & TRANSIT (TA & TP) TO OFFICIALS TRANSFERRED ON COMPLETION OF TENURE TO THE PLACE OF THEIR CHOICE . A proposal on grant TA and transit to officials who are transferred on completion of tenure to the place of their choice was under consideration in this Directorate for sometime past.      SR-114 governs TA on transfer distinguishes between transfer for public convenience and transfer on own request.  Although transfer on completion of tenure in one office has not been specifically referred to in this rule, yet the transfer on completion of tenure is a transfer for public convenience.  On completion of tenure, the official has to be transferred out for operational reasons.  Therefore, such a transfer is mandatory, while posting to a place of choice is secondary and subject to public convenience.  In view of this posting to a place of choice after completion of full tenure may not be normally termed as a "transfer on own request" under SR-114.      It