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.