India Post Payments Bank Limited (IPPB) has been setup under the Department of Post, Ministry of Communications with 100% equity owned by Government of India having presence all over India which aims to utilize all of India’s 1,55,015 post offices as access points and 3~Lakh Postmen and Gramin Dak Sewaks (GDS) to provide doorstep banking services. IPPB is leading the next revolution of banking and financial literacy and this new model will pave the way for India’s largest banking network to reach each and every
corner of the nation.
In order to support our future growth and transformation challenges, we invite applications from qualified, energetic and dynamic candidates who will be appointed in Scale II, III, IV, V & VI on Regular/ Contract basis through online application mode in different disciplines as per details given below. Interested candidates who fulfil the eligibility criteria may apply online from 10.09.2022 to 24.09.2022 by visiting our website
www.ippbonline.com. No other mode of application will be accepted.
RECRUITMENT OF VACANCIES (INCLUDING BACKLOG) IN SCALE II, III, IV, V & VI ON REGULAR/CONTRACT BASIS
Advertisement No.: IPPB/HR/CO/RECT./2022-23/02
IMPORTANT DATES:
(i) Opening date for On-line Registration of Applications 10.09.2022 : 10.00 AM
(ii) Last date of On-line Submission of Applications with Fee 24.09.2022 : 11.59 PM
NOTE: Detailed instructions may be referred at the time of applying online application. Candidates in their own interest are advised, not to wait till the last date & time for applying online. IPPB shall not be responsible,
if candidates are not able to submit their applications due to last time rush.
Abbreviations used: MMGS: Middle Management Grade/ Scale, SMGS: Senior Management Grade/ Scale,
TEGS: Top Executive Grade/ Scale, UR: Un-reserved, OBC (NCL): Other Backward Classes (Non Creamy Layer), EWS: Economically Weaker Section, SC: Scheduled Caste, ST: Scheduled Tribe, PWD: Persons with Disability, OC: Orthopedically Challenged, VI: Visual Impairment, HI: Hearing Impairment, PSB: Public Sector Bank, PSU: Public Sector Undertaking.
AGM – Enterprise/ Integration Architect
Minimum Educational
Qualification:
Bachelor of Engineering/
Bachelor of Technology in
Information Technology or
Computer Science/MCA.
Candidate with MBA/ Post
Graduate Degree in
Information Technology or
Computer Science will be given
preference.
The Open Group Architecture
Framework (TOGAF)/ PRINCE2
Certification is mandatory
Post Qualification Experience:
Minimum 12 years of
experience in Officer cadre in
IT as a Technology Architect.
(of which)
3 years in banking/Insurance
industry on Cloud
Architecture/ API frame
work/Open Banking/Micro
Services/Payment Systems
modernization/ SaaS based
software industry is
mandatory
Chief Manager – IT Project Management
Minimum Educational
Qualification:
Bachelor of Engineering/
Bachelor of Technology in
Information Technology or
Computer Science.
Candidate with MBA/Post
Graduate Degree in
Information Technology or
Computer Science will be given
preference.
Note: Project Management
Professional (PMP)
Certification is Mandatory
Post Qualification Work
Experience: Minimum 9 years
of experience in Officer Cadre
in IT.
(of which)
Minimum 5 years of
experience in the Banking or
Financial Services or Insurance
industry is mandatory.
AGM – BSG (Business Solutions Group)
Minimum Educational
Qualification:
MBA in Sales/ Marketing.
Post Qualification Work
Experience:
Minimum 12 years of
experience inofficer cadre in
direct Product
Management/ Development /
Product Technology / Business
Solutions / Project
Management &
Implementation role related
to Core Banking Systems and
Payments systems covering
Card Issuance, Acquiring
and/or relevantproducts like
UPI, AEPS, BBPS,Remittances
should be conversant with
industry grade use cases and
must have handled Fintech
alliances.
Preference will be given to
candidates having direct
exposure/work experiencein in
Banks/Payments network such
as NPCI, MasterCard, Visa,
Fintechs managing the above
mentioned products.
Chief Manager – Retail Products
Minimum Educational
Qualification:
Any Graduate with MBA or
equivalent
Post Qualification Work
Experience:
Minimum 9 years of
experience in Officer Cadre in
a Bank/ Financial Institutions
of which minimum 4 to 5years
in direct Product
Management/Development
role Process, Policies and
SOPs related to Retail/Digital
Banking products like Card
Issuance, Acquiring and/or
payment products like UPI,
AePS, BBPS and Remittances.
Should be conversant with
industry grade use cases and
must have handled Fintech
alliances.
Preference will be given to
candidates having direct
exposure/work experience in
in Banks/Payments network
such as NPCI, MasterCard,
Visa managing the above
mentioned products
Chief Manager – Retail Payments
Minimum Educational
Qualification:
Any Graduate with MBA or
equivalent
Post Qualification Work
Experience:
Minimum 9 years of
experience in Officer Cadre in a
Bank/Financial Institutions of
which minimum 4 to 5 years in
direct Product Management/
Development role process,
policies and SOPS related to
Retail/Digital Banking products
like card issuance, Acquiring
and/or payment products like
UPI, Aeps, BBPS and
Remittances. Should be
conversant with industry grade
use cases and must have
handled Fintech alliances.
Preference will be given to
candidates having direct
exposure in Payment Gateway,
POS Acquiring, UPI, Bharat QR
product offering, direct
experience of managing
Merchant Acquiring & Cards
Product.
Preference will be given to
candidates with work
experience in Banks/Payments
network such as NPCI,
MasterCard, Visa managing the
above mentioned products.
AGM (Operations)
Minimum Educational
Qualification:
Graduate in any discipline.
Note:
1.CAIIB Certification is
preferred.
2.Candidate with Post
Graduate Degree in Finance/
Commerce will be preferred.
Post Qualification Work
Experience:
Minimum 12 years of
experience in Banking
Operations/ Financial
Services/Payment Systems
industry is mandatory.
(of which)
Minimum of 6 years of
experience must be in
heading/managing the
Payment Domain and
Reconciliations.
Senior Manager (Operations)
Minimum Educational
Qualification:
Graduate in any discipline.
Candidate with Post Graduate
Degree in Finance/ Commerce
will be preferred.
Note: CAIIB Certification is
preferred.
Post Qualification Work
Experience:
Minimum 6 years of
experience in banking or
financial Servicesindustry is
mandatory.
(of which)
Minimum 3 years of
experience in managing
branch operations in a Bank
operating in technology
environment is mandatory.
Chief Manager – Fraud Monitoring
Minimum Educational
Qualification:
Graduate in any discipline.
Candidate with Post Graduate
degree in Risk Management is
preferred.
Post Qualification work
Experience:
Minimum 09 years of
experience in Officer grade in
banking/Financial Sector.
(of which)
With at least 05 years of
experience in fraud
monitoring is mandatory.
Note: Forensic audit
experience/Certified
Information Systems Auditor
(CISA) qualified auditor is
preferred.
DGM- Finance & Accounts
Minimum Educational
Qualification:
Chartered Accountant (CA)
from ICAI.
Note:
- CAIIB Certification is
preferred. - MBA (Finance)
from University/
Institution/ Board
recognized by the
Government of India/
International University
of repute (or) approved
by a Government
Regulatory Body, is
preferred. - CFA Certification from
the CFA Institute is
preferred.
Post Qualification Work
Experience:
Minimum 15 years of
experience in Finance and
Accounting department of a
bank is mandatory.
(of which)
05 years should be at senior
management level
Manager (Procurement)
Minimum educational
qualification:
Graduate in any discipline.
Candidate with Post Graduate
Degree in finance/ Commerce
will be preferred.
Post Qualification Work
Experience:
Minimum 03 years of
experience in Officer Cadre is
mandatory.
(of which)
Minimum 02 years of
experience in handling
Procurement of Goods
services in a Government
Organization/Public Sector
Bank/ Public Sector
Undertaking is mandatory
Job description and Minimum Eligibility Criteria for contractual vacancies:-
DGM – Program/Vendor Management
Minimum Educational
Qualification:
Bachelor of Engineering/ Bachelor
of Technology in Information
Technology/ Computer
Science/MCA or equivalent
qualification.
Post Qualification Work
Experience:
Minimum 15 years of relevant
experience is mandatory.
(of which)
Minimum 5 years of experience in
program management / vendor
management in banking/financial
services mandatory at senior
management level.
Chief Compliance Officer
Minimum Educational
Qualification:
Graduate in any discipline.
Note:
CA/CS/MBA Finance/Post
Graduate degree or equivalent is
preferred.
Certified Banking Compliance
Professional by IIBF is preferred.
Post Qualification work
experience:
Minimum 15 years of experience
must be in the banking or financial
services with at least 5 years of
experience shall be in the Audit /
Finance / Compliance / Legal / Risk
Management functions in senior
management level.
Skills – The CCO shall have good
understanding of industry and
risk management, knowledge of
regulations, legal framework and
sensitivity to supervisors’
expectations
Internal Ombudsman
Minimum Educational
Qualification:
Any Graduate.
Post Qualification Experience:
The official should either be a
retired or serving officer not below
the rank of Deputy General
Manager (or equivalent) of any
Scheduled Commercial Bank/
Financial Sector Regulatory Body
other than India Post Payments
Bank.
The official should possess
necessary skills and experience of
minimum seven years of working
in areas such as banking,
regulation, supervision, payment
and settlement systems and/ or
consumer protection.
Selection Process:
a) Selection will be made on the basis of Interview. However, Bank reserves the right to conduct assessment, Group Discussion or Online Test in addition to interview. Merely satisfying the eligibility norms do not entitle a candidate to be called for Interview/Group Discussion or Online Test.
b) IPPB reserves the right to call only the requisite number of candidates for the Assessment/ Interview/ Group Discussion or Online Test after preliminary screening/ short listing with reference to candidates’ qualification, experience, profile vis-a-vis job requirements, etc.
c) Results of the candidates who have qualified for various stages of the recruitment process and the list of candidates finally selected will be made available on the website. Final select list will be published on the website.
Application Fee / Intimation Charges (Non-Refundable)
SC/ST/PWD (Only Intimation charges) INR 150.00 (Rupees One Hundred and Fifty Only)
For all others INR 750.00 (Rupees Seven Hundred fifty Only)
Reservations & Relaxations:
(a) Reservations and relaxations for SC/ ST/ OBC (Non-Creamy Layer) / PWD (Degree of Disability 40%
or above) candidates will be provided as per guidelines of Govt. of India for the purpose.
(b) Age relaxation for Ex-Servicemen category candidates is applicable as per Government of India
guidelines.
(c) The upper age limit is relaxed by 5 years for SC/ST, 3 Years for OBC (Non-Creamy Layer) and 10 years for PWD-UR, 13 years for PWD-OBC (Non-Creamy layer) and 15 years for PWD-SC/ST candidates.
(d) The age of candidates claiming relaxation under point 8 should not exceed 56 years as on 01.09.2022 except for the post of Internal Ombudsman.
(e) The OBC candidates who belong to ‘Creamy Layer’ are not entitled for concession admissible to OBC Category and such candidates have to indicate their category as General.
For Contractual Positions
The Job offers a competitive remuneration package at par with Industrial standards.
For Internal Ombudsman
1) Restricted to lump Sum amount, in any case not more than last month pay & allowances drawn
reduced by pension amount, if any, rounded off to nearest 1000 or 85000/- (Rupees Eighty-five
thousand only) per month, whichever is less.
2) Bank car, if available or an alternate Taxi facility for Official purposes.
3) Postpaid mobile connection as applicable to Deputy General Managers / General Managers.
a) Contractual Posts
i. The period of contract shall be for 3 years and may be extended for a further period of 2 years, after
reviewing performance annually.
ii. All other terms & conditions of employment will be mentioned in the appointment letter/Service
Agreement.
b) Internal Ombudsman
i) The appointment is purely contractual in nature for a fixed term of three years. Internal
Ombudsman shall not be eligible for reappointment or further extension of term.
ii) All other terms and conditions of employment will be mentioned in the appointment
letter/Service Agreement.
Posting: The selected officers will be posted at Corporate Office, New Delhi. However, officer may be posted anywhere in India. Candidates willing to serve anywhere in India should apply.
India Post Payments Bank Limited (IPPB) Recruitment 2022 Click here
India Post Payments Bank Limited (IPPB) Recruitment 2022 Click here
India Post Payments Bank Limited (IPPB) Recruitment 2022 Application Click here