India Post Payments Bank Limited (IPPB) has announced its recruitment drive for 2025, inviting applications for several prestigious positions, including Senior Manager, Assistant General Manager, Deputy General Manager, General Manager, Chief Compliance Officer, and Chief Operating Officer. These roles are available in various scales, ranging from Scale III to Scale VII, and are offered on both regular and contractual bases. The selected candidates will be posted at the Corporate Office in New Delhi, with the possibility of transfers across India.
Vacancy Details:
The recruitment drive encompasses a total of seven vacancies distributed across different departments and positions:
| Department | Position | Vacancies |
|---|---|---|
| Finance Department | Deputy General Manager (DGM) – Finance/CFO (Scale VI) | 1 |
| General Manager (GM) – Finance/CFO (Scale VII) | 1 | |
| Technology Department | Assistant General Manager (AGM) – Program/Vendor Management (Scale V) | 1 |
| Product Department | Senior Manager (Products & Solutions) (Scale III) | 2 |
| Internal Audit Department | Senior Manager (Information System Auditor) (Scale III) | 1 |
| Compliance Department | Chief Compliance Officer (Scale VII) | 1 |
| Operations Department | Chief Operating Officer (Scale VII) | 1 |
Remuneration:
| Position | Approximate CTC | Basic Pay |
|---|---|---|
| Senior Manager (Scale III) | ₹22,59,370 per annum | ₹85,920 – ₹99,320 |
| Assistant General Manager (Scale V) | ₹27,77,000 per annum | ₹1,20,000 – ₹1,40,000 |
| Deputy General Manager (Scale VI) | ₹33,00,000 per annum | ₹1,50,000 – ₹1,70,000 |
| General Manager (Scale VII) | ₹40,00,000 per annum | ₹1,80,000 – ₹2,00,000 |
| Chief Compliance Officer (Scale VII) | ₹40,00,000 per annum | ₹1,80,000 – ₹2,00,000 |
| Chief Operating Officer (Scale VII) | ₹40,00,000 per annum | ₹1,80,000 – ₹2,00,000 |
The Cost to Company (CTC) includes various allowances and benefits such as Dearness Allowance, City Compensatory Allowance, Special Allowance, Fixed Personal Pay, Bouquet of Allowance (50% of basic pay), NPS, Gratuity, HRA/Leased accommodation, and Mediclaim Facility, as per the service rules in force.
Age Limit:
The age limits for the respective positions are as follows:
Senior Manager: 26 to 35 years
- Assistant General Manager: 32 to 45 years
- Deputy General Manager: 35 to 55 years
- General Manager: 38 to 55 years
- Chief Compliance Officer: 38 to 55 years
- Chief Operating Officer: 38 to 55 years
Qualification and Experience:
Candidates must possess the following qualifications and experience:
Senior Manager (Products & Solutions):
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Qualification: Full-time MBA or Post Graduate Diploma in Management (PGDM) with specialization in Marketing or Finance from a recognized university or institution.
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Experience: Minimum of 5 years in product management, marketing, or related fields in the banking or financial services industry.
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Assistant General Manager (Program/Vendor Management):
- Qualification: Full-time MBA or Post Graduate Diploma in Management (PGDM) with specialization in Operations or Project Management from a recognized university or institution.
- Experience: Minimum of 8 years in program or project management, vendor management, or related fields in the banking or financial services industry.
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Deputy General Manager (Finance/CFO):
- Qualification: Chartered Accountant (CA) or Cost Accountant (CMA) or MBA in Finance from a recognized university or institution.
- Experience: Minimum of 12 years in finance, accounting, or related fields, with at least 5 years in a leadership role in the banking or financial services industry.
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General Manager (Finance/CFO):
- Qualification: Chartered Accountant (CA) or Cost Accountant (CMA) or MBA in Finance from a recognized university or institution.
- Experience: Minimum of 15 years in finance, accounting, or related fields, with at least 7 years in a senior leadership role in the banking or financial services industry.
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Chief Compliance Officer:
- Qualification: Graduate in any discipline from a recognized university or institution. Post Graduate qualification in Law or Finance is desirable.
- Experience: Minimum of 15 years in compliance, legal, or related fields, with at least 5 years in a leadership role in the banking or financial services industry.
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Chief Operating Officer:
- Qualification: Graduate in any discipline from a recognized university or institution. Post Graduate qualification in Management is desirable.
- Experience: Minimum of 15 years in operations, project management, or related fields, with at least 5 years in a leadership role in the banking or financial services industry.
Application Fee:
SC/ST/PWD candidates: ₹150
All other candidates: ₹750
The application fee is non-refundable and must be paid online during the application process.
Selection Process:
The selection process for IPPB Recruitment 2025 involves:
1. Shortlisting of Applications: Based on the eligibility criteria and the information provided in the application form.
2. Interview: Shortlisted candidates will be called for an interview. The Bank reserves the right to conduct additional assessments, such as a Group Discussion or Online Test, if deemed necessary.
Merely satisfying the eligibility norms does not entitle a candidate to be called for the Interview/Group Discussion or Online Test.
Tenure:
The selected candidates will be appointed on a contract basis for a period of three years, with the possibility of a two-year extension based on annual performance assessments.
Important Dates:
Opening date for Online Registration of Applications: January 10, 2025, 10:00 AM
Last date for Online Submission of Applications with Fee: January 30, 2025, 11:59 PM
How to Apply:
Interested and eligible candidates can apply online through the official IPPB website:
1. Visit the Official Website: Go to www.ippbonline.com.
2. Navigate to Careers: Click on the 'Careers' link available on the homepage.
3. Select the Desired Post: Choose the position you wish to apply for.
4. Fill the Application Form: Complete the online application form with accurate details.
5. Upload Documents: Upload scanned copies of your photograph, signature, and relevant educational documents.
6. Pay the Application Fee: Pay the applicable fee online.
7. Submit the Application: Review all details and submit the application form.
Ensure that you have a valid personal email ID and mobile number for communication purposes.
Download official notification
FAQs:
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What is the last date to apply for IPPB Recruitment 2025?
The last date for online submission of applications is January 30, 2025, 11:59 PM.
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Is there an application fee for IPPB Recruitment 2025?
Yes, the application fee is ₹150 for SC/ST/PWD candidates and ₹750 for all other candidates.
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What is the selection process for IPPB Recruitment 2025?
The selection process includes shortlisting of applications followed by an interview. The Bank may also conduct additional assessments like a Group Discussion or Online Test.
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What is the tenure for the selected candidates?
The tenure is three years, with a possibility of a two-year extension based on annual performance assessments.
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Where will the selected candidates be posted?
The selected candidates will be posted at the Corporate Office in New Delhi, with the possibility of transfers across India.
Conclusion:
The IPPB Recruitment 2025 offers a significant opportunity for professionals seeking to contribute to the growth of India's postal payment system. Interested candidates are encouraged to review the eligibility criteria carefully and submit their applications within the specified timeline.
Disclaimer:
The information provided in this article is based on the official notification released by IPPB. Candidates are advised to refer to the official notification for detailed information and any updates. The organization reserves the right to modify the recruitment process or criteria at its discretion.
For more information, please visit the official IPPB website: www.ippbonline.com