Skip to main content

India Post Payment Bank Recruitment: Eligibility & Salary Doubts Answered

By

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Model representation to be submitted to Head of the office for grant of One Increment

By
Model representation to be submitted to Head of the office for grant of One Increment Government servants are aware that the Ministry of Finance and Railways, both have already issued orders for grant of one increment in the pre-revised pay scale to nullify the anomaly in respect of central government employees who were in receipt of pre-revised increment between February 2006 to June 2006. A model representation requesting the concerned head of Office for grant of one increment and drawl of arrears is published below for ready use. MODEL REPRESENTATION FOR GRANT OF ONE INCREMENT From : To, Sir / Madam, ·   Sub: Officers who were due to get heir annual increment between February to June during 2006 – Grant of additional increment as one time measure- Request for sanction and drawal of arrears – Reg. Kind reference is invited to the Ministry of Finance, Department of Expenditure O.M.No.10/02/2011- E.III/A dated 19th March, 2012 wherein all the centra...
Post a Comment
Read more>>

Cabinet approves Implementation of the recommendations of 7th Central Pay Commission

By
  The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the implementation of the recommendations of 7 th  Central Pay Commission (CPC) on pay and pensionary benefits.   It will come into effect from 01.01.2016. In the past, the employees had to wait for 19 months for the implementation of the Commission’s recommendations at the time of 5 th  CPC, and for 32 months at the time of implementation of 6 th  CPC.  However, this time, 7 th  CPC recommendations are being implemented within 6 months from the due date. The Cabinet has also decided that arrears of pay and pensionary benefits will be paid during the current financial year (2016-17) itself, unlike in the past when parts of arrears were paid in the next financial year.  The recommendations will benefit over 1 crore employees. This includes over 47 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh pe...
Post a Comment
Read more>>
By
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...
1 comment
Read more>>