IPPB Application, Eligibility, Selection, Job Queries: The India Post Payments Bank Ltd. has announced over 1700 vacancies this year for the post of an Officer Scale I, II, III. The online registration process for each post has already begun and interested candidates can submit their IPPB Application Form online through the official website. The last date to apply for IPPB Recruitment Exam is 25 October 2016.
Since, IPPB has emerged as a unique new bank this year, many candidates have certain doubts or queries related to IPPB Eligibility, Salary, Pay Scale etc. Therefore, with the help of this article, we will answer some of the frequently asked questions related to IPPB Recruitment 2016.
IPPB Application, Eligibility, Selection, Job Queries
India Post Payments Banks (IPPB) is a newly formed Public Sector Bank established in the year of 2016. IPPB’s primary objective is to provide banking services to common people as well as offer various investment services. A career with India Post Payments Bank is both rewarding as well as challenging. Here is a compilation of answers for some of the most common Eligibility and Job queries for IPPB Recruitment Exam 2016.
1. Is India Post Payments Bank (IPPB) a Public Sector or Private Sector Bank?
Ans. India Post Payments Bank is 100% owned by Government of India through department of posts. Thus, it comes under the category of Public Sector Banks.
2. What is the Age Limit for Manager (Scale II) and Senior Manager (Scale III)?
Ans. The IPPB Age Limit for Manager (Scale II) Position is 26-35 and for Senior Manager (Scale III) Position is 23-35. Candidates should be born not before 02.09.1986 and not later than 01.09.1996 to meet the age requirement for both the positions.
3. I will turn 20 years in the month of January 2017. Am I eligible to apply for Assistant Manager (Scale I) Post?
Ans. No, the age limit fixed for IPPB Recruitment for the position of Assistant Manager is 20-30 years as on September 1 2016. Only those born between 02.09.1986 – 01.09.1996 are eligible to apply for Scale I posts.
4. Is there any age relaxation policy for specific categories of SC/ ST/ OBC?
Ans. Like every other government exam, there is age relaxation for various categories. The relaxation in the upper age limit, according to government norms, are as follows
- SC/ ST: 5 Years
- OBC: 3 Years
- PH: 10 Years
- PH + OBC: 13 Years
- PH + SC/ST: 15 Years
5. My final Semester/ year will be completed in the year of 2017. Am I eligible for any of the posts of IPPB Recruitment Exam?
Ans. No, candidates who have completed their degree by September 1 2016 are only eligible for the exam. Candidates who are awaiting their results are also not permitted to apply for IPPB exam 2016.
6. Is there any experience requirement for Assistant Manager (Scale I) cadre?
Ans. No, there isn’t any specific requirement of work experience for the post of Scale I officer. Freshers are also eligible for the post.
7. How much work experience is required for the posts of Officer Scale II and III?
Ans. There are around 652 scale II and 408 scale III vacancies in IPPB this year. Each post has separate eligibility conditions. As per work experience, candidates should have:
- Manager (Scale II): 3 years experience of working as an assistant manager in any public sector or private bank or similar level in any other organisation.
- Senior Manager (Scale III): Minimum 6 years experience of working as Manager in any public sector or private sector bank or similar level in any other organisation.
8. What is the basic salary of Officers in India Post Payments Bank?
Ans. The Pay Scale for employees in IPPB varies with scale. The basic pay for each of the posts of IPPB is mentioned below:
- IPPB Scale-I Officer – Rs. 23,700 – 42,020
- IPPB Scale-II Officer – Rs. 31,705 – 45,950
- IPPB Scale-III Officer – Rs. 42,020 – 51,490
Approximate monthly salary calculated at the start of the scale exclusive of Dearness Allowance, City Compensatory Allowance & other allowances at “A” Category cities.
9. Do I need to Sign any Service Bond in India Post Payments Bank?
Ans. No, there is not any service bond or agreement for the posts of India Post Payments Bank.
10. How many years do I need to serve for Probation?
Ans. The Probationary Officers will be on probation of two years during which they will be given intensive training. Towards the end of your probation/training period, you will be subjected to a screening process for confirmation.
We hope this article will help you eliminate all the IPPB Job Queries and questions related to IPPB Eligibility and Selection Process. Stay connected for more information regarding IPPB Recruitment 2016. To excel in Bank Examination, download the Best IPPB Exam Preparation App for free.