Postal Bank Recruitment Notification

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 Executive on contractual basis through online application mode in different disciplines of Sales & Operations Department as per details given below. Interested candidates who fulfil the eligibility criteria may apply online from 15.03.2024 to 05.04.2024 by visiting our website www.ippbonline.com. No other mode of application will be accepted.

 IMPORTANT DATES:

(i) Opening date for On-line Registration of Applications 15.03.2024: 10.00 AM

(ii) Last date of On-line Submission of Applications with Fee 05.04.2024: 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: 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.

Total Posts: 47

CIRCLE-WISE BREAK-UP

Summary of state-wise break-up of 47 vacancies has been tabulated below. However, details of these 47locations are furnished in Annexure-I.

S.No Circle No. of Vacancies

1 Bihar 5

2 Delhi 1

3 Gujarat 8

4 Haryana 4

5 Jharkhand 1

6 Karnataka 1

7 Madhya Pradesh 3

8 Maharashtra 2

9 Odisha 1

10 Punjab 4

11 Rajasthan 4

12 Tamil Nadu 2

13 Uttar Pradesh 11

Total 47

• The candidate will have to apply for vacancy of one Circle only. A candidate applying against vacancy of one Circle will not be eligible to apply against vacancy of any other Circle.

• Candidature of the applicant will be considered only against the vacancies in the Circle for which he/ she has applied/ opted. Merit list will bedrawn Circle wise. 

• Selected candidates will be posted in the Circle against which they have applied and are selected

2. Job description and Minimum Eligibility Criteria:

Position Job Description Minimum Eligibility 

Criteria Executive • Achievement of Monthly revenue targets through direct 

salesof Bank’s products.

• Support in organizing customer acquisition events and run campaigns in the area under Branch/ Office jurisdiction to increase financial literacy.

• Conduct periodic training and education sessions for GDS

on IPPB products and services.

• Operate seamlessly with DoP Inspectors (Sub-division) and 

Postmasters to drive IPPB and 3rd Party sales.

• Assist GDS in acquiring new customers for IPPB and its 

Partner Organizations. Assist IPPB Manager in Operations.

• Acquire, grow and retain customer relationships by 

organizing customer events and run campaigns in the area 

to increase financial literacy.

• Develop and manage the strategic relationship with all 

channel partners to drive sales and disseminate marketing 

information, events, training and promotions which will facilitate meeting the Bank's business goals.

Any other duties assigned by the Bank from time to time.

Minimum Educational  Qualification:

Graduate in any discipline 

Note: First preference will be given to candidate withMBA(Sales/Marketing).Post qualification work experience:Fresher

Note: The candidate with prior experience in  sales/operations of financial products will be desirable.

Period of Contract:

The contract would be initially for a period of 

01 year and this may be reviewed for extension on Year-to-Year basis for a further period of 02 years, subject to satisfactory performance. The Maximum duration of this contract would be three (3) years.

Selection Process: 

a) Selection will be made on the basis of marks obtained in the graduation/Group 

Discussion/Personal Interview. However, Bank reserves the right to select the candidate only on the basis of marks obtained in the graduation/MBA (Mktg./Sales) and or conduct online test/Group Discussion. Merely satisfying the eligibility norms do not entitle a candidate to be called for Interview/Group Discussion or Online Test.

b) In the event of two or more candidates having obtained the same score in selection process, merit order shall be decided as per the date of birth of the candidates.

c) 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.

d) 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.

Pay and allowances:

a) The Bank shall pay a lump sum amount of ₹30,000/- (rupees thirty thousand only) per month inclusive of statutory deductions.

b) Tax deductions will be done as per Income Tax Act, considering the amendments from time to time.

c) Annual increment of lump-sum pay and incentives based on performance in business 

acquisition/sales activities as decided by the Competent Authority from time to time.

d) Further, it is clarified that no other pay/allowances/bonus etc. shall be paid except those mentioned above.

Complete Notification

Apply Here