India Post Payments Bank Limited (IPPB), a fully-owned subsidiary under the Department of Posts, Ministry of Communications, invites applications from dynamic, qualified, and experienced professionals for various managerial roles. This prestigious recruitment offers an exciting opportunity for candidates looking to excel in the banking sector. Here’s all you need to know about the IPPB Manager Recruitment 2025, including eligibility criteria, application process, selection procedure, and more.
Key Highlights of IPPB Manager Recruitment 2025
1. Number of Vacancies
IPPB is offering 07 managerial posts, both on a regular and contractual basis. The vacancies are available across various scales and departments, with detailed reservations for different categories. Below is the breakdown:
Regular Positions
| Scale | Designation | Vacancies | Reservation |
|---|---|---|---|
| VI | Deputy General Manager (Finance/CFO) | 1 | OBC-NCL: 1 |
| VII | General Manager (Finance/CFO) | 1 | UR: 1 |
| V | Assistant General Manager (Technology) | 1 | OBC-NCL: 1 |
| III | Senior Manager (Products & Solutions) | 2 | OBC-NCL: 1, ST: 1 |
| III | Senior Manager (Information Systems) | 1 | UR: 1 |
Contractual Positions
| Designation | Vacancies | Reservation |
|---|---|---|
| Chief Compliance Officer | 1 | OBC-NCL: 1 |
| Chief Operating Officer | 1 | SC: 1 |
2. Important Dates
Mark these key dates on your calendar to avoid missing out:
- Start Date for Online Application: 10th January 2025 (10:00 AM)
- Last Date for Application Submission: 30th January 2025 (11:59 PM)
3. Eligibility Criteria
A. Age Limit (as of 01.01.2025)
- Senior Manager (MMGS-III): 26–35 years
- Assistant General Manager (SMGS-V): 32–45 years
- Deputy General Manager (TEGS-VI): 35–55 years
- General Manager (TEGS-VII): 38–55 years
For contractual positions:
- Chief Compliance Officer and Chief Operating Officer: 38–55 years
Age Relaxation: Government norms apply:
- SC/ST: +5 years
- OBC (Non-Creamy Layer): +3 years
- PWD: +10 years (UR), +13 years (OBC), +15 years (SC/ST)
B. Educational Qualifications
Candidates must hold a full-time Degree/Postgraduate Degree or Professional Qualifications such as CA/CS/ICWA, recognized by AICTE, UGC, or other relevant authorities.
Minimum Marks: 60% aggregate for most qualifications.
C. Work Experience
Applicants should meet the following post-qualification officer cadre experience requirements:
| Scale | Designation | Experience |
|---|---|---|
| MMGS-III | Senior Manager | 6 years |
| SMGS-V | Assistant General Manager | 12 years |
| TEGS-VI | Deputy General Manager | 15 years |
| TEGS-VII | General Manager | 18 years |
5. Selection Process
IPPB employs a rigorous selection process to identify the most suitable candidates:
- Shortlisting: Based on qualifications and experience.
- Interview: The primary evaluation stage.
- Additional Rounds (if required): Online tests, group discussions, or assessments.
6. Compensation and Benefits
Regular Positions
Selected candidates will receive attractive pay scales and benefits, including:
- Scale VII: ₹1,56,500 – ₹1,73,860; Approx. CTC: ₹4,36,271/month
- Scale VI: ₹1,40,500 – ₹1,56,500; Approx. CTC: ₹3,91,408/month
- Scale V: ₹1,20,940 – ₹1,35,020; Approx. CTC: ₹3,16,627/month
- Scale III: ₹85,920 – ₹1,05,280; Approx. CTC: ₹2,25,937/month
Contractual Positions
Competitive pay packages aligned with industry standards.
7. Bond Agreement
Candidates selected for regular positions at Scale III must sign a Service Bond worth ₹2,00,000 (+ GST), committing to serve IPPB for at least 36 months.
8. Why Join IPPB?
IPPB offers a unique opportunity to contribute to India’s financial inclusion journey. With a blend of cutting-edge technology, extensive reach, and a commitment to transforming lives, a career with IPPB promises professional growth and personal satisfaction.
