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IPPB 2016-17 Invites Applications for Deputation from PSB – Corporate Roles

Last Updated - May 09, 2017

India Post Payments Bank Limited, IPPB Recruitment invites online application from qualified candidates who will be appointed in Deputation from PSB (Public Sector Banks) – Corporate Roles. Interested candidates who fulfill the eligibility criteria may apply online by visiting the IPPB official website before the latest by October 19, 2016, and no other mode of application will be accepted.

 IPPB Recruitment 2016 for CEO & MD, Last Date for Registration October 14, 2016  Apply Now

IPPB 2016-17 Deputation from PSB – Corporate Roles Posts and Vacancies

IPPB 2016-17 application process has already been started. We inform all the candidates about the Important Schedule for IPPB Deputation from PSB – Corporate Roles post that they need to keep track on. The last date to apply for the IPPB Vacancy is October 19, 2016. Hence, for the aspirants we have provided them with the table containing all the information regarding the posts from Public Sector Banks to be placed on deputation at the Corporate Office in Delhi.

#FunctionRoleVacanciesScale
1OperationsGM (Branch Operations)1TEGS – VII
2OperationsDGM (Back Office Operations)1TEGS - VI
3Risk and ComplianceDGM (Legal)1TEGS- VI
4Risk and ComplianceDGM (Operational Risk and Fraud)1TEGS - VI
5Risk and ComplianceDGM (Regulatory Compliance)1TEGS - VI
6FinanceDGM (Accounts)1TEGS – VI
7FinanceDGM (Treasury)1TEGS - VI
8FinanceAGM (Financial Planning & Budgeting)1SMGS – V
9FinanceAGM (Regulatory Reporting)2SMGS – V
10FinanceChief Manager (Taxation)1SMGS – IV
11FinanceChief Manager (Procurement)1SMGS – IV
12FinanceChief Manager (Book Keeping & Accounting)3SMGS - IV
13ProductDGM (Government Products)1TEGS - VI
14ProductChief Manager (Retail Products)1SMGS – IV
15ProductChief Manager (Merchant Products)1TEGS – VI
16MarketingChief Manager (Public Relations)1SMGS – IV
17HR and AdministrationChief Manager (Administration)1SMGS - IV
18HR and AdministrationAGM (Human Resource Development)1SMGS – V
19Internal AuditAGM (Internal Audit)1SMGS - V
20SalesAGM (Sales Reporting)1SMGS – V
21TechnologyDGM (Program/ Vendor Management)1TEGS – VI
 Total24 

Pay and Allowances for the Posts on deputation

IPPB’s Pay Scales are likely to be same as that of Public Sector Banks. The likely various allowances and benefits are as under:

  • DA, CCA, Fixed Personal Pay and Special Pay in line with 10th bipartite agreement of PSBs
  • HRA / Housing Allowance in line with State Banks
  • Other general allowances and benefits: up to 50% of Basic as a bouquet of Allowances

If the individual retains Parent Organization’s Pay and Allowances, then deputation allowance will be paid.

 IPPB Recruitment 2016 for Scale I Officers, Last Date for Registration October 25, 2016  Apply Now

IPPB 2016-17 Deputation from PSB – Corporate Roles Job Specifications

The Age, Qualification, and Experience are required for the for the post of IPPB Deputation from PSB – Corporate Roles are prescribed as under:

DepartmentNumber of VacanciesEligibilityAge Limit
Operations2Minimum 15 years of experience in bank Operations35 years to 50 years
Risk and Compliance3Minimum 6 years of experience in legal matters related to Banks or Financial Services is mandatory.35 years to 50 years
Finance10Minimum 9 years of experience is Mandatory or Minimum 3 years of experience handling accounts function of a bank or one level below the head of the accounts function in a Bank is mandatory.29 years to 50 years
Product3Minimum 9 years of total experience in Banking/ Financial Institutions is mandatory or Minimum 3 years of experience in retail product development for Banks/ Financial Institution is mandatory.29 years to 50 years
Marketing1Minimum 9 years of experience is Mandatory or Minimum 3 years of experience in handling Public Relations in a Bank is mandatory.29 years to 50 years
HR and Administration2Minimum 9 years of experience is Mandatory or Minimum 5 years of experience in managing administration in Banking or Financial Services or Insurance Sector is mandatory.29 years to 50 years
Internal Audit1Minimum 12 years of relevant experience in internal audit is mandatory or Minimum 5 years of experience in the Internal Audit function in banking or financial services or insurance industry is mandatory.32 years to 50 years
Sales1Minimum experience of 12 years’ is Mandatory or Minimum relevant experience of 3 years’ in sales function of Banking or Financial Sector is mandatory.32 years to 50 years
Technology1Minimum 15 years of experience is Mandatory or Minimum 6 years of relevant experience in IT project management in Banking/ Financial Services is mandatory.35 years to 50 years
 IPPB Recruitment 2016 for Scale II-III Officers, Last Date for Registration 1st November, 2016  Apply Now

Age Relaxation

  • For SC/ST Candidates: 5 years
  • For OBC Candidates: 3 years
  • For PWD Candidates: 10 years
  • For Persons ordinarily domiciled in the State of Jammu & Kashmir during the period 1-1- 80 to 31-12- 89: 5 years
  • For Ex-servicemen: Ex-administration Commissioned Officers, including ECOs/SSCOs, who have rendered no less than 5 years’ military benefit and have been discharged on finish of task (counting those whose task is expected to be finished inside one year from the last date for receipt of applications) generally than by method of dismissal or discharge by virtue of misconduct or inefficiency or by virtue of physical disability inferable to military administration or on invalidment - 5 years
  • For Persons affected by 1984 riots: 5 years
 IPPB Recruitment 2016 for Scale IV-VI Officers, Last Date for Registration October 25, 2016  Apply Now

IPPB 2016-17 Deputation from PSB – Corporate Roles Selection Process

IPPB selection process will consist of the following steps:

  • Preliminary examination
  • Main examination
  • Interview

The result of the applicants who have qualified for different phases of the recruitment procedure and the list of applicants at long last selected will be made accessible on the IPPB's site. The final select list will be revealed on the IPPB's site.

 IPPB Recruitment 2016 for Scale VII Officers, Last Date for Registration October 19, 2016  Apply Now

IPPB 2016-17 Deputation from PSB – Corporate Roles Application Process

Candidates can apply online only by October 19, 2016, and no other mode of application will be accepted.

Steps for IPPB Procedure for Applying Online

1. Visit the official website of IPPB.

2. Click on the link “Click here to apply online for Deputation from PSB – Corporate Roles Posts”.

3. Enter the required credentials and click on “submit button”.

4. After submitting the details, a registration number, and a password will be received via SMS or on valid email ID.

5. During subsequent login, candidates need to click on the EXISTING USER and log in with the registered email id and unique password.

6. Now, candidates are required to upload their signature and photograph as per the IPPB specifications.

7. Candidates are advised to fill the online application process carefully.

8. Prior to submission of the online application, candidates are advised to use the “SAVE AND NEXT” facility to verify the details in the online application form.

9. No change is permitted after clicking on FINAL SUBMIT button.

 IPPB Recruitment 2016 for CTO, Last Date for Registration October 19, 2016  Apply Now

Requirement of Employees on Deputation from Public Sector Banks

Terms of Deputation –

  1. Relaxations in eligibility criteria can be considered on a case to case basis.
  2. The Registered Office of IPPB would be at Delhi.
  3. The period of deputation would be for 3 years and the same may be extended if required.
  4. Total number of employees required on deputation at various scales: 24
  5. The applicants are advised to specify the subject line of e-mail as “Application of Mr. /Ms.…………… of …………. Bank for …………………… role.
  6. Applicants are also advised to caption / name the file with their personal name, grade, and bank in which they are currently working for easy identification.
  7. Interested employees may respond with their CVs latest by October 9, 2016, to the following e-mail ID: pbi-project@gov.in and send the hard copies of the same through the proper channel of respective banks to the following address:

Ms. Madhumita Das

India Post Payments Bank Limited

Post Office, Speed Post Centre Building,

Market Road, New Delhi -110 001

  1. The hard copies of the CVs should reach the above address from the respective Banks by October 19, 2016, along with their vigilance clearances.
  2. All applicants shall go through a selection process conducted by IPPB.
  3. IPPB may request for copies of performance appraisal for last three years on the need to know basis. The copies may be sent through the proper channel of respective banks.

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