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IPPB RECRUITMENT 2017 NEWS

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IPPB Officer scale I: Job profile, Salary & Work culture

Last Updated - May 09, 2017

IPPB has already begun with the release of the notification by the department of posts. IPPB has 100% government equity. It is headquartered in Delhi and will start operating in 2017.

IPPB has been opened with the objective of increasing financial inclusion across the country. The bank is mainly targeted at people with low income, small businesses and other unorganized sectors who mainly transact in cash and offer them services with a low cost of the transaction.

In this article, we are discussing job profile, pay scale and work culture of IPPB scale I Officer.

IPPB


IPPB Officer scale I Job Profile

IPPB Officers will undergo probation for a period of two years. The intensive training will be given to the candidates during the probation period. After the successful completion training, the selected candidates will be subject to a screening to confirm their posts as IPPB Assistant branch manager. The candidates are then posted to other roles at the discretion of India Post Payments Bank to various branches from time to time.

Responsibilities

IPPB scale I officer having lots of responsibility in their service. They are responsible for the work of many employees. Here, we are discussing the job roles and responsibility of an Assistant manager which are following:

  • Assistant Branch Managers at India Post Payment Bank are responsible for the smooth running of their assigned branch every day. They are supposed to manage the day to day operations.
  • They need to ensure the bank is running as per the rules and regulations set by the RBI.
  • They are in charge of sales of the third- party products such as mutual funds and insurance and ensure profitability without offering loans.
  • The Assistant Managers also need to coordinate the various customer service points.
  • They need to help the bank manager to prepare audit reports periodically.

IPPB Officer Pay Scale

The pay scale for the scale I officer post is Rs. 23,700 to 42,020/- per month. They will be given emoluments such as travel allowances, dearness allowances, city compensatory allowance, leaves, salary as per the rule of IPPB applicable at the time of appointment.

The IPPB Officers will also receive Performance Pay as per the criteria defined by the India Post Payments Bank and are also entitled to retirement and terminal benefits as per IPPB policy.


India Post Payment Bank Work Culture

IPPB Officer work culture is pretty much. It is necessary to understand the expanse of a career you wish to pursue before you pursue it. Candidates have a lot of option at entry level. It is a big opportunity for you to land as an Assistant Manager at IPPB. So, after breaking down the pros and cons, we get:

Pros

  • You will get highly energetic environment. Something new is always up.
  • There is an opportunity to learn the new things, from banking processes to client management.
  • In time, added perks, like transportation cover and assistant to keep you upto speed.

Cons 

  • While handling multiple work assignments, work life can become very busy and filled with activity.
  • Client Relationship gets challenging in Rural Areas due to lack of understanding of banking rules and norms by the people.

Read About IPPB


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