Advertisement No.: IPPB/CO/HR/RECT./2022-23/05
Advertisement No.: IPPB/CO/HR/RECT./2022-23/05
Advertisement No.: IPPB/CO/HR/RECT./2022-23/05
Corporate Office, Speed Post Centre Building, Bhai Veer Singh Marg, New Delhi -110001
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RECRUITMENT OF VACANCIES (INCLUDING BACKLOG) IN SCALE II, III, IV, V & VI ON REGULAR BASIS
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 in Scale II, III, IV, V & VI on Regular basis through
online application mode in different disciplines as per details given below. Interested candidates who fulfil
the eligibility criteria may apply online from 02.03.2023 to 22.03.2023 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 02.03.2023 : 10.00 AM
(ii) Last date of On-line Submission of Applications with Fee 22.03.2023 : 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: MMGS: Middle Management Grade/ Scale, SMGS: Senior Management Grade/ Scale,
TEGS: Top Executive Grade/ Scale, 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, PSB: Public Sector
Bank, PSU: Public Sector Undertaking.
3. 1. Eligibility Criteria:
The Age and Post Qualification experience as on 01.02.2023 for the posts specified at Point 3 (a) are
prescribed as under:
Age Post Qualification Work
Scale Designation/ Post
(as on 01-02-2023) Experience in Officer Cadre
MMGS-II Manager 23 to 35 years 3 Years
MMGS-III Senior Manager 26 to 35 Years 6 Years
SMGS-IV Chief Manager 29 to 45 Years 9 Years
SMGS-V Assistant General Manager 32 to 45 Years 12 Years
TEGS-VI Deputy General Manager 35 to 55 Years 15 Years
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2. Details of number of regular vacancies (tentative) including backlog reserved vacancies:
Note: Number of vacancies are tentative and may increase or decrease as per requirement of the Bank.
3. (a) Job description and Minimum Eligibility Criteria for regular vacancies:
Function Position Job Description Minimum Eligibility Criteria
Information AGM 1. Provide oversight to day-to-day Minimum Educational Qualification:
Technology (Information operations of technology function, IT Masters /Bachelor of Engineering or
Technology) infrastructure and operations Masters /Bachelor of Technology in
Information Technology or Computer
including directing staff (both in house
Science or Master’s in Computer
and third party), who support Application.
administrative computing,
networking, user services, application Candidates from IIT/NIT/Top rated
development, programming and other Engineering Colleges and having MBA
information technology functions. will be given preference.
2. Define the target architectures, and
Desirable Certifications: The Open
the roadmaps and timescales for
Group Architecture Framework
these architectures to ensure the (TOGAF)/ PRINCE2 / PMP
most effective use of technology and Certification
digital services while delivering the
required business outcomes. Post Qualification Experience:
3. Review and integrate all application Minimum 12 years of experience in
requirements, including functional, Officer grade is mandatory of which
security, integration, performance, minimum of 6 years of relevant
quality and operations requirements. experience in IT operations in
banking (or) electronic payment
Provide input into final decisions
services is mandatory
regarding hardware, network
products, system software and
security.
4. Manage the execution of technical
integration points between various
parties including the group entities
and third parties.
5. Assist CGM (Technology)/ Chief
Technology Officer in managing
technology capex and opex budget.
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Information Chief Manager 1. Develop a detailed project plan to Minimum Educational Qualification:
Technology (Information monitor and track progress, manage Masters /Bachelor of Engineering or
Technology) changes to the project scope, project Masters /Bachelor of Technology in
schedule, and project costs using Information Technology or Computer
appropriate verification techniques. Science or Master’s in Computer
2. Assist in the definition of project scope Application.
and objectives, involving all relevant
stakeholders and ensuring technical Candidates from IIT/NIT/Top rated
feasibility. Engineering Colleges will be
preferred.
3. Ensure that all projects are delivered
on-time, within scope and within
Desirable Certifications: The Open
budget.
Group Architecture Framework
4. Establish and maintain relationships (TOGAF) / PRINCE2 / PMP
with third parties/vendors. Certification
5. Assist the top management by
Providing oversight to day-to-day Post Qualification Work Experience:
operations of various projects and Minimum 9 years of experience in
operations and provide input into final Officer Cadre in IT of which minimum
5 years of experience in the BSFI
decisions regarding hardware,
Sector or IT projects pertaining to
network products, system software Banking sector.
and security.
6. Review and integrate all application
requirements, including functional,
security, integration, performance,
quality and operations requirements.
Products AGM - Business 1. Responsible for end–to-end project Minimum Educational Qualification:
Solution Group management and work towards
delivering simplified solutions and Graduate in any discipline
providing round the clock support to
all users/functional units across the Post Qualification Work
Bank. Experience:
2. Providing technical leadership and
specialist skills during implementation Minimum 12 years of experience
jointly with Product & Technology in officer cadre in direct Product
team. Management/ Development /
3. Job Role will include coordination with Product Technology / Business
various departments/Users, Product Solutions / Project Management &
team, Ops, IT, System Integrators, Implementation role related to Core
Vendors etc. to execute projects as Banking Systems and Payments
per requirement. systems covering Card Issuance,
4. Understanding business requirement Acquiring and/or relevantproducts
and converting into detailed system like UPI, AEPS, BBPS, Remittances
requirements (FSD) for Development, should be conversant with industry
Testing, Implementation. grade use cases and must have
5. Relationship management & handled Fintech alliances.
engagement with appropriate
industry organizations such as NPCI, Preference will be given to
IDRBT, RBI, UIDAI and other such candidates having direct
bodies for product development, exposure/work experience in in
integrations and testing related Banks/Payments network such as
activities. NPCI, MasterCard, Visa, Fintechs
6. The role will also include customer managing the above mentioned
facing activities and technical products.
ownership of major client specific
customization projects.
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7. Act as Gatekeeper for all system
builds, change requests and overall
project management.
8. Continuously evaluate and update the
existing processes with the view of
delivering operational excellence.
9. Prepare user guides and train users on
newly developed systems.
10. Lead a team of team of highly
dedicated professionals working as
Analysts/SMEs who will work towards
delivering simplified solutions. The
position will report in to the Head of
Products for the Bank.
Operations AGM 1. Candidate should be Subject Minimum Educational Qualification:
(Operations) Matter/Domain Expert of Payment Graduate in any discipline.
Systems, Settlement and
Reconciliations Process. Note:
2. Should have sound knowledge and 1.CAIIB Certification is preferred.
expertise in handling Settlement and 2.Candidate with Post Graduate
Reconciliation for various Payment Degree in Finance/ Commerce will be
systems like RTGS, NEFT, UPI, Rupay, preferred.
NFS, POS, AEPS, NACH, CTS, PFMS,
APBS, BBPS, Micro -ATM, NETC, Post Qualification Work Experience:
Insurance related Third Party Products Minimum 12 years of experience in
and other major card schemes. Banking Operations/ Financial
3. Work closely with respective Services/Payment Systems industry
stakeholder (Internal and External) to is mandatory.
manage/resolve Technical /Business
declines, chargebacks, customer (of which)
complaints/ disputes.
4. Timely submission of reports to Minimum of 6 years of experience
various entities like NPCI, RBI, IBA etc. must be in heading/managing the
5. Transition of bank customers from Payment Domain and
Conventional channels to Digital Reconciliations.
channels of the Bank for better
customer experience.
6. Ensuring Regulatory Compliance and
embedding Govt. agenda in all
systems, processes and products.
7. Basic Knowledge in AI/ML and
Automation.
8. Handling of Internal and external
Audits.
9. Ensure timely knowledge sharing and
training digital best practices with
Operations team.
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Risk Chief Manager 1. Support in development of required Minimum Educational
Management (Fraud fraud infrastructure and process to Qualification:
Monitoring) enable internal and regulatory fraud
reporting. Graduate in any discipline.
2. Develop detailed reports and Candidate with Post Graduate
dashboards of fraud monitoring. degree in Risk Management is
3. Co-ordinate with functions to make preferred.
sure the fraud control measures are in
place.
4. Develop key performance indicators Post Qualification Work
for various functions. Experience:
5. Assist in monitoring of fraud risks Minimum 09 years of experience in
related incidents. Officer grade in banking/Financial
6. Report Fraud management system Sector.
alerts.
7. Coordinate with the cross functional
teams for closure of fraud alerts (of which)
generated within the defined SLA’s. With at least 05 years of experience
8. Keep abreast with tools and in Fraud risk management/
technology for management of Operational Risk Management/
operational risk and fraud risk. Transaction monitoring/AML
Monitoring/Implementation of
Fraud/AML/Risk Solutions is
mandatory.
Note: Certified Information Systems
Auditor CISA/ CBFA/CFE/FRM/PRM
qualified auditor is preferred.
Finance DGM 1. Develop the Financial Strategy for Minimum Educational
(Finance & the Bank, and ensure compliance to Qualification:
Accounts) Financial Standards. Chartered Accountant (CA) from
2. Ensure all government regulations ICAI.
and requirements are disseminated
to appropriate personnel and Note:
monitor overall financial and 1. CAIIB Certification is preferred.
reporting compliance for the Bank. 2. MBA (Finance) from
3. Assess organizational financial University/ Institution/ Board
performance against both the recognized by the Government
annual budget and the of India/ International
organization’s long-term strategy. University of repute (or)
4. Develop tools and systems to approved by a Government
provide critical information to the Regulatory Body, is preferred.
CEO to help make 3. CFA Certification from the CFA
recommendations on both strategy Institute is preferred.
and operations.
5. Ensure adherence to appropriate Post Qualification Work
Accounting Policy, processes and Experience:
procedures within the Bank for
ensuring integrity of the financial Minimum 15 years of experience in
statements and compliance with Finance overseeing financial
local (Indian GAAP/RBI) financial operations, preferably accounting
accounting & reporting policies/ and taxation matters in Banks/Large
standards. Corporates/PSUs/Financial
Institutions/ Financial Services
Organizations is mandatory.
(of which)
10 Years should be in banks/
Financial Institutions
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Note: 05 years should be at senior
management level.
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5. Identify gaps in employee’s security Certifications in Cyber Law, Cyber
awareness and procedures and raise a Security certification will be
training need if any. preferred.
6. Develop, update and periodically
manage testing of business continuity
and disaster recovery protocols. Post Qualification Experience:
7. Conduct security audits and make
policy recommendations. Minimum 3 years of experience in IT
8. Triage malware incidents, their in Officer Cadre
priority and the need for escalation.
9. Liaison with various in-house and/or (of which)
third-party teams and ensure
achieving the committed service level 02 years of experience in Security
objectives. Administration function in banking or
10. Track and monitor the Security financial services or insurance
Incidents through the Security and industry is mandatory.
Event monitoring (SIEM) Incident
reports to ensure the all the critical
incidents are addressed.
11. Monitoring of the activity
performed using Privilege id through
PIM activity by engaging with System
Integrator
12. Review and ensure all the critical
devices are communicating with the
SIEM tools for capturing the logs by
checking the reports. Identify and
implement new use cases in SIEM
based on various security threats
13. Review challenge and approve the
access for Privilege id access for the
users and other third party team’s/
admin teams.
14. Review and monitor the vulnerability
reports for proactive closure of the
identified vulnerabilities with in the
stipulated time.
15. Work closely with the internal teams
for completing the tasks pertaining to
regulatory requirements.
5. General instructions for candidates applying for the above mentioned positions:
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e) Wherever percentage (%) of marks is not awarded by the Board/ University/ Institute and only grades
(e.g. GPA /CGPA/CQPI) are awarded, the same should be converted to the exact equivalent
percentage (%) of marks as per the following formula:
• For the purpose of calculating final marks, the aggregate marks of all semesters/ years would be
taken. Rounding of percentage will not be acceptable under any circumstances, hence 60% of
marks and above will only be considered.
On a 10-point scale CGPA/GPA of 6.0 will be considered as 60 %. The fraction of percentage
so arrived will be ignored i.e. 59.9 % will be treated as less than 60%.
f) In case the result of a particular examination is posted on the website of the University / Institute and
web based certificate is issued, then the date of passing will be reckoned from the original document
/ certificate issued and signed by the appropriate authority.
g) Candidates of SC/ST/OBC-NCL category can also apply for Unreserved Post/ vacancy but they cannot
claim any relaxation otherwise applicable for reserved categories.
6. Selection Process:
a) Selection will be made on the basis of Interview. However, Bank reserves the right to conduct
assessment, Group Discussion or Online Test in addition to interview. Merely satisfying the eligibility
norms do not entitle a candidate to be called for Interview/Group Discussion or Online Test.
b) 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.
c) 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.
i. Candidates should ensure their eligibility before paying the fees/applying online.
ii. Application once made will not be allowed to be withdrawn and fee once paid will NOT be refunded
under any circumstances nor can it be held in reserve for any other future selection process.
8. Reservations & Relaxations:
(a) Reservations and relaxations for SC/ ST/ OBC (Non-Creamy Layer) / PWD (Degree of Disability 40%
or above) candidates will be provided as per guidelines of Govt. of India for the purpose.
(b) Age relaxation for Ex-Servicemen category candidates is applicable as per Government of India
guidelines.
(c) The upper age limit is relaxed by 5 years for SC/ST, 3 Years for OBC (Non-Creamy Layer) and 10 years
for PWD-UR, 13 years for PWD-OBC (Non-Creamy layer) and 15 years for PWD-SC/ST candidates.
(d) The age of candidates claiming relaxation under point 8 should not exceed 56 years as on
01.02.2023.
(e) The OBC candidates who belong to ‘Creamy Layer’ are not entitled for concession admissible to OBC
Category and such candidates have to indicate their category as General.
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9. Pay scale and allowances for Regular positions:
Approximate CTC
Scale Basic Pay Scale (in Rs.)
(Per Month)
Scale VII 1,16,120 – 3,220 (4) –1,29,000 3,70,000/-
Scale VI 1,04,240 – 2,970 (4) – 1,16,120 3,27,000/-
Scale V 89,890 – 2,500 (2) – 94,890 – 2,730 (2) – 1,00,350 2,62,000/-
Scale IV 76,010 – 2,220 (4) – 84890 – 2,500 (2) – 89,890 2,21,000/-
Scale III 63,840 – 1,990 (5) – 73,790 – 2,220 (2) – 78,230 1,86,000/-
Scale II 48,170 – 1,740 (1) – 49,910 – 1,990 (10) – 69,810 1,47,000/-
Scale I 36,000 – 1490 (7) – 46,430 – 1,740 (2) – 49,910 – 1,990 (7) – 63840 1,18,000/-
The Cost to Company (CTC) of officers includes other pay and perks, such as Dearness Allowance, City
Compensatory Allowance, Special Allowance, Fixed Personal Pay, Bouquet of Allowance (50% of basic
pay), NPS, Gratuity, HRA/ Leased accommodation etc. as per service rules in force from time to time.
In addition to the above, the officer would be entitled to Performance Pay as per criteria defined by
IPPB from time to time.
10. Posting: The selected officers will be posted at Corporate Office, New Delhi. However, officer may be
posted anywhere in India. Candidates willing to serve anywhere in India should apply.
11. Service Agreement Bond (for regular officers): The selected candidates in scale II & III are required to
serve the company for a minimum period of 36 months. Failure on the part of candidate to serve the
Company for a minimum period of 36 (Thirty-Six) months would be termed as breach of bond
agreement. The candidate will be required to execute a bond of Rs. 2 Lakhs plus applicable GST for the
same at the time of joining.
12. Application Guidelines: A candidate can apply for more than one post by filling separate applications
for each post. Candidates can apply online only from 02.03.2023 to 22.03.2023. No other mode of
application (other than online) will be accepted.
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14. Medical Fitness
Medical Fitness and Character (wherever applicable) verification of selected candidates: The
appointment of selected candidates will be subject to their being declared medically fit by a Doctor or a
panel of Doctors approved by IPPB and upon satisfactory verification of their character, antecedents
(wherever applicable). Till such time, their appointment will be provisional.
16. The management reserves the right to fill or not to fill or partially fill any of the above positions without
assigning any reasons whatsoever. IPPB also reserves the right to cancel / restrict / modify / alter the
recruitment process, if required.
17. Any modifications/ amendments /corrigendum in respect of the above advertisement shall be made
available only on IPPB’s official website. No further press advertisement will be published. Hence
prospective applicants are advised to visit IPPB’s website regularly for this purpose.
18. All correspondence/announcements with respect to above recruitment process shall be done through
e-mail/notices on the company’s website. Important information regarding recruitment will be available
in IPPB website and as such, candidates are advised to visit the same frequently. It is the responsibility
of the candidate to download/print the Admit Card/ Interview Call Letters. Company will not be
responsible for any loss of email sent, due to invalid/ wrong Email ID provided by the candidate or due
to any other reason. Candidate’s E-mail Id and Mobile No. should be valid for at least one year.
19. For any queries related to online application candidates may write on company’s email
id: careers@ippbonline.in.
20. Please go through the detailed instructions before filling online application- Annexure – I.
21. Any dispute with regard to recruitment against this advertisement will be settled within the jurisdiction
of Delhi only.
Chief HR Officer
HR Department
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