India Post Payments Bank Limited
(A wholly owned undertaking of the Department of Posts, Govt. of India)
Post Box No: 760, Speed Post Centre, Market Road, Bhai Veer Singh Marg
New Delhi – 110 001
Deputation/Foreign Service of regular employees from DoP
and Engagement of GDSs to IPPB
|Applicable only for the DoP
employees and GDSs presently
engaged with DoP.
India Post Payments Bank Limited (“IPPB”) was incorporated as a company on August 17, 2016 under The Companies Act, 2013, with 100% equity from the Department of Posts (DoP), Ministry of Communications, and as a payments banking company under Section 22 (1) of the Banking Regulation Act, 1949. Subsequently, on grant of final license of Payments Bank by the Reserve Bank of India (RBI) on January 20, 2017, the DoP has already commenced operations of IPPB on January 30, 2017 with two branches at Ranchi and Raipur. It plans to set up 650 branches co-located at District Headquarter Post Offices by March 31, 2018.
IPPB is visualized as a vehicle of financial inclusion that would complement the existing banking, financial services and payments network in the country to improve overall efficiency, accessibility and convenience in delivery of banking services including Direct Benefits Transfer and social security payments. It aspires to help solve some of the country’s biggest challenges in financial inclusion and ease the burden on our banking network to allow them more time to focus on their priority and core activities.
IPPB, as an organization, is designed to leverage the field network of the DoP and is required to carry out its sales and operations through the workforce of the DoP. IPPB will be responsible for designing the products and services, defining the technology and service delivery platforms, undertaking marketing and third-party tie-ups, setting and monitoring the service quality standards, handling customer grievances, managing the risks of the banking operations, and dealing with statutory and regulatory compliances, etc.
The Postal Services Board acknowledged that the success of IPPB hinges significantly on its ability to leverage field-level resources of DoP. In this context, it is imperative, especially in the initial stages, that the persons who are acting on behalf of IPPB at the field level, have a strong understanding of DoP as an organization. The Postal Services Board agreed that manpower requirement at various levels of IPPB, especially at branch level, may be partly met through deputation/foreign service/engagement from DoP. Further, the Board of IPPB approved manpower numbers to be placed on deputation/foreign service/engagement from DoP and respective selection pool. The staff engaged on deputation/foreign service/engagement to IPPB will play a key role in coordinating and managing the Business Correspondent arrangement between DoP and IPPB.
IPPB needs about 1150 employees on deputation/foreign service/engagement from the DoP to perform various roles at the Branches. Eligible and willing regular employees/Gramin Dak Sevaks could respond as per deputation/foreign service/engagement terms annexed in the notification. They may apply online by logging on to the website https://www.ippbonline.net/ Before applying candidates are advised to ensure that they fulfill the stipulated eligibility criteria otherwise their application will be summarily rejected.
The important dates are as follows:
|On-line registration including Edit/
Modification of Application by candidates
|December 15, 2017 to January 05, 2018|
|Online Payment of Application Fees||December 15, 2017 to January 05, 2018|
|Download of Admit cards for online
|January 12, 2018|
|Date of Online Examination (tentative)||January 20, 2018 – for Manager (Area
Sales) and for Asst Manager (Area
January 21, 2018 – for Territory Officer
|Pay scale at IPPB|
|1.||II||Manager – Area
|31,705 – 1,145 (1) –
32,850 – 1,310 (10) –
Manager – Area
|23,700 – 980 (7) –
30,560 – 1,145 (2) –
32,850 – 1,310 (7) –
|3.||Below Scale I||Territory Officer||650||IPPB
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