The India Post Payment Bank notification was released on September 2022. The notification gave details admit card, eligibility, application details etc. This article at length will give details about them all along with the link to download the notification

About Indian Post Payment Bank

India Post Payments Bank, abbreviated as IPPB, is a division of India Post which is under the ownership of the Department of Post, a department under Ministry of Communications of the Government of India. Opened in 2018, as of January 2022, the bank has more than 5 crore customers.

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

Candidates preparing for the Bank exams can find the following links useful

IPPB Recruitment Exam Recruitment

The main purpose of releasing the IPPB Recruitment Exam Notification is to make a candidate familiar with the recruitment process, exam dates, selection process, eligibility criteria, salary etc for that respective examination.

Candidates must note that the number of vacancies released for the IPPB Recruitment Exam recruitment is not many which makes cracking the exam even tougher.

IPPB Recruitment Exam Notification

The official IPPB Recruitment Exam notification is released on the Indian Bank website where candidates can download the notification and go through the eligibility details and important dates and then accordingly apply online for the exam.

There are certain things that a candidate needs to keep in consideration while he/she is going through the official notification:

  1. Check the eligibility criteria thoroughly and make sure that you apply for the exam only if you fulfill the eligibility
  2. Ensure that you complete the application process on or before the last date to apply online for the IPPB Recruitment Exam
  3. Go through the syllabus and exam pattern carefully and check for any changes or variations in the pattern of the examination

It is important that every applicant checks the IPPB Recruitment Exam notification carefully before they apply online for the examination as with the increasing competition, the conducting bodies tend to make changes in the recruitment process every year.

India Post Payment Bank Notification-Download PDF Here

IPPB Eligibility Requirements 2022

The eligibility criteria fro each is based on the following:

  1. Age (as on as on 01-09-2022)
  2. Post Qualification Work Experience in Officer Cadre
  3. Minimum Educational Qualification

Each position have their own eligibility criteria which will be explained in detail:

Post Qualification Work Experience and Age Criteria for Indian Post Payment Bank
Post/ Designation Age

(as on 01-09-2022)

Post Qualification Work Experience in Officer Cadre
Manager 23 to 35 years 3 Years
Senior Manager 26 to 35 Years 6 Years
Chief Manager 29 to 45 Years 9 Years
Assistant General Manager 32 to 45 Years 12 Years
Deputy General Manager 35 to 55 Years 15 Years
DGM – Program/Vendor Management 35 to 55 Years 15 Years
Chief Compliance Officer 38 to 55 Years 15 Years
Internal Ombudsman Not more than 65 years —–

The above designations were for the officer cadre. The job description and the minimum educational qualification for regular vacancies are as follows:

Job description and Minimum Eligibility Criteria for regular vacancies in Indian Post Payment Bank 2022
Functions Position Job Description Minimum Eligibility Criteria
Information Technology AGM

(Enterprise/

Integration

Architect)

1. Define the target architectures, and the

roadmaps and timescales for these

architectures to ensure the most effective use

of technology and digital services while

delivering the required business outcomes.

2. Review and integrate all application

requirements, including functional, security, integration, performance, quality and operations requirements.

Provide input into

final decisions regarding hardware, network products, system software and security.

3. Will work on Target Architecture for digital

banking and insurance services using Micro services, API framework, Dev Ops, Cloud Native.

4. Validate & oversee the system integration plan

created together with the Solution Architect,

head Program Manager and Product teams.

5. Manage the execution of technical integration points between various parties including the

group entities and third parties

1. Bachelor of Engineering/Bachelor of Technology in

Information Technology or Computer Science/MCA. Candidate with MBA/ Post Graduate Degree in

Information Technology or Computer Science will be given preference.

2. The Open Group Architecture Framework (TOGAF)/ PRINCE2 Certification is mandatory.

3. Minimum 12 years of experience in Officer cadre in IT as a Technology Architect. (of which)

3 years in banking/Insurance industry on Cloud

Architecture/ API frame work/Open Banking/Micro

Services/Payment Systems modernization/ SaaS based software industry is mandatory.

Information Technology Chief Manager

(IT Project

Management)

1. Develop a detailed project plan to monitor and track progress.

2. Manage changes to the project scope, project schedule, and project costs using appropriate verification techniques.

3. Assist in the definition of project scope and objectives, involving all relevant stakeholders and ensuring technical feasibility.

4. Ensure that all projects are delivered on-time, within scope and within budget.

5. Establish and maintain relationships with third parties/vendors.

6. Manage a team of IT managers

1. Bachelor of Engineering/ Bachelor of Technology in Information Technology or Computer Science.

2. Candidate with MBA/Post Graduate Degree in Information Technology or Computer Science will be given preference.

Note: Project Management Professional (PMP)

Certification is Mandatory Post Qualification Work Experience: Minimum 9 years of experience in Officer Cadre in IT. (of which)

3. Minimum 5 years of experience in the Banking or Financial Services or Insurance industry is mandatory

Products AGM –

Business

Solution Group

Responsible for end–to-end project

management and work towards delivering

simplified solutions and providing round the

clock support to all users/functional units

across the Bank.

2. Providing technical leadership and specialist

skills during implementation jointly with Product & Technology team.

3. Job Role will include coordination with various departments/Users, Product team,

Ops, IT, System Integrators, Vendors etc. to execute projects as per requirement.

4. Understanding business requirement and converting into detailed system requirements

(FSD) for Development, Testing, Implementation

5. Relationship management & engagement

with appropriate industry organizations such as NPCI, IDRBT, RBI, UIDAI and other such

bodies for product development, integrations and testing related activities.

6. The role will also include customer facing activities and technical ownership of major client specific customization projects.

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.

Minimum Educational

Qualification:

MBA in Sales/ Marketing. Post Qualification Work

Experience:

Minimum 12 years of experience in officer cadre in direct Product Management/ Development / Product Technology / Business Solutions / Project

Management & Implementation role related to Core Banking Systems and Payments systems covering Card Issuance, Acquiring and/or relevant products like UPI, AEPS, BBPS, Remittances should be conversant with industry grade use cases and must have handled Fintech Alliances.

Preference will be given to candidates having direct exposure/work experience in in

Banks/Payments network such as NPCI, MasterCard, Visa, Fintechs managing the above mentioned products

Products Chief Manager

– Retail

Products

Define and implement the Bank’s vision for

Customer engagement through the development of relevant and innovative product.

2. Responsible for designing and developing the

IPPB retail product offering covering various Products such as IMPS, UPI, AEPS, BBPS,

Prepaid Cards, Remittances (Domestic &

International), Bharat QR

3. Manage the product development lifecycle by working closely with other members in the

product & sales teams and ongoing upgrades and improvisations.

4. Direct responsibility to manage the Product

P&L for the Bank for portfolio of existing &

future products assigned.

5. Relationship management and engagement

with payment networks/industry

bodies/regulators such as NPCI, MasterCard,

Visa, RBI amongst others.

6. Support research, market evaluations,

customer feedback assimilation, industry

trends to continuously identify opportunities

for evolving and refining the product.

7. Continuously evaluate and update the existing processes with the view of delivering

Operational excellence.

8. Comprehend the customer insights to make informed decisions about the existing product portfolio and as an input into the

new product development.

Execute

analytical/modelling scenarios using

appropriate tools and with reasonable

assumptions (e.g., business cases, synergy

estimations, workforce planning)

9. Develop product offerings and engagement

model that transcend the full range of

customers from urban to rural.

Minimum Educational Qualification:

Any Graduate with MBA or equivalent Post Qualification

Work Experience:

Minimum 9 years of experience in Officer Cadre in a Bank/ Financial Institutions of which minimum 4 to 5years in direct Product Management/Development role Process, Policies and SOPs related to Retail/Digital Banking products like Card Issuance, Acquiring and/or payment products like UPI, AePS, BBPS and Remittances.

Should be conversant with industry grade use cases and must have handled Fintech alliances. Preference will be given to candidates having direct exposure/work experience in in Banks/Payments network such as NPCI, MasterCard, Visa managing the abovem entioned products

Operations AGM (Operations) 1. Candidate should be Subject Matter/Domain

Expert of Payment Systems, Settlement and Reconciliations Process.

2. Should have sound knowledge and expertise

in handling Settlement and Reconciliation for

various Payment systems like RTGS, NEFT,

UPI, Rupay, NFS, POS, AEPS, NACH, CTS,

PFMS, APBS, BBPS, Micro -ATM, NETC,

Insurance related Third Party Products and other major card schemes.

3. Work closely with respective stakeholder

(Internal and External) to manage/resolve

Technical /Business declines, chargebacks,

customer complaints/ disputes.

4. Timely submission of reports to various

entities like NPCI, RBI, IBA etc.

5. Transition of bank customers from

Conventional channels to Digital 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

Minimum Educational

Qualification: 

Graduate in any discipline.

Note:

1.CAIIB Certification is preferred.

2.Candidate with Post Graduate Degree in Finance/ Commerce will be preferred.

Post Qualification Work Experience:

Minimum 12 years of experience in Banking

Operations/ Financial Services/Payment Systems industry is mandatory. (of which)

Minimum of 6 years of experience must be in heading/managing the Payment Domain and Reconciliations.

Operations Operations (Senior Manager) 1. Assist in GM (Branch Operations) in monitoring the branch operations

2. Prepare reports and analysis and provide support to GM (Branch Operations) in reviewing performance of branches

3. Oversee sales activities undertaken by the field team.

4. Manage Account Opening Processes with strong understanding of Risk and Compliance

Process as outlined by Regulators

5. Settlement and Reconciliation of all Payment Systems

6. Able to lead teams across multiple product and processes in back office.

Minimum Educational

Qualification:

Graduate in any discipline.

Candidate with Post Graduate Degree in Finance/ Commerce will be preferred.

Note: CAIIB Certification is preferred.

Post Qualification Work Experience:

Minimum 6 years of experience in banking or financial Services industry is Mandatory.

(of which)

Minimum 3 years of experience in managing branch operations in a Bank operating in technology environment is mandatory.

Risk Management Chief Manager (Fraud Monitoring) Support in development of required fraud

infrastructure and process to enable internal and regulatory fraud reporting.

2. Develop detailed reports and dashboards of

fraud monitoring.

3. Co-ordinate with functions to make sure the

fraud control measures are in place.

4. Develop key performance indicators for

various functions.

5. Assist in monitoring of fraud risks related

incidents.

6. Report Fraud management system alerts.

7. Coordinate with the cross functional teams

for closure of fraud alerts generated within

the defined SLA’s.

8. Keep abreast with tools and technology for

management of operational risk and fraud

risk.

Minimum Educational

Qualification:

Graduate in any discipline.

Candidate with Post Graduate degree in Risk Management is Preferred.

Post Qualification work Experience:

Minimum 09 years of experience in Officer grade in banking/Financial Sector. (of which)

With at least 05 years of experience in fraud monitoring is mandatory.

Note: Forensic audit experience/Certified Information Systems Auditor

(CISA) qualified auditor is preferred.

Finance DGM

(Finance

&

Accounts)

Develop the Financial Strategy for the Bank,

and ensure compliance to Financial

Standards.

2. Ensure all government regulations and

requirements are disseminated to

appropriate personnel and monitor overall

financial and reporting compliance for the

Bank.

3. Assess organizational financial

performance against both the annual

budget and the organization’s long- term

strategy.

4. Develop tools and systems to provide

critical information to the CEO to help make

recommendations on both strategy and

operations.

5. Ensure adherence to appropriate

Accounting Policy, processes and

procedures within the Bank for ensuring

integrity of the financial statements and

compliance with local (Indian GAAP/RBI)

financial accounting & reporting policies/

standards

Minimum Educational

Qualification:

Chartered Accountant (CA) from ICAI.

Note:

1. CAIIB Certification is preferred.

2. MBA (Finance)

from University/ Institution/ Board recognized by the Government of India/

International University of repute (or) approved by a Government Regulatory Body, is Preferred.

3. CFA Certification from the CFA Institute is preferred.

Post Qualification Work Experience:

Minimum 15 years of

experience in Finance and Accounting department of a bank is mandatory. (of which) 05 years should be at senior management level.

Note: Experience in treasury operations is desirable

Finance Manager(Procurement) 1. Manage the procurement and contracting of

non-IT related material.

2. Analyse and calculate costs of procurement

and suggest methods to decrease expenditure.

3. Update and make changes to the

Procurement Policy periodically.

4. Prepare Request for Proposal documents for

procurement of items and service contracts.

Minimum educational

Qualification:

Graduate in any discipline. Candidate with Post Graduate Degree in finance/ Commerce will be preferred.

Post Qualification Work Experience:

Minimum 03 years of experience in Officer Cadre is mandatory.

(of which) Minimum 02 years of

experience in handling Procurement of Goods services in a Government

Organization/Public Sector Bank/ Public Sector Undertaking is mandatory.

To know more in detail about the IPPB Eligibility, visit the linke article

Indian Post Payment Bank Apply Online

Step 1- Indian Post Payment Bank

  1. Click on the link provided below or visit the official website.
  2. A new page will appear. New Users will have to register first.
  3. Click on New User Register
  4. A new page will appear to enter your mobile no. and email to register yourself.
  5. An OTP will be sent on your mobile no. and email, fill and click on “Submit”.
  6. A Login Id and Password will be sent to your registered mobile no. and email id.

Step 2- Login

  1. Login using the Registration Number and Password. Select the post.
  2. Fill up other details such as educational qualifications etc. depending upon the educational qualification of the candidate.
  3. Pay examination fee as applicable, online using Credit/Debit Card or Internet Banking
  4. Candidates are required to upload their scanned colour photograph and Signature (in English or in Hindi) in JPEG format.
  5. Login with Registration Number and Password in the link for “UPLOAD” and thereafter, upload the file/scanned filled
  6. Upload all the required certificates
  7. Submit the application. Print out the acknowledgement for records

India Post Payment Bank Admit Card

  • Visit the official website of IPPB @https://www.ippbonline.com or click on the link given above
  • Then click on the career section and see current openings
  • In the current opening you will find the link “IPPB GDS Admit Card 2022”
  • Click on the link and it will redirect you to the website of IBPS
  • Now fill in your registration number/roll number and date of birth/password to login
  • Enter the captcha code as it is, to confirm that you are not a robot
  • IPPB GDS Admit Card 2022 will appear on your screen
  • Now you will find the print option, click on that and download your admit card for further reference

For more details about the IPPB Admit Card, visit the linked article.

Frequently Asked Questions about IPPB Exam

Q1

What educational qualifications are accepted for the IPPB Examination?

Graduate degree from a recognized university along with work experience in postal services or sales of financial products/ rural banking or experience as a Business Correspondent for banks are eligible.
Q2

Is IPPB exam conducted every year?

The IPPB exam is conducted once every year. There is a separate recruitment process followed by the bank to select the candidates. The process usually consists of an online exam followed by a personal interview.
Q3

How will candidates be selected for the IPPB exam?

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.

Candidates can refer to the following links for more information on other bank exams

Related Links
SBI PO Notifications SBI Syllabus
IBPS PO Notification IBPS Syllabus
RBI Grade B Notification RBI Assistant Syllabus
RBI Assistant Notification RBI Grade B Syllabus