India Post Payments Bank Limited has initiated recruitment for 51 executive positions, with applications open until March 21, 2025, via ippbonline.com. Selection will prioritize candidates with state domicile and will be based on graduation marks and interviews. The initial contract is for one year, extendable up to three years based on performance. The monthly salary is Rs. 30,000, with taxes applicable, alongside potential annual increments and incentives linked to performance. The application fees are Rs. 150 for Scheduled Caste/Scheduled Tribe/Persons with Disabilities applicants and Rs. 750 for all others, non-refundable.
India Post Payment Bank 2025: The registration process for the recruitment of executive positions at India Post Payments Bank Limited has commenced. This recruitment initiative seeks to fill a total of 51 positions. Candidates who meet the eligibility criteria can submit their applications via the official website, ippbonline.com. The deadline for applications is March 21, 2025.
The official notification states: “Merit will be determined based on the percentage of marks attained during graduation, followed by an interview process. Candidates who have domicile in the state they are applying for will be prioritized over those without a domicile proof issued by the relevant state authority. Simply meeting the eligibility criteria does not guarantee a candidate an interview invitation.”
India Post Payment Bank 2025: Contract Period
The initial contract period is set for one (1) year, with the potential for annual extensions for up to two (2) additional years, dependent on satisfactory performance. The total maximum duration of the contract is three (3) years.
India Post Payment Bank 2025: Pay And Allowances
The Bank will offer a monthly fixed salary of Rs. 30,000, which includes statutory deductions. Tax deductions will be applied as per the Income Tax Act, considering any updates made over time. Furthermore, the Bank provides annual increments and bonuses based on individual performance in business acquisition and sales activities. These increments and incentives will be established by the Competent Authority periodically.
India Post Payment Bank 2025: Application Fee
The application procedure includes a non-refundable fee that varies based on the applicant’s category. Candidates from the Scheduled Caste/Scheduled Tribe/Persons with Disabilities categories are required to pay an application fee of Rs. 150. In contrast, all other applicants, including those from the general category, must pay a fee of Rs. 750.