IPPB recruitment

IPPB Recruitment 2024: Latest News, Dates, Syllabus & Salary

March 13, 2024

Table of Contents

Table of Contents

About Banking Body and Exam

The IPPB stands for Indian Post Payment Bank. It is one of the important bank exams in India and it is conducted by the Indian Post Payment Bank. It is an administrative body that follows the guidelines of the Department of Post, the Government of India, and the ministry of communication. The IPPB aims to facilitate banking services such as making bills, transfer of funds, current and savings, etc. The candidates who clear the IPPB Recruitment exam get posted as scale I, II, III, IV officers, territory officers, managers and assistant managers. 

IPPB

IPPB Recruitment Highlights

IPPB recruitment 2024 – Exam Summary
Name of Conducting BodyIndian Post Payment Bank (IPPB)
Post NameTo Be Notified
IPPB vacanciesTo Be Notified
Exam DateTo Be Notified
Application Mode – Online or offlineOnline
Exam Mode- online or offlineOnline
Recruitment ProcessPersonal Interview
Education QualificationAspirants must have a graduation degree. At Least two years of expertise is required
Age Limit Minimum age limit – 38 years
Maximum age limit – 55 years
IPPB Salary3,27,000/- per month
Official websitewww.ippbonline.com

IPPB Recruitment Important Dates

Following are the important dates for the IPPB recruitment exam.

Important eventsDate
IPPB Notification 2024July 2024 (tentative)
Registration StartJuly 2024
IPPB last date to applyAugust 2024
IPPB Admit Card releaseSeptember 2024
IPPB Exam DateOctober 2024
IPPB Result To Be Notified

IPPB Recruitment Eligibility Criteria 2024

There are certain eligibility criteria that every aspirant must know before applying for the IPPB exam. Take a brief look at the following:-

 Age

The minimum age limit for the IPPB exam is 20 years. The maximum age limit is 35 years. During the recruitment process, candidates from SC/ST categories get an age relaxation of 5 years, while the OBC candidate gets a 3-year relaxation. Furthermore,  PwD candidates enjoy an age relaxation of 10 years. And, if the PwD candidate is from OBC or  SC/ST category, the complete age relaxation they get is of 13 and 15 years, respectively.  For the general category, the age limit is according to the following table:

PostAge limit
Manager23 to 35 years
Senior manager26 to 35 years
Chief manager29 to 45 years
Assistant manager32 to 45 years
Deputy manager35 to 55 years
General Manager (Finance)/ Chief Finance Officer38 to 55 years

Qualification

The educational qualification required for the IPPB recruitment exam is as follows:

PostEducational qualification
Scale I OfficersGraduation degree from any recognized university, institution, or board for IPPB.Work experience in any sales of financial items or postal services.
Scale II and III officersGraduation degree from any reputed institution, University, or board. Candidates with B-tech or MBA degrees can also apply for this. They are given high preference here.
ManagerGraduation degree from any reputed institution, University, or board.Should have work experience of at least two years in DoP as an inspector. 
Assistant ManagerGraduation degree from any reputed institution, University or board.Should have work experience of at least five years in DoP as a postal assistant.
Territory officersGraduation degree from any reputed institution, University or board.Should have work experience of at least five years as a GDS (Gramin Dak Sewak)
General Manager (Finance)/
Chief Finance Officer
CAIIB Certification plus MBA (Finance) recognized by the Government of India/ International University of
repute.
CFA Certification from the CFA Institute is preferred
Should have at least 18 years of experience in officer cadre.

For any other specialized qualification and to know the IPPB Vacancies in each category, aspirants can check the IPPB notification.

Nationality / Citizenship

  • The candidate should be a citizen of India.
  • Must be of Indian origin.
  • Candidates living in Bhutan, Tibet, and Nepal can also apply for the IPPB recruitment exam.
  • Refugee candidates who came to India before 1962 can also apply for the IPPB recruitment exam.

IPPB Recruitment Application Process

IPPB Recruitment application form for 2024 will be released soon. The application form should be filled out online. Candidates can visit the official website of Indian Post Payment Bank to access the application form. The application form will be submitted online.

Application Fees

Candidates can use a Debit or credit card to pay. They can even pay using mobile wallets, UPI, internet banking, etc.

  • The application fee for General and OBC category candidates is INR 750.
  • The application fee for SC, ST, and PWD candidates is INR 150.

Usually, the application fee is given at the time of submitting the application form. Once candidates make their payment, the application form is duly accepted by the Indian Post Payment Bank.

Application Steps

One should ensure that they are filling out the application form before the announced IPPB last date to ensure that their application gets accepted. If the aspirants face issues filling out the form, they can check the detailed steps here:-

  1. First, visit the official website of IPPB.
  2. Go to the recruitment portal from the home page.
  3. Click on IPPB notification 2024 for recruitment.
  4. Select the one-time registration option.
  5. Fill in all the details such as name, age, qualification, etc. Then, submit the form.
  6. Now, click save and next.
  7. Candidates will get the registration number and password on their registered email.
  8. Next, pay the application fee.
  9. Download the invoice or fee receipt.
  10. Print and save the application form for future reference.
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IPPB Exam Admit Card

The Indian Post Payment Bank will release the admit card for the IPPB recruitment exam 2024 one or two weeks before the exam. To download the IPPB admit card, candidates must log in to the official website using their login credentials.

Admit Card Details

Once the candidate downloads the IPPB admit card, they should check the details mentioned. The IPPB admit card includes the following details:-

  • Candidates’ name
  • Date of birth
  • Photograph
  • Registration number
  • Name of exam center
  • Date of exam
  • Reporting time

Moreover, candidates must carry their identity proof, such as an Aadhaar card, identity card or PAN card to the exam hall.

Exam Centre Details

Every candidate should be aware of the exam centers. It will help them prepare mentally and physically for the hassle of travelling to another city. Candidates can find the complete details of their exam center on their IPPB Admit Card.

StateExam Centre
Andhra PradeshPuthur, Rajahmundry, Chirala, Ongole, Srikakulam,  Chittoor, Guntur, Hyderabad, Kakinada, Tirupati, Kurnool, Nellore
Andaman NicobarPort Blair
Arunachal PradeshItanagar, Nahrlagun
AssamJorhat, Kokrajhar, Dibrugarh, Silchar, Tezpur, Guwahati
BiharBhagalpur, Arrah, Aurangabad, Shariff, Gaya, Patna, Purnea, Samastipur, Hajipur, Muzaffarpur, Dharbanga
ChandigarhChandigarh
ChhattisgarhBilaspur, Raipur, Bhilai
Dadra and Nagar Haveli        Dadra and Nagar Haveli        
Daman and Diu          Daman and Diu
DelhiGreater Noida, Gurugram, Bahadurgarh, Delhi, Faridabad,
Goa    Verna, Panaji
GujaratRajkot, Surat, Vadodara, Ahmedabad, Jamnagar, Mehsana, Anand, Gandhinagar, Himatnagar
HaryanaSonipet, Palwal, Panipat, Yamuna nagar, Ambala, Hissar, Karnal, Kurukshetra
Himachal PradeshSirmaur, Kullu, Mandi, Una, Baddi, Bilaspur, Dharamshala, Hamirpur, Kangra
Jammu and Kashmir  Jammu, Kathua, Samba
JharkhandHazaribagh, Jamshedpur, Ranchi, Bokaro, Dhanbad,
KarnatakaGulbarga, Hubli, Mysore, Shimoga, Udipi, Belgaum, Bengaluru, Bedar, Mangalore,
KeralaPalakad, thiruvananthapuram,  Kollam, Kottayam, Thrissur, Alappuzha, Kannur, Kochi, Kozhikode, Mallapuram,
Madhya PradeshJabalpur, Sagar, Satna, Ujjain,Bhopal, Gwalior, Indore,
MaharashtraNasik, Pune, Mumbai, Nagpur, Amaravati, Aurangbad, Chandrapur, Ratnagiri, Satara, Dhule, Jalgaon, Kolhapur, Latur, Nandad
ManipurImphal
MeghalayaShillong, Ri-Bhoi
MizoramAizawl
Nagaland        Kohima
OdishaBerhampur, Bhubaneshwar, Angul, Balasore, Bargarh, Baripada,
PuducherryPuducherry
PunjabFatehgarh, Saheb, Amritsar, Bathinda, Pathankot, Patiala, Phagwara, Jalandhar, Ludhiana, Mohali
RajasthanKota, Sikar, Bhilwara, Bikaner, Jaipur, Ajmer, Alvar, Jodhpur
SikkimGangtok
Tamil NaduNamakkal, Perambalur, Chennai, Coimbatore, Dindigul, Salem, Thanjavur, Tirunelveli, Vellore, Tiruchirapalli, Thoothukudi,  Krishnagiri, Madurai, Nagercoil
TelanganaKarimnagar, Kammam, Warangal,Hyderabad
TripuraAgartala
Uttar PradeshBareilly, Bhulandshaher, Mathura, Meerut, Unnao, Varanasi, Agra, Aligarh, Allahabad, Gorakhpur,  Moradabad, Muzaffarnagar, Jhansi, Kanpur, Lucknow
UttarakhandHaridwar, Roorkee, Dehradun, Haldwani

IPPB Recruitment Exam Pattern

The IPPB 2024 exam pattern includes three stages:- prelims, mains, and interview rounds.

Prelims and mains both exams are MCQ based. Both the exams have negative markings, where for every wrong answer 1/4th mark will be deducted.

 IPPB Prelims Exam Pattern

The prelims pattern is highlighted in the following table:

SectionNo of QuestionsMaximum marksTime allotted
Quantitative aptitude3535      1 hour
English3030
Reasoning Ability3535
Total100100

 IPPB Mains Exam Pattern

There are more subjects in the mains. Here is the pattern of the Mains Exam:

SubjectNo of QuestionsMaximum marksMediumTime
Quantitative aptitude5050English & Hindi40 mins
Computer knowledge2020English & Hindi10 mins
English language4040English30 mins
Reasoning ability5050English & Hindi40 mins
Total200200_140 mins

IPPB Recruitment Interview round

The interview round is the last round of the selection process. The total mark of the IPPB exam is 100. To qualify, a general candidate must get at least 40% of the marks whereas an SC/ST/OBC/PWD should get a minimum of 35%.

IPPB Recruitment Syllabus

To pass the IPPB exam, every candidate should have a clear understanding of the IPPB Exam Syllabus. The syllabus for the IPPB exam 2024 is as follows –

SectionTopics
Reasoning AbilityAlphabet test
Coding-Decoding
Venn Diagram
Analogy
Puzzle Test
Number, Ranking, and Time Sequence
Theme Detection
Eligibility test
Clock & Calendar
Data sufficiency
English LanguageSynonyms
Tenses voice
Grammar
Idioms and phrases
Article
Subject-verb Arrangement
Antonyms
Adverbs
Verb
Quantitative aptitudeProfit Loss
Time & Work
Discount
Partnership
Decimal Fraction
Tables and Graph
Ratio & protection
Time & Distance
Simple Interest
Percentage
Number System
General AwarenessCurrent affairs
Money market Financial Institutions
Credit policies capital market
Banking awareness
Budget Basic and Current Union Budget
Indian Banking History
ComputerBasics of computer

IPPB Recruitment Result and Cutoffs

Candidates can check the IPPB Result on the official website after it has been declared by the commission. Just enter the essential details and download the PDF format of the result. After this, look at the cut-off to know if one has qualified for the exam or not.

IPPB Recruitment Result 2024

The results of IPPB 2024 will be declared on the official website. The candidates must log in to view their results. The date of the IPPB Result is yet to be announced. To view their IPPB Result, candidates must, 

  • Log in to the official site of IPPB
  • Click on the result button on the homepage
  • Enter details like roll number and password
  • The IPPB Result will be displayed on the screen
  • The candidate can download the PDF of their IPPB Result from the IPPB website for reference.

IPPB Exam Cutoffs 2024

To qualify for the IPPB exam, candidates must get more than the cut-off marks. The cut-off marks for prelims and mains are released separately. The cut-off marks for 2024 have not been released yet. So, let’s look at expected cut-offs per the previous year’s data.

Prelims Expected Cut off IPPB 2024

SectionTotal MarksExpected Cut off
Quantitative aptitude35 marks8-10 marks
Reasoning Ability35 marks9-12 marks
English language30 marks7-8 marks
Total100 marks50-55 marks

Mains Expected Cut off IPPB 2024

SectionTotal marksExpected cut off
Quantitative aptitude50 marks12-15 marks
Computer knowledge20 marks10-13 marks
English language40 marks9-11 marks
General awareness40 marks12-14 marks
Reasoning ability50 marks10-12 marks
Total200 marks95-110 marks

Category Wise Cut-off IPPB 2024

CategoryExpected cut off
General62-70 marks
SC57-60 marks
OBC60-62 marks
ST54-58 marks

IPPB 2024 Salary Structure

Here is the following list of IPPB salary structure 2024:

PostSalary
Junior Manager Grade IINR 23700 to INR 42020
Middle manager grade IIINR 31705 to INR 45950
Middle manager grade IIIINR 42020 to INR 51490
Senior manager grade VINR 59170 to INR 66070
Territory officerINR 27000 per month

Additional benefits with the IPPB Salary

  • Official residence
  • Official vehicle for transport facility
  • Educational facilities
  • Security
  • Leaves
  • Post-retirement benefits
  • Medical treatment

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FAQ’s

What is the selection process for the IPPB recruitment 2024?

The IPPB recruiting selection procedure starts with a preliminary exam, followed by a major exam and an interview.

What is the age limit to apply for the IPPB exam for the year 2024?

Different positions have age restrictions, which typically range from 20 to 40 years of age. The ‘eligibility requirements’ part of this page lists the age restrictions for each position for candidates to view.

Is IPPB a government job?

NDIA POST PAYMENTS BANK LIMITED, a public limited company wholly owned by the Government of India through the Department of Post under the Ministry of Communication and set up under the Companies Act, 2013, and the Banking Regulation Act, 1949 as a Payments Bank under the Department of Posts

What is the IPPB Recruitment Application fee?

Application fees for IPPB Recruitment is 750 INR for the general category.