​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ India Post Payments Bank

India Post Payments Bank

IPPB

India Post Payments Bank

Financial Inclusion and Accessibility

The India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity.

IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.

The four key features of IPPB are:

​FINANCIAL LITERACY: Wealth creates wealth. Even a little saving can go a long way if channelized correctly. With trustworthy advice and services designed to include everybody, income can be invested correctly, more can be saved, and people can start moving forward, faster. IPPB aims to make India prosperous by ensuring that everyone has equal access to financial information and services, no matter who they are, what they earn and where they live.

STREAMLINING PAYMENTS: Beneficiaries can access income from government’s DBT programs like MNREGA wages, Social Security Pensions and scholarships, directly from their IPPB bank account with near zero friction. They can also pay their utility bills, fees for educational institutions and many more from the same IPPB account. It ensures that wherever they are, they can make the most of financial opportunities available to them.

FINANCIAL INCLUSION: Millions of Indians don’t have access to banking facilities. They cannot avail of government benefits, loans and insurance, and even interest on savings. IPPB will reach the un-banked and the under-banked across all cross sections of society and geographies. Services offered by IPPB will help them take the first step towards prosperity.

EASE OF ACCESSIBILITY: IPPB is powered by the very postmen who deliver our letters. With over 1.54 lac post offices across the country, India Post enjoys the trust of Indians everywhere. The postal delivery system will make IPPB, India’s most accessible banking network. IPPB will also offer services through internet and mobile banking, and prepaid instruments like mobile wallets, debit cards, ATMs, PoS and MPoS terminals etc.

  • Shortlist of interviewees for various roles in IPPB has been released.
    CLICK HERE FOR​ DETAILS

  • ​​IPPB is looking for enthusiastic and committed banking and payments technology professionals with a passion for public service to join what will be the most accessible bank in the world and spearhead its financial inclusion goals
  • Recruitment for IPPB started, about 3500 personnel will be recruited across the country in the next few months
  • Recruitment for IPPB started, about 3500 personnel will be recruited across the country in the next few months
  • Almost 5000 entries received from citizens for the logo and tagline contest as IPPB becomes India's first ever financial institution to crowd-source its brand identity
  • IPPB incorporated as a public limited company under the Department of Posts, Govt. of India on 17th August, 2016​​​
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​​​​ ​ PLEASE NOTE: The content of this page has been updated.​​​

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FAQs on the Recruitment Process:

SCALE I:

The application window for Scale I posts is currently closed. IPPB conducted a preliminary examination for recruitment of Assistant Managers (Territory) – Scale I officers for IPPB on 7th and 8th January, 2017. The Online Main Examination will be conducted on 29th January, 2017. No requests for change in Examination date/ time/ center will be entertained.

DOWNLOAD DETAILS- Note: Application window closed
MOCK TEST​​
SHORTLISTED CANDIDATES FOR THE MAIN EXAMINATION TO BE HELD ON JANUARY 29th, 2017
DOWNLOAD CALL LETTER FOR MAIN EXAMINATION TO BE HELD ON JANUARY 29th, 2017​​
DOWNLOAD INFORMATION HANDOUT FOR MAIN EXAMINATION TO BE HELD ON JANUARY 29th, 2017 - ENGLISH
DOWNLOAD INFORMATION HANDOUT FOR MAIN EXAMINATION TO BE HELD ON JANUARY 29th, ​2017 - HINDI
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​SCALE II, III:

The application window for Scale II and III posts is currently closed. Please keep visiting this webpage for updates on recruitment process.

DOWNLOAD DETAILS- Note: Application window closed
POSTS FOR WHICH EXAMINATION WAS HELD ON DECEMBER 17th, 2016

 

​ ​ SCALE IV – VI:

The application window for Scale IV-VI posts is currently closed. Please keep visiting this webpage for updates on recruitment process.

DOWNLOAD DETAILS- Note: Application window closed
POSTS FOR WHICH EXAMINATION WAS HELD ON DECEMBER 17th, 2016

 

SCALE VII:

Results for Scale VII Interviews

DOWNLOAD DETAILS

 

Contract Posts:

​Results for Contract Position Interviews – CGM (Technology) & Company Secretary

DOWNLOAD DETAILS

 

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