IPPB of Gramin Dak Sevaks as Executives 2024

The India Post Payments Bank (IPPB) has announced recruitment. IPPB of Gramin Dak Sevaks as Executives 2024. For the post of Executive, specifically for Gramin Dak Sevaks (GDS). Below is a summary of the essential job details provided in the official notification

IPPB of Gramin Dak Sevaks as Executives 2024

1. Organization

The recruitment is being conducted by India Post Payments Bank (IPPB), which is an entity under the Department of Posts, Ministry of Communications, Government of India. The IPPB is 100% owned by the Government of India and is focused on increasing financial literacy and banking services across the country. IPPB operates through a vast network of approximately 1,55,015 post offices and 3 lakh postmen and Gramin Dak Sevaks (GDS), providing doorstep banking services to every corner of India.

For this recruitment, IPPB is specifically engaging Gramin Dak Sevaks (GDS) for the position of Executive to help drive its banking operations.

IPPB of Gramin Dak Sevaks as Executives 2024

2. Job Role

The position offered is that of an Executive at India Post Payments Bank (IPPB). The key responsibilities of the role include:

Achieving sales targets by promoting and selling IPPB products and services.
Supporting the organization of customer acquisition events and conducting campaigns to increase financial literacy in the assigned areas.
Providing training and support to other Gramin Dak Sevaks (GDS) on IPPB products and services to enhance sales efforts.
Working closely with Department of Posts (DoP) Inspectors and Postmasters to boost both IPPB and third-party product sales.
Customer Relationship Management, which includes acquiring new customers, growing the customer base, and retaining existing relationships.
Coordinating with channel partners for effective sales and marketing efforts.
Performing other tasks as assigned by IPPB management to meet business goals.

This position primarily focuses on direct sales and lead generation to expand IPPB’s customer base, while also playing a key role in educating the public about financial services.

IPPB of Gramin Dak Sevaks as Executives 2024

3. Number of Vacancies

There are 344 vacancies available for the position of Executive at India Post Payments Bank (IPPB). These vacancies are reserved exclusively for Gramin Dak Sevaks (GDS) who meet the eligibility criteria.

The number of vacancies is tentative and may increase or decrease depending on the Bank’s requirements. The vacancies are distributed across various states and banking outlets throughout India. Candidates can indicate their preference for two banking outlets in a given state or circle during the application process, and final placements will be based on merit and availability.

IPPB of Gramin Dak Sevaks as Executives 2024

4. Eligibility Criteria

To be eligible for the Executive position at India Post Payments Bank (IPPB), applicants must meet the following criteria:

Age Limit: Candidates must be between 20 and 35 years as of September 1, 2024.
Educational Qualification: A graduate degree in any discipline (either through regular or distance learning) from a university or institution recognized by the Government of India or approved by a government regulatory body.
Experience: Candidates must have a minimum of 2 years of experience working as a Gramin Dak Sevak (GDS).
Other Requirements:
- The applicant should have no pending vigilance or disciplinary cases at the time of applying.
- The candidate should not be under any punishment at the time of applying.

Candidates must ensure they meet all these eligibility criteria before applying to avoid rejection of their application.

IPPB of Gramin Dak Sevaks as Executives 2024

5. Key Job Responsibilities

As an Executive at India Post Payments Bank (IPPB), the selected candidates will be responsible for the following key tasks:

Achieving Monthly Sales Targets: Executives are required to meet monthly revenue targets by selling the bank’s products directly to customers.
Customer Acquisition and Campaigns: Assist in organizing customer acquisition events and run local campaigns to promote financial literacy and generate interest in IPPB services.
Training and Support for GDS: Provide training sessions for other Gramin Dak Sevaks (GDS) on IPPB products and services to improve their sales and customer handling abilities.
Coordination with Postmasters and DoP Inspectors: Work closely with Postmasters and Department of Posts (DoP) Inspectors to drive sales and collaborate on joint efforts between IPPB and the DoP.
Customer Relationship Management: Help in acquiring new customers, maintaining and growing customer relationships, and ensuring customer retention through regular follow-ups and customer events.
Collaboration with Channel Partners: Develop and maintain strong relationships with channel partners to support the dissemination of marketing information, training, events, and promotions to achieve the bank’s business goals.
Sales and Business Development: Contribute to business development by generating leads, expanding the customer base, and promoting both IPPB’s services and those of its third-party partners.
Other Duties: Carry out any other tasks as assigned by the bank to support its overall business objectives.

The role is primarily focused on sales, customer acquisition, and lead generation while supporting the growth of IPPB’s services across the country.

IPPB of Gramin Dak Sevaks as Executives 2024

6. Place of Posting

The place of posting for the Executive position at India Post Payments Bank (IPPB) will be determined based on the state-wise distribution of vacancies. Here are some key points regarding the posting:

Vacancy Distribution: The total of 344 vacancies is spread across various states in India, with specific banking outlets listed for each state.
Preference Submission: Candidates applying for the position can indicate their preferences for two banking outlets within their respective states or circles during the online application process.
Merit-Based Selection: Candidature will be considered only for the vacancies in the specific circle/state for which the candidate has applied. A merit list will be drawn up based on the candidates’ performance.
Final Posting: While candidates may express their preferences, IPPB reserves the right to post selected candidates to any of its offices or locations across India, depending on the business requirements and operational needs.
Circles and States: The organization has specified various circles and states with openings, allowing candidates to understand where they may be potentially posted after selection.

Overall, the place of posting will be aligned with the bank’s operational needs and the candidate’s preferences, subject to merit and availability of positions.

IPPB of Gramin Dak Sevaks as Executives 2024

7. Tenure

The tenure for the Executive position at India Post Payments Bank (IPPB) is structured as follows:

Initial Engagement: The initial tenure of engagement is for a period of one year.
Extension Possibility: The engagement may be reviewed for extension on a year-to-year basis for up to two additional years, depending on satisfactory performance and the Bank’s business requirements.
Cooling-off Period: There is a mandatory cooling-off period of two years after the completion of each temporary engagement. This means that Gramin Dak Sevaks who have previously worked with IPPB as Territory Officers, Business Associates, or Executives must wait for two years before reapplying for any similar roles within the bank.
Performance Reviews: Business performance will be assessed every six months during the engagement period. If performance is found to be unsatisfactory over two consecutive reviews, the engaged GDS may be repatriated after serving a one-month notice.

Overall, the tenure is designed to provide flexibility based on performance while ensuring that candidates are evaluated regularly to meet the Bank’s operational needs.

IPPB of Gramin Dak Sevaks as Executives 2024

8. Selection Process

The selection process for the Executive position at India Post Payments Bank (IPPB) involves several key steps:

Merit-Based Selection: Candidates will be selected primarily based on the percentage of marks obtained in their graduation. This forms the foundation of the merit list.
Online Test (if applicable): While the selection will be based on graduation marks, the Bank reserves the right to conduct an online test as part of the selection process, depending on the number of applicants and other considerations.
Tie-Breaking Criteria:
- In cases where two or more candidates have the same graduation percentage, preference will be given to the candidate with seniority in service at the Department of Posts (DoP).
- If the seniority is also the same, the date of birth will be considered, with older candidates being favored.
Application Accuracy: Candidates are required to provide the exact percentage of marks obtained in their graduation, rounded to two decimal places, as stated in their degree certificate. Any discrepancies between the online application and the original documents will result in disqualification.
Document Verification:
- Shortlisted candidates will be called for document verification based on the circle-wise merit list.
- During this process, candidates must furnish essential documents, including:
  - No Objection Certificate (NOC) from their controlling officer.
  - A statement detailing any major or minor penalties imposed during the last five years.
  - A Vigilance Clearance Certificate from the Divisional Head.
Final Results: The results of candidates who qualify for various stages of the recruitment process will be published on the IPPB website. Merely meeting the eligibility criteria does not guarantee selection; candidates must perform well throughout the process.

This structured selection process aims to ensure that the most qualified candidates are chosen for the role while maintaining transparency and fairness.

IPPB of Gramin Dak Sevaks as Executives 2024

9. Salary and Benefits

The salary and benefits package for the Executive position at India Post Payments Bank (IPPB) is designed to be competitive and reflective of the role’s responsibilities. Here are the key details:

Monthly Salary: The Bank offers a lump sum salary of ₹30,000 per month. This amount is inclusive of all statutory deductions and contributions applicable to the position.
Tax Deductions: Income tax will be deducted from the salary as per the Income Tax Act, which is amended from time to time.
Annual Increment: There is a provision for an annual increment in the lump-sum pay, as well as additional incentives based on performance in business acquisition and sales activities. The specifics of these increments and incentives will be determined by the competent authority.
No Additional Allowances: It is important to note that no other pay, allowances, bonuses, or benefits will be provided beyond the stated salary and performance-related incentives.
Discharge Benefits: During the engagement period, GDS engaged as Executives at IPPB will be treated as on duty for their entire tenure. This time will be counted towards seniority, annual increases, and determining discharge benefits in the GDS post.

The compensation package is aimed at attracting qualified candidates who are committed to enhancing banking services and promoting financial literacy in their communities.

IPPB of Gramin Dak Sevaks as Executives 2024

10. Application Fee

For the Executive position at India Post Payments Bank (IPPB), candidates are required to pay a non-refundable application fee of ₹750. Here are the important details regarding the application fee:

Non-Refundable: The fee is non-refundable, meaning that once it is paid, candidates will not be able to get it back under any circumstances, even if they withdraw their application or are not selected.
Eligibility Confirmation: Candidates are strongly advised to ensure they meet all the eligibility criteria before making the payment. Any applications that do not fulfill the requirements will be rejected, and the fee will not be refunded.
Payment Process: The application fee must be paid during the online application process. Candidates should carefully follow the instructions provided on the IPPB website to complete the payment successfully.
Fee Applicability: This fee applies to all candidates applying for the Executive position, regardless of their background.

In summary, candidates should be mindful of the application fee and confirm their eligibility before proceeding with the payment to avoid any inconveniences.

IPPB of Gramin Dak Sevaks as Executives 2024

11. Application Process

The application process for the Executive position at India Post Payments Bank (IPPB) involves several key steps to ensure that candidates can apply correctly and efficiently. Here’s a breakdown of the process:

Online Applications Only: Candidates must submit their applications online through the official IPPB website. No other modes of application (such as mail or in-person submissions) will be accepted.
Application Period: The application window is open from October 11, 2024, to October 31, 2024. Candidates are encouraged to apply as early as possible to avoid any last-minute issues or technical difficulties.
Registration: Before applying, candidates need to register on the IPPB website. During registration, they will need to provide personal details and create a login ID and password for future access to their application.
Filling Out the Application: After registration, candidates should fill out the online application form, ensuring that all information is accurate and complete. This includes educational qualifications, experience details, and personal information.
Preference for Banking Outlets: Candidates will be asked to select their preferred banking outlets (up to two) from the available options within their respective states or circles.
Application Fee Payment: Candidates must pay the non-refundable application fee of ₹750 as part of the application process. Payment can typically be made through various online payment methods (credit/debit cards, net banking, etc.).
Document Upload: Candidates may be required to upload supporting documents, such as educational certificates and identification proof. It’s crucial to ensure that all documents are clear and meet the required specifications.
Review and Submit: Before final submission, candidates should review their application thoroughly to check for any errors or omissions. Once confirmed, they can submit the application.
Acknowledgment: After submission, candidates will receive an acknowledgment of their application, which they should keep for reference.
No Last-Minute Rush: Candidates are strongly advised not to wait until the last day to apply, as technical issues or high traffic may lead to difficulties in submitting the application.

By following these steps, candidates can ensure that their application for the Executive position at IPPB is submitted successfully and in a timely manner.

12. Selection Results

The final list of candidates who qualify for various stages and the results will be published on the IPPB website.

13. General Instructions

Incomplete or incorrect applications will be summarily rejected.
Candidates should be cautious while filling in their application details to avoid discrepancies.
The Bank reserves the right to cancel or modify the recruitment process.

14. Important Dates

Online Registration: From October 11, 2024, to October 31, 2024.
Final Submission and Fee Payment: October 31, 2024.

IPPB of Gramin Dak Sevaks as Executives 2024

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FAQ’S

1.What is IPPB?

India Post Payments Bank (IPPB) is a bank set up under the Department of Posts, Ministry of Communications, fully owned by the Government of India. It leverages the postal network to offer banking services across India.

2.Who can apply for the position of Executive in IPPB?

Gramin Dak Sevaks (GDS) who are currently engaged with the Department of Posts as of 01.09.2024 and meet the eligibility criteria can apply.

3.What are the key responsibilities of an Executive at IPPB?

Responsibilities include achieving monthly revenue targets, supporting customer acquisition, training GDS on IPPB products, assisting in new customer acquisition, and helping IPPB officers with operations.

4.What is the educational qualification required for the Executive post?

Candidates must have a graduate degree from a recognized university or institution.

5.What is the age limit for applicants?

The age limit is between 20 and 35 years as of 01.09.2024.

6.What is the monthly salary for an Executive at IPPB?

The salary is a lump sum of ₹30,000 per month, inclusive of statutory deductions(IPPBCOHRRECT.2024-2503).

7.How long is the engagement period for the Executive position?

The initial engagement is for one year, which may be extended year-to-year for up to two additional years based on performance.

8.What is the selection procedure?

Selection will be based on the percentage of marks obtained in graduation. If two candidates have the same percentage, seniority in service at the Department of Posts will be considered.

9.Is there an application fee?

Yes, there is a non-refundable application fee of ₹750.

10.Where can candidates apply?

Candidates can apply online at www.ippbonline.com between 11.10.2024 and 31.10.2024.