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IPPB Executive Recruitment 2023: 132 Contract Posts, Eligibility and Dates

IPPB’s 2023 notice advertised 132 Executive posts on contract. The application deadline has passed; review the original eligibility, vacancy, pay and selection details.
From TheFinanceBase Team3 min to read
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India Post Payments Bank (IPPB) advertised 132 Executive posts on contract in 2023, but the application window is closed. Registration ran from 26 July to 16 August 2023 under Advertisement No. IPPB/CO/HR/RECT./2023-24/03. The notice required graduation in any discipline and set an age range of 21–35 years as of 1 June 2023. For later vacancies, check IPPB’s current openings page.

What was the IPPB Executive recruitment 2023 schedule?

IPPB accepted applications online only. Registration opened at 10:00 a.m. on 26 July 2023, and the deadline to submit an application with the fee was 11:59 p.m. on 16 August 2023. Both dates have passed; the 2023 notice is not an open application opportunity.

The details below describe that specific recruitment notice. They should not be assumed to apply to later IPPB vacancies.

How many posts were advertised, and where?

The notice advertised 132 Executive positions. It described the vacancy totals as tentative, subject to increase or decrease.

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Category Posts
Unreserved 56
EWS 13
OBC 35
SC 19
ST 9

The state-wise summary in IPPB’s 2023 advertisement listed the following locations and counts:

State or territory Posts
Assam 26
Chhattisgarh 27
Himachal Pradesh 12
Jammu and Kashmir 7
Ladakh 1
Arunachal Pradesh 10
Manipur 9
Meghalaya 8
Mizoram 6
Nagaland 9
Tripura 5
Uttarakhand 12

What were the eligibility requirements?

Age

Applicants had to be 21–35 years old as of 1 June 2023. The notice provided age relaxations under government guidelines, including five years for SC/ST applicants and three years for OBC (Non-Creamy Layer) applicants, as well as category-specific relaxations for eligible persons with disabilities.

Education and experience

The minimum qualification was graduation in any discipline from a recognized university or institution. Previous experience in sales or in operations involving financial products was preferred, not stated as a minimum qualification.

What would an Executive do?

The role combined business development with customer and channel support. Duties listed in the notice included:

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  • Meeting monthly revenue targets through direct sales of bank products.
  • Organizing customer-acquisition events and financial-literacy campaigns.
  • Training business correspondents on IPPB products and services.
  • Working with Department of Posts end users and partner organizations.
  • Acquiring and retaining customers, managing channel relationships, and meeting operational and reporting requirements.

What were the contract terms and pay?

The initial contract term was one year. IPPB could review performance and extend the contract annually for up to two additional years, subject to satisfactory performance, for a maximum total duration of three years.

The notice stated lump-sum compensation of ₹30,000 per month, inclusive of statutory deductions. It also said performance incentives might be paid for business activity and an annual increment might be provided at the bank’s discretion; neither was guaranteed by the stated terms.

How would selection work?

IPPB’s 2023 advertisement, signed by the Chief HR Officer, stated: “Selection will be made on the basis of Online Test and or Group Discussion and or Personal Interview.” The bank could use one or more of those stages after shortlisting candidates against the role’s requirements.

The notice also warned: “Merely satisfying the eligibility norms do not entitle a candidate to be called for Interview/Group Discussion or Online Test.” In other words, meeting the age and education criteria alone did not guarantee an invitation to a selection stage.

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What application and location terms did the notice set?

Applicants could select three preferred locations and could also opt to serve anywhere in India. Location allocation depended on selection marks and successful qualification. The notice said application data could not be changed after submission, multiple applications would be rejected, and submitted applications could not be edited or withdrawn.

The non-refundable fee in this 2023 notice was ₹100 for SC/ST/PWD applicants as intimation charges and ₹300 for all other applicants. These were terms of the closed 2023 recruitment, not current fee instructions.

Where can applicants find current IPPB vacancies?

Use the bank’s Current Openings page for later recruitment notices and their own eligibility rules, dates, fees, vacancy locations, compensation, and selection process. Each advertisement is specific to its recruitment cycle, so the 2023 conditions should not be carried forward to a newer notice.

Source: IPPB, “Recruitment of 132 Executives on Contractual Basis,” Advertisement No. IPPB/CO/HR/RECT./2023-24/03 (2023).

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