Estimated 7th Pay Commission pay scales as on 01.01.2016-Gconnect.in

India Post Payments Bank, IPPB has started its recruitment drive with the release of the advertisement for the post of the Chief Executive Officer/ Managing Director, the Chief Technology Officer (CTO), other CXOs who will be heading its Operations, Risk and Compliance, Finance, HR & Administration and Sales and Marketing Departments. It has also advertised for some contractual positions across multiple Departments. Regular recruitment for other positions across scale I-VII will also be announced in the coming weeks. IPPB has also called for deputations from Public Sector Banks for some corporate HQ positions and will shortly be seeking deputations from banks, post office & other Government Departments for its branch locations. IPPB plans to recruit about 3,500 professionals in the coming months. Details are available on the India Post website.

IPPB will be headquartered in New Delhi and plans to launch 650 branches across the country by the next year. The India Post Payments Bank will leverage the widespread reach and the trust that the Post office enjoys in the minds of the citizen to truly drive financial inclusion.

With all 1.54 lakh Post offices, including 1.39 lakh rural post offices as its access points and 650 Payments bank branches in district Headquarter locations, it will be the most accessible bank in the world in terms of reach. It will deploy state of the art technology to make banking both simple and convinient to its customers. IPPB calls upon dedicated and committed professionals who would want to be part of the journey to create a national financial architecture which will connect every citizen with the financial services that they need to access.

It may be recalled that the India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs on 17th August, 2016 under the Companies Act 2013. This would be the first PSU under the Department of Posts. This has happened in the wake of Prime Minister Shri Narendra Modi’s Independence Day address, raising the expectations of the people from the soon to be set up India Post Payments Bank. With this move the Department of Posts has cleared an important milestone on this journey.

The Department of Posts is expected to complete the roll out of its branches all over the country by September 2017. This could be the fastest roll out for a bank anywhere in the world.

Source:http://www.pib.nic.in/newsite/erelease.aspx?relid=0