IPPB Officer Salary & Job Profile: Scale 1 – Scale 6

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IPPB Officer Salary

IPPB Officer Salary & Job Profile: Scale 1, Scale 2, Scale 3, Scale 4, Scale 5 & Scale 6

IPPB Officer Salary & Job Profiles: 

Indian Post Payments Bank Limited issued a recruitment notification for multiple vacancies for the posts of Scale 1, Scale 2, Scale 3, Scale 4, Scale 5 & Scale 6 on October 4th, 2016. The Last date to apply for these posts was October 25th, 2016.

IPPB Officer exam is being conducted the first time and there are a lot of speculations regarding the job profiles of different scales and IPPB Officer Salary.

RECOMMENDED: How to Avoid Losing Marks in Negative Marking in IPPB Exam

Today, We will discuss IPPB Officer Salary and Job Profile for all scales(Posts). IPPB will start its functioning from September 2017. Let’s Find out all the details of job profiles and Salary for IPPB Officer.

IPPB Officer Important Dates:

Events Dates
Starting of Online Application 04-Oct
Last Date to Apply 25-Oct
Online Payment of Fees 4-25 Oct
IPPB Admit Card 18-Dec
Online Examination Dates 07.01 & 08.01
IPPB Result January/ February 2017

About Indian Post Payments Bank:

IPPB Officer Salary: Scale 1 – Scale 6

IPPB Officer Salary: Scale 1 

  • Basic pay: Rs. 23,700/- per month
  • Pay scale: Rs. 23,700 – 42,020/-
  • Allowances: IPPB Officer Salary includes Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time.
  • Gross emoluments: Approximately Rs. 50,000/- per month in hand salary.
  • Accommodation: Subject to availability.
  • Reimbursements: For expenses for maintenance of vehicle for official purpose, newspaper, briefcase, book Grant, allowance for the furnishing of residence, etc. as per eligibility.
  • Loans and Advances: Granted at concessional rates of interest for Housing, Car, Education, Consumer Articles, and Personal Computer.
  • Total Annual Pay: Including allowances along with admissible perquisites attached to the post of IPPB Officer Scale 1 (excluding the value of housing) works out at the minimum to Rs. 7, 80,000/- p.a. (CTC).
IPPB Posts Name & Scale:

IPPB Officer Salary & Profile

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IPPB Officer Salary: Scale 2 & Scale 3

  • Basic pay:
    • Scale 2: Rs. 31,705/- per month
    • Scale 3: Rs. 42,020/- per month
  • Pay scale:
    • Scale 2: Rs. 31,705 – 45,950/-
    • Scale 3: Rs. 42,020- 51,490/-
  • Allowances: IPPB Officer Salary includes Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time.
  • Gross emoluments:
    • Scale 2: Approximately Rs. 65,000/- per month in hand salary.
    • Scale 3: Approximately Rs. 80,000/- per month in hand salary.
  • Accommodation: Subject to availability.
  • Reimbursements: For expenses for maintenance of vehicle for official purpose, newspaper, briefcase, book Grant, allowance for the furnishing of residence, etc. as per eligibility.
  • Loans and Advances: Granted at concessional rates of interest for Housing, Car, Education, Consumer Articles, and Personal Computer.
  • Total Annual Pay:
    • Scale 2: Including allowances along with admissible perquisites attached to the post of IPPB Officer Scale 2 (excluding the value of housing) works out at the minimum to Rs. 10,00,000/- p.a. (CTC).
    • Scale 3: Including allowances along with admissible perquisites attached to the post of IPPB Officer Scale 3 (excluding the value of housing) works out at the minimum to Rs. 12,72,000/- p.a. (CTC).
IPPB Posts Name & Scale:
Function Post name Scale
Branches Senior Manager (Branch) III
Branches Manager (Area Sales) III
Branches Manager (Area Operations) III
Sales Senior Manager (Sales Operation) III
Product Senior Manager (UI/ UX) III
Product Senior Manager (Retail Products) III
Product Senior Manager (Merchant Products) III
Product Senior Manager (Government Products) III
Product Manager (Product Research) II
Product Manager (User Experience UX) II
Product Manager (User Interface UI) II
Marketing Senior Manager (Digital Marketing) III
Marketing Senior Manager (Branding & Marketing) III
Finance Senior Manager (Financial Planning & Budgeting) III
Finance Manager (Account Payable) II
Finance Manager (Taxation) II
Finance Manager (Procurement) II
Finance Manager (Treasury Settlements & Reconciliation) II
Program Management Office Manager (Program Management Office) III
HR and Administration Senior Manager (Training) III
HR and Administration Senior Manager (HR Generalist Manpower Planning & Recruitment, Performance Management System) III
HR and Administration Manager (Training) II
HR and Administration Manager (HR Generalist Manpower Planning & Recruitment, Performance Management System) II
HR and Administration Manager (Corporate HR & Administration) II
HR and Administration Manager (Branch HR & Administration) II
HR and Administration Manager (Administration) II
HR and Administration Manager (Hindi Cell) II
Internal Audit Senior Manager (Risk & Concurrent Audit) III
Internal Audit Manager (Risk & Concurrent Audit) II
Operations Senior Manager (Fraud Control Operations) III
Operations Senior Manager (Customer Service) III
Operations Senior Manager (Call Centre) MMGS-III III 1 III
Operations Senior Manager (Branch Operations) III
Central Processing Centre Senior Manager (Cheque Truncation System) III
Central Processing Centre Senior Manager(Reconciliation) III
Central Processing Centre Manager (Customer Acquisition Support) II
Central Processing Centre Manager (Vendor Performance Management) II
Risk and Compliance Senior Manager (Compliance Support & Reporting) III
Risk and Compliance Manager (Compliance Support & Reporting) II
Risk and Compliance Manager (Operational Risk) II
Risk and Compliance Manager (Legal) II
Technology Senior Manager (System/ Database Administration) III
Technology Senior Manager (Security Administration) III
Technology Senior Manager (Network/ Infrastructure Administration) III
Technology Senior Manager (IT Project Management) III
Technology Manager (Vendor Management – Hardware/ Software/ Services) II
Technology Manager (Digital Technology Innovation) II

IPPB Officer Salary: Scale 4, Scale 5 & Scale 6

IPPB Officer Job Profile

  • Basic pay:
    • Scale 4: Rs. 50,030/- per month
    • Scale 5: Rs. 59,170/- per month
    • Scale 6: Rs. 68,680/- per month
  • Pay scale:
    • Scale 4: Rs. 50,030 – 59,170/-
    • Scale 5: Rs. 59,170 – 66,070/-
    • Scale 6: Rs. 68,680 – 76,520/-
  • Allowances: IPPB Officer Salary includes Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., as admissible from time to time.
  • Gross emoluments:
    • Scale 4: Approximately Rs. 95,000/- per month in hand salary.
    • Scale 5: Approximately Rs. 1,15,000/- per month in hand salary.
    • Scale 6: Approximately Rs. 1,50,000/- per month in hand salary.
  • Accommodation: Subject to availability.
  • Reimbursements: For expenses for maintenance of vehicle for official purpose, newspaper, briefcase, book Grant, allowance for the furnishing of residence, etc. as per eligibility.
  • Loans and Advances: Granted at concessional rates of interest for Housing, Car, Education, Consumer Articles, and Personal Computer.
  • Total Annual Pay:
    • Scale 4: Including allowances along with admissible perquisites attached to the post of IPPB Officer Scale 4 (excluding the value of housing) works out at the minimum to Rs. 16,20,000/- p.a. (CTC).
    • Scale 5: Including allowances along with admissible perquisites attached to the post of IPPB Officer Scale 5 (excluding the value of housing) works out at the minimum to Rs. 19,20,000/- p.a. (CTC).
    • Scale 6: Including allowances along with admissible perquisites attached to the post of IPPB Officer Scale 2 (excluding the value of housing) works out at the minimum to Rs. 24,60,000/- p.a. (CTC).
IPPB Posts Name & Scale:
Function Post Name Scale
Operations AGM (Fraud Control Operations) V
Operations AGM (Customer Service ) V
Risk and Compliance DGM (Information Security)/ Chief Information Security Officer VI
Finance Chief Manager(Treasury Settlements and Reconciliation) IV
Finance Chief Manager(Market Risk) IV
Finance Chief Manager(Dealer) IV
Finance AGM (Chief Dealer) V
HR and Administration AGM (Human Resource Management) V
Program Management Office AGM (Program Management Office) V
Product DGM (Product and Strategic Partnerships) VI
Marketing AGM (Marketing) V
Technology AGM (IT Operations) V

IPPB Officer Scale 1 Job Profile:

During probation period of 2 years, you will be subjected to frequent training and transfers and will be trained to get the practical knowledge in the banking industry like

  • Finance, accounting, marketing, billing as well as investment.
  • Learning nitty gritty of General Banking.
  • The opening of new accounts, Doing deposits, cash management etc.
  • Loan Processing
  • Issuing ATM cards, chequebooks, demand drafts etc

After successful completion of the probation period, you will be posted in any bank branch as an Assistant Bank Manager to handle works on daily customer transactions, viz.

  • Marketing of New Schemes.
  • Bringing New Business.
  • Solving the grievances of customers coming in the bank.
  • Any other task bestowed by the bank time to time.
Friends this is it for IPPB Officer Salary & Job Profile. Feel free to ask us any queries and questions you have in the comments section below and we will be glad to answer them for you. We wish you all the very best for your IPPB Officer exam.