There is a guy in Instagram. Who is promising placement assistance. I have to pay him 2-3 k and 3% of the CTC after placement. Should I pay.

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Never pay for job

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I suggest that you pay him. If you get a job you will be happy or if he cheats, you will get experience 😉😉😉.
As for software engineer 2-3k is not much an issue.

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He is that guy in the instagram

likefunny

If it is after placement then go for it. But any money that if you have to pay before joining the company is a scam

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Never. Tell him you will do after you attended first day in office. He will disappear after that

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Can you give me his Instagram handle

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Don't, if he is legit from some company himself, companies have referral program which benefits both parties you and referrer, so this is like extortion imho, rest is up to you, if you're skilled & have projects in portfolio, doing your due diligence in uploading projects on GitHub/LinkedIn of atleast can build project & put it somewhere for recruiters to see, plus reaching out to recruiters with strong CV, naukri, indeed or similar job portals - I don't see why you need to go this route - nobody can guarantee placement - if you flunk there (most companies might have some kind of assessments later or before getting into projects if in a good org - so better make your work speak for yourself - don't fall into these traps - my methods might be orthodox but it works for the long run - you can forward your CV to your network/alumni/seniors/people you know - they can refer you! All the best in whatever way you choose.

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Can you dm me his Instagram handle

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Don't pay any advance , check for his actions and pay accordingly.

If you have to pay after job then there is no problem

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