ECGC PO Salary 2023: Salary Package, Benefits, Wage Structure, and Pay slip Details

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India's Export Credit Guarantee Corporation For the position of probationary officer, ECGC is inviting applications online (PO). Check out this article's ECGC PO Salary information. You can review the specifics of the ECGC PO salary 2023 in this article, including the hands, job description, perks, and benefits.

☛ ECGC PO Recruitment 2023

About Recruitment

Export Credit Guarantee Corporation of India (ECGC) is seeking applications for the role of Probationary Officer (PO) through an online application form for the year 2023. The recruitment process will have several vacancies available. Interested candidates can follow these easy steps to apply online and also check the important dates such as the last date of application, exam date, and admit card release date. The monthly pay scale for this position will be in the range of ₹31,795 to ₹62,315. The admit card for the preliminary examination is expected to be released in May or June of 2023.

ECGC PO Salary 2023

CATEGORY DETAILS
Pay Scale INR 32,795-1610(14)-55335-1745(4)-62315
Basic Pay INR 32,795 (Given Increment for 14 Years = INR 1610/-)
Basic Pay after 14 years INR 55,335 (Given Increment for 14 Years = INR 1745/-)
Maximum Basic Pay INR 62,315
Cost to Company (CTC) Rs.12 LPA – Rs.17 LPA Approx.

   INR 32,795/ - INR 1610(14) का अर्थ है मूल वेतन Rs.32,795 में सालाना 1610 रुपये की वृद्धि होगी अगले 14 वर्षों के लिए I

   INR 55,335/ - INR 1745 (4) का अर्थ है मूल वेतन Rs.55,335 में सालाना 1745 रुपये की वृद्धि होगी अगले 4 वर्षों के लिए I

ECGC PO Salary 2023: Allowances

There are many types of perks and allowances given to the Probationary Officer of ECGC.

The ECGC PO Salary for the year 2023 is structured in a way that provides various allowances and benefits to its employees. The basic pay for the position of ECGC PO is INR 32,795. The Dearness Allowance (D.A.), which is subject to change based on the employee's location of work, is 38% of the Basic Pay. Additionally, employees are also entitled to receive a House Rent Allowance (H.R.A.) ranging from 8% to 24% of the Basic Pay. The City Compensatory Allowance (CCA) for the ECGC PO ranges from 3% to 4% depending on their location of work.

The Traveling Allowance (T.A.) is fixed at INR 1330, and the D.A. on T.A. is governed by government rules. These allowances and benefits form a significant part of the ECGC PO's salary structure, making it an attractive job opportunity for individuals seeking a career in the banking and financial sector.

CATEGORY DETAILS
Pay Salary INR 32,795-1610(14)-55335-1745(4)-62315
Basic Pay INR 32,795
D.A.(Dearness Allowance) 38% of the Basic Pay (Changes as per the location of work)
H.R.A.(House Rent Allowance) 8-24% of the Basic Pay
City Compensatory Allowances (CCA) 3% to 4% Depending on the Location
T.A.(Travelling allowance) INR 1330
D.A. on T.A. As per Govt rule

ECGC PO Salary 2023: Deduction

EVENT DETAILS
PF(10% of basic) 3279.5
NPS(10% of basic + DA) As per Govt rule
Income Tax As per Govt rule

"ECGC PO Salary in hand after deduction is Rs. 38,500/- Per month(Approx)"

   ईसीजीसी पीओ के लिए अधिकतम वेतन INR 62,315 है।

   इन वेतन विवरणों को ईसीजीसी बोर्ड द्वारा आवश्यक होने पर संशोधित किया जा सकता है।

ECGC PO Salary Mumbai

The current CTC (Cost to Company) of an Executive Officer (Probationary officer) posted in Mumbai is approximately Rs.13 lakh per annum.

  • Your Basic will be 32795 which is a pending revision from August 2017. (expect it to be above 50k after wage revision)(1610 increment will be added to your basic every year)
  • Current Dearness Allowance is around 69.2 % which comes out to approx 22600 changes every 3 months (Feb to April and so on)
  • House Rent Allowance- 10% As all training centers are in Class A cities so 3279
  • ( After training you can also go for staff quarters if available or avail lease accommodation, the rates for which is
  • Mumbai -29500, Metro-Rs.20000, Class A-Rs.15000, Class B-Rs.10000 and for Class C cities-Rs.8000 Per month)
  • Furniture allowance for once in 5 years-Rs.87500+GST(introduced in September 2019)
  • Mobile Handset Reimbursement-Rs.10000 once in 3 years
  • Office bag Reimbursement- Rs.3000 once in 3 years
  • So your gross during training would be around .58000

After Training:

  • Apart from the above emoluments, you will be entitled to
  • Sodexo meal coupons-Rs.205(revised in sep-2019) for each working day
  • Reimbursement of Expenses towards Household help-Rs.1000 PM(introduced in July 2019)
  • Entertainment Reimbursement. Rs.800 PM
  • Mobile bill Reimbursement- Rs.400 PM
  • Newspaper Reimbursement- Rs.200 PM
  • Cash Medical Benefit- Rs.13300 PA
  • City Compensatory Allowance-3% so 983
  • Transport Allowance-1330
  • Leave travel concession-4500km each to and fro 2nd AC Fare with family once in 2 years/LTC Home town for self every year
  • PLI BONUS up to 6% of your total yearly Basic+DA( maximum)
  • Insurance cover of 50Lakhs(GIS)+ 8 lakhs(GSLI)+10lakhs(GTS)
  • Mediclaim covers up to 40 lakhs for you and your dependents. (Premium one fourth paid by Employee)
  • Defined contribution Pension Scheme- Equal contribution of 10% of Basic+DA from the corporation.
  • Income Tax on Perks Around 30000 Per Year paid by the corporation on your behalf
  • EL Encashment Of 30 Days Every 2 Years on
  • If you will add up all these then your annual CTC will cross Rs. 12 lakhs. And this is under revision. So after revision, it will definitely increase anywhere between 10% and 15%.

ECGC PO Salary In Hand

"ECGC PO Salary in hand after deduction is Rs. 38,500/- Per month(Approx)"

हाथ से वेतन की गणना निम्न सूत्र द्वारा की जा सकती है:

  • हाथ में वेतन = मूल वेतन + एचआरए + डीए + शहर मुआवजा (पोस्टिंग पर निर्भर करता है) - (पीएफ और पेंशन अंशदान)
  • आपके वेतन में 14% की कटौती होगी।
  • डीए का जोड़ होगा जो 75% तक भिन्न हो सकता है।

ECGC PO Salary for Metro City/ State Capital/ Rural

The basic pay of ECGC PO in the state capital/ State Capital/ Rural is Rs. 38,500/-. Check the Allowances during probation and salary after probation from the below section.

EVENT DETAILS
Salary during Probation Rs. 38,500/-
Allowance during Probation Rs 3300 worth of Sodexo Meal coupons based on your attendance in a particular month (150 per day)
Salary after Probation No Change

Allowances

CATEGORY DETAILS
Pay Salary INR 32,795-1610(14)-55335-1745(4)-62315
Basic Pay INR 32,795
D.A.(Dearness Allowance) 38% of the Basic Pay (Changes as per the location of work)
H.R.A.(House Rent Allowance) 8% to 24% of the Basic Pay
City Compensatory Allowances (CCA) 3% to 4% Depending on the Location
T.A.(Travelling allowance) INR 1330
D.A. on T.A. As per Govt rule

Details of  ECGC PO Salary Allowances & Deduction

  • Dearness Allowance (DA): 46.9%-75% of the Basic Pay (Differs as per the work location)
  • House Rent Allowance (HRA): 7% to 10% of the Basic Pay
  • City Compensatory Allowance (CCA): 3%-4% of the basic pay as per the location
  • Transportation Allowance: Rs.1330/-

OR

  • महंगाई भत्ता (DA): मूल वेतन का 46.9% -75% (कार्य स्थान के अनुसार कठिनाइयाँ)
  • मकान किराया भत्ता (HRA): मूल वेतन का 7% से 10%
  • शहर का भत्ता भत्ता (CCA): स्थान के अनुसार मूल वेतन का 3% -4%
  • परिवहन भत्ता: रु .330 / -
  • PF(10% of basic)- 3279.5
  • NPS(10% of basic + DA)- As per Govt rule
  • Income Tax- As per Govt rule

Download ECGC PO Salary Slip

  • INR 32,795/ - INR 1610 (14) का अर्थ है मूल वेतन रु। 32,795 रुपये की वृद्धि के साथ। अगले 14 वर्षों के लिए 1610 सालाना।
  • INR 55,335/ - INR 1745 (4) का अर्थ है मूल वेतन रु। 55,335 रुपये की वृद्धि के साथ। अगले 4 वर्षों के लिए 1745 सालाना।
  • ईसीजीसी पीओ के लिए अधिकतम वेतन INR 62,315 है।
  • इन वेतन विवरणों को ईसीजीसी बोर्ड द्वारा आवश्यक होने पर संशोधित किया जा सकता है।

OR

  • INR 32,795/-  INR 1610(14) means the basic pay is Rs. 32,795  with an increment of Rs. 1610 annually for the next 14 years.
  • INR 55,335/-  INR 1745(4) means the basic pay is Rs. 55,335 with an increment of Rs. 1745 annually for the next 4 years.
  • These salary details can be revised as and when required by the ECGC board.
  • The maximum pay for ECGC PO is INR 62,315.

ECGC PO वेतन की गणना 7 वें वेतन आयोग के अनुसार की जाती है। सभी उम्मीदवार जो ईसीजीसी पीओ परीक्षा के लिए सभी चरणों को उत्तीर्ण करते हैं, उन्हें इस आयोग के अनुसार वेतन दिया जाएगा। पिछले वार्षिक पैकेजों को देखते हुए, सालाना मिलने वाला वेतन INR PA 12 LPA - previous 17 LPA के लगभग था।

ECGC PO Salary Perks

ECGC PO not only provides an attractive salary but also some amazing perks like:

  • Meal coupons: Rs.205
  • Newspaper Reimbursement:  Rs.200 PM
  • Entertainment Reimbursement:  Rs.800 PM
  • Mobile bill Reimbursement:  Rs.400 PM
  • Cash Medical Benefit:  Rs.13300 PA
  • EL  Encashment Of 30 Days Every 2 Years
  • Mobile Reimbursement:  Rs.10000 once in 3 years
  • Office Carry bag Reimbursement:  Rs.3000 once in 3 years
  • Allowance for Furniture for once in 5 years: Rs.87500+GST
  • PLI BONUS your total yearly Basic+DA up to 6% ( maximum)
  • Household Help Expense Reimbursement:  Rs.1000 PM
  • Insurance cover of 50 Lakhs(GIS) + 8 lakhs (GSLI) + 10lakhs (GTS)
  • Defined Pension Scheme – Equal contribution of 10% of Basic + DA from the corporation.
  • Around 30000 Income Tax on Perks Per Year paid by the corporation on your behalf
  • Mediclaim: Up to 40 lakhs cover for you and your dependents. (Premium one-fourth paid by Employee)
  • Leave travel concession:  4500 km each to and fro 2nd AC Fare with family once in 2 years/LTC Home town for self every year.

ECGC PO Salary FAQs

⭐What is the Basic Salary of ECGC PO Post?

Basic Pay after 14 years is INR 55,335 (Given Increment for 14 Years = INR 1745/-)

⭐What is the annual package of ECGC PO Post?

The amount varies with the location of the job posting. The Gross compensation received by ECGC PO lies between 12 Lakhs (minimum) to Rs. 17 lakhs per annum.

⭐What is the ECGC PO Annual Package?

ECGC PO salary is calculated as per the 7th pay commission. Looking at the previous annual packages, the salary received annually was around INR ₹12 LPA – ₹17 LPA Approx.

⭐What is the ECGC PO Salary- Meal Coupon?

For each attendance, the employee will get ₹ 150 worth Meal coupon from SODEXO. Meal coupon amount is linked with Scale.

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