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The ECGC has released 40 vacancies for the post of Probationary Officer under the ECGC PO Recruitment 2024. According to the Export Credit Guarantee Corporation, the selected candidates will get a handsome salary along with a dozen perks and benefits. The ECGC PO Basic Salary is Rs. 53,600/- and the monthly in-hand salary is Rs. 1,13,000 (Approximately). It is important to have a glance at the salary structure, pay scale, and job profile of the ECGC PO. To get the details of ECGC PO Salary 2024 go through the article.
ECGC PO Salary 2024
The ECGC PO Salary comprises basic pay, allowances, and benefits as determined by the corporation. The salary is the main attraction for the candidates to apply for this job. Those who get selected will be put on a probationary period for some duration and then they will be promoted to the next level based on their performance. In this article, we have discussed the detailed salary structure, job profile, career growth, and in hand salary of an ECGC PO.
ECGC PO Salary Pay Scale 2024
The ECGC PO Payscale is INR 53600-2645(14)-90630-2865(4)-102090. As per the payscale, the basic pay is Rs. 53,600 and after deductions, the in-hand salary of a newly recruited Probationary Officer is more than Rs. 1 Lakh in a metropolitan city.
ECGC PO Salary 2024 | |
Pay Scale | INR 53600-2645(14)-90630-2865(4)-102090 |
Basic Pay | INR 53600 ( A increment of 2645 will be provided for 14 years) |
Basic Pay after 14 years of service | INR 90,630 |
Maximum Basic Pay | INR 1,02,090/ |
Total CTC ( Cost to company ) in Mumbai | 16 Lakhs per annum |
ECGC PO Salary Structure 2024
The candidates can have a look at the table below for ECGC PO Net Pay or the in-hand salary distribution. The ECGC PO Salary Structure 2024 has been tabulated below.
ECGC PO Salary Structure 2024 | |
Basic Pay | 53600/- |
DA | 24,596/- |
HRA | 32,500/- |
City Compensation ( Depends upon the place of posting) | 983/- |
Grade Allowance | 6000/- |
Special Functional Allowance | 775/- |
Family Allowance | 950/- |
Transport Allowance | 1330/- |
Special Pay | 1800/- |
Deduction: NPS-ES
Income Tax Professional Tax |
5739/-
3200/- 200/- |
In hand Salary | 1,22,534- 9139= 1,13,395 Approximately |
ECGC PO Salary In Hand
The ECGC PO Salary in hand consists of basic pay and various allowances such as DA, HRA, Family allowance, transport allowance, deductions, income tax, etc. as mentioned above. The sum of the salary in hand is between Rs. 53600/- to Rs. 1,13,395/- which is a very handsome amount for the newly recruited POs. This is the initial in-hand salary that is paid to the selected candidates. As the service period goes on, this sum keeps on increasing..
ECGC PO Job Profile
Once the candidate is appointed as ECGC PO they have to perform certain duties/jobs. There are various responsibilities that an employee under ECGC PO has to carry out. We have discussed below the job profile of ECGC PO Recruitment 2024.
- Probationary Officers in ECGC have to handle the export transactions.
- A PO has to prepare reports on business transactions as well.
- ECGC PO is posted in only cities as there are no rural branches of ECGC
ECGC PO Salary Perks & Benefits
The candidates receive several perks and benefits and get selected for various posts. We have detailed below the benefits & perks.
- Cash Medical Benefit- INR 13,300 per year
- Mobile Bill Reimbursement- INR 400 per month
- Mobile Handset Reimbursement – INR 10,000 once in three years.
- Entertainment Reimbursement – INR 800 per month
- Expenses for Household Help Reimbursement – INR 1000 per month.
- Furniture Allowance – INR 87500 + GST once in five years.
- Meal vouchers – INR 205 per working day
- Med claim coverage of up to 40 lakhs for the family. ( The candidate has to one-fourth of the premium)
- Office Carry Bag Reimbursement – INR 3000 once every three years.
- PLI BONUS – total yearly Basic + DA (Dearness Allowance) up to 6% ( maximum)
- Paid Leaves of 30 days every two years redeemed on Basic, DA, CCA
- Defined Pension Scheme – The corporation makes an equal contribution of 10% Basic Pay + DA
- Travel Allowance – 2nd AC fare of 4500 km each to and fro with family every two years / Leave Travel Concession to Hometown for self every year
ECGC PO Career Growth
ECGC PO offers great chances for growth, based on the performance and contribution to the bank, there are many chances for growth. When a person works in various posts he learns the different ways the bank functions and chances to prove your potential and merit.
- Executive Officer/Probationary Officer – Scale I
- Assistant Manager – Scale-II
- Manager – Scale III
- Senior Manager – Scale IV
- Assistant General Manager – Scale V
Important links: | |
ECGC PO Syllabus | ECGC PO Cut Off |