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The basic pay for an ECGC PO in 2024 is ₹53,600 per month.
What is the approximate in-hand salary for an ECGC PO?
The approximate in-hand salary for an ECGC PO in 2024 is around ₹1,13,395 per month, after deductions.
What allowances are included in the ECGC PO salary?
ECGC PO salary includes allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), City Compensation, Grade Allowance, Special Functional Allowance, Family Allowance, Transport Allowance, and Special Pay.
Are there any deductions from the ECGC PO salary?
Yes, the salary deductions include National Pension Scheme (NPS) contributions, Income Tax, and Professional Tax.
What is the highest level of an ECGC PO post?
The highest level for an ECGC PO (Probationary Officer) is the Assistant General Manager (AGM) position.
What is the revised ECGC PO Pay Scale 2024?
The ECGC PO Pay Scale 2024 has been updated as per the latest notification. The revised pay scale is:
Basic Pay Scale: Rs. 53,600 - 2,645 (14 increments) - Rs. 90,630 - 2,865 (4 increments) - Rs. 1,02,090.
ECGC PO Salary 2024, Per Month Salary, In Hand Salary
ECGC PO Salary 2024 and Job Profile has been discussed in this article. Check ECGC PO Salary 2024, Job Profile, In Hand Salary Structure, Allowances & other benefits.
Ananya Gupta7 Nov, 2024
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ECGC PO Salary 2024:
The ECGC PO Salary 2024 offers an attractive package, especially for those aspiring to join the Export Credit Guarantee Corporation in the Probationary Officer role.
The basic salary starts at Rs. 53,600 and the in-hand salary after deductions comes to around Rs. 1,13,000 per month for newly appointed officers.
In addition to the salary, ECGC POs enjoy various perks and allowances such as house rent allowance, medical benefits, and travel allowances. This package makes the ECGC PO role a rewarding career option. The salary structure also includes regular increments and over time, officers can expect substantial salary growth along with promotions and career advancements.
ECGC PO Salary 2024
In addition to the basic pay, ECGC POs receive a variety of allowances and benefits such as House Rent Allowance (HRA), Dearness Allowance (DA), Grade Allowance, and more, which significantly enhance the overall compensation package.
During the probation period, an ECGC Probationary Officer is responsible for various tasks, including financial management, export credit risk assessment, handling policies, and customer relations. The role offers diverse experiences that build strong foundations for career growth. Given the attractive salary package and job responsibilities, the position of ECGC PO is considered a highly desirable government job in India.
ECGC PO Salary 2024 Overview
The
ECGC PO Salary Structure 2024
provides a detailed breakdown of the salary components and deductions for Probationary Officers. The net in-hand salary includes various allowances and deductions as shown below:
ECGC PO Salary 2024 Overview
Component
Amount (₹)
Basic Pay
53,600/-
Dearness Allowance (DA)
24,596/-
House Rent Allowance (HRA)
32,500/-
City Compensation
983/-
Grade Allowance
6,000/-
Special Functional Allowance
775/-
Family Allowance
950/-
Transport Allowance
1,330/-
Special Pay
1,800/-
Deduction: NPS-ES
Income Tax
Professional Tax
5739/-
3200/-
200/-
Total Gross Pay
1,22,534/-
ECGC PO Salary In Hand
The
ECGC PO Salary in hand
is the net amount a Probationary Officer receives after deductions, including income tax and contributions to the National Pension Scheme (NPS). For 2024, the in-hand salary for an ECGC PO ranges from
₹53,600/-
to
₹1,13,395/-
, depending on allowances such as
Dearness Allowance (DA), House Rent Allowance (HRA), Transport Allowance
, and more. These allowances significantly boost the basic pay. As the officers continue in service, regular increments and promotions lead to a rise in their overall earnings, making the ECGC PO position financially rewarding.
ECGC PO Job Profile
The
ECGC PO Job Profile
involves a range of responsibilities that focus primarily on export-related transactions. Once appointed as a
Probationary Officer
(PO) under ECGC, candidates are expected to perform various duties, which include:
Handling Export Transactions
: ECGC POs oversee and manage transactions related to export credit insurance, ensuring smooth financial operations for exporters.
Report Preparation
: POs are responsible for preparing detailed reports on business transactions, analyzing data related to exports and credit insurance.
City-Based Postings
: Unlike many other government jobs, ECGC POs are only posted in urban areas since the organization does not have rural branches. This ensures that officers work in cities, focusing on export and trade operations.
ECGC PO Salary Perks & Benefits
As a Probationary Officer (PO) with ECGC, employees enjoy a variety of perks and benefits that enhance their overall compensation package. Here is a detailed look at the perks and benefits provided:
Perk/Benefit
Details
Cash Medical Benefit
INR 13,300 per year
Mobile Bill Reimbursement
INR 400 per month
Mobile Handset Reimbursement
INR 10,000 once every three years
Entertainment Reimbursement
INR 800 per month
Expenses for Household Help Reimbursement
INR 1,000 per month
Furniture Allowance
INR 87,500 + GST once every five years
Meal Vouchers
INR 205 per working day
Med Claim Coverage
Up to INR 40 lakhs for the family (Employee pays one-fourth of the premium)
Office Carry Bag Reimbursement
INR 3,000 once every three years
PLI BONUS
Up to 6% of total yearly Basic + DA (Dearness Allowance)
Paid Leaves
30 days every two years, redeemable on Basic, DA, CCA
Defined Pension Scheme
Corporation contributes 10% of Basic Pay + DA
Travel Allowance
2nd AC fare for 4500 km each to and fro with family every two years / Leave Travel Concession to hometown for self every year
ECGC PO Career Growth
& Promotion 2024
The career growth for an ECGC Probationary Officer (PO) is structured to provide ample opportunities for advancement based on performance, experience, and contributions to the organization. Here is an overview of the career growth for an ECGC PO:
Probationary Officer (Scale I) -
The starting role where the officer undergoes initial training and learns the various functions of the job. It involves handling daily operational tasks and understanding the corporation's policies and procedures.
Assistant Manager (Scale II) -
After successfully completing the probationary period and proving competency, a PO may be promoted to Assistant Manager. This role includes managing teams and handling more complex tasks within the corporation.
Manager (Scale III) -
In this role, the individual takes on more significant responsibilities, including strategic planning and overseeing major projects or departments. The position requires leadership and advanced management skills.
Senior Manager (Scale IV) -
The Senior Manager role involves overseeing larger teams and complex functions within the corporation. It includes strategic decision-making and higher-level management responsibilities.
Assistant General Manager (Scale V) -
As an Assistant General Manager, the officer is involved in senior-level decision-making, strategic planning and high-level management. This role is important for shaping the direction and policies of the organization.
