Indian Army Agniveer Salary 2024: The Indian Army has announced the Rally-wise Agniveer Recruitment 2024, calling upon individuals to join its ranks. This recruitment initiative involves conducting rallies across various regions of the country to select candidates willing to serve in the Armed Forces. Both male and female applicants aged between 17.5 and 23 years are eligible to apply for this opportunity. Selected candidates, known as Agniveers, will receive a competitive monthly compensation package, including Risk and Hardship allowances, as per the policies of the three services. This article will provide insights into the salary structure for Indian Army Agniveers, as mentioned in the recent Recruitment Notification.
Indian Army Agniveer Salary 2024
The Indian Army Agniveer Salary package presents a big opportunity for individuals seeking to serve their nation while ensuring financial stability. Throughout the four-year commitment, selected candidates receive a fixed monthly salary, commencing at INR 30,000 per month, along with a comprehensive range of benefits. It’s important to note that the monthly salary for Indian Army Agniveer candidates remains fixed and does not include additional allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), or Travel Allowance (TA).
Indian Army Agniveer Salary 2024 Overview
In the Indian Army Agniveer Recruitment 2024, candidates receive an attractive salary package throughout their four-year tenure in the Indian Army, Air Force, or Navy. Along with the monthly salary, Agniveers are entitled to retirement packages and other benefits upon completing their tenure. This article provides an overview of the Indian Army Agniveer Salary 2024, detailing the salary and benefits offered to recruits during their service period.
Indian Army Agniveer Salary 2024 Overview | |
Name of Scheme | Agneepath Yojana |
Launched by | Central Government |
Name of Post | Rally-wise Various Posts |
Service Duration | 4 years |
Training Duration | 10 weeks to 6 months |
Qualification Required | 8th/10th/12th pass |
Official Website | joinindianarmy.nic.in |
Indian Army Agniveer Salary 2024 In Hand
The Agniveer salary package comprises various allowances set by the Government of India. Unlike other allowances like Dearness Allowance (DA) or Military Service Pay (MSP), these are not included separately but are part of the overall composite package. Agniveers receive a competitive monthly compensation along with Risk and Hardship allowances applicable across all three services. They are not required to contribute to the Armed Forces Personnel Provident Fund or any other Provident Fund, nor do they receive gratuity or pension benefits.
They are not eligible for benefits under the Army Group Insurance Fund (AGIF) schemes. However, upon completing four years of service, Agniveers receive a one-time ‘Seva Nidhi’ package, which includes their contribution along with accrued interest, matched by a corresponding contribution from the Government.
Year | Customised Package {Monthly) |
In Hand (70%) |
Contribution to Agniveer Corpus Fund (30%) |
Contribution to corpus fund by GoI |
All figures in Rs (Monthly Contribution) | ||||
1st Year | 30000 | 21000 | 9000 | 9000 |
2nd Year | 33000 | 23100 | 9900 | 9900 |
3rd Year | 36500 | 25580 | 10950 | 10950 |
4th Year | 40000 | 28000 | 12000 | 12000 |
Total contribution in Agniveer Corpus Fund after four years | Rs 5.02 Lakh | Rs 5.02 Lakh | ||
Exit
After 4 Year |
Rs 10.04 Lakh as Seva Nidhi Package (Including, interest accumulated on the above amount as per the applicable interest rates would also be paid) |
Indian Army Agniveer Salary 2024 Annual Package
Candidates who are selected and featured in the Indian Army Agniveer result list are entitled to receive a monthly customized package of INR 30,000 for the first year. This package undergoes an annual increment rate of 10%. Consequently, the annual package for the first year amounts to INR 3.6 lakhs and gradually increases to INR 4.8 lakhs by the fourth year.
Year | Customized Package (Monthly) | Annual Package |
---|---|---|
1st | 30,000 | INR 3.6 LPA |
2nd | 33,000 | INR 3.96 LPA |
3rd | 36,500 | INR 4.38 LPA |
4th | 40,000 | INR 4.8 LPA |
Indian Army Agniveer Benefits and Allowances 2024
Given below are the allowances given to Indian Army Agniveers –
- Risk & Hardship Allowance
- Dress Allowance
- Ration Allowance
- Travel allowances
Indian Army Agniveer Salary 2024 Benefits
The Indian Army Agniveers are given the following salary benefits.
- Total Amount to be given as Seva Nidhi Package after 4 years service (one time): Rs. 10.04 Lakh
- 25% of Agniveer candidates will later on become the part of regular cadre of Armed forces.
- 48 Lakh non-contributory Life Insurance Cover will be provided
- Additional Ex Gratia of Rs.44 Lakh for death attributable to service will be provided to the next of kin
- Disability compensation: On time Ex Gratia of Rs. 44/25/15 lakh for 100%/75%/50% disability respectively.
- Up to 30 days leaves per year will be provided
- Medical facility and Canteen facility will also be included
- 10% reservation in Assam Rifles, CAPFs, Coast Guard, Defense PSU will be given