Home   »   Indian Army Agniveer Salary 2024, Structure...

Indian Army Agniveer Salary 2024, Structure and Allowances

Indian Army Agniveer Salary 2024: The Indian Army is organizing rallies for its Agniveer recruitment in 2024, inviting applicants interested in joining the Armed Forces. Both male and female candidates aged between 17.5 and 21 years are eligible to apply. Those preparing for this recruitment should understand the salary structure offered upon selection. Successful candidates, known as Agniveers, will receive a monthly salary package that includes Risk and Hardship allowances based on the policies of the three services. This article will explain the details of the Indian Army Agniveer salary as mentioned in the Recruitment Notification.

Indian Army Agniveer Salary 2024

The monthly salary for Indian Army Agniveer candidates is fixed at INR 30,000 without any extra allowances. After successfully completing the selection process, candidates are recruited into roles like GD, Tradesman, or Clerk. They receive post-retirement benefits like the Seva Nidhi package and skill certificates. Agniveers get a customized monthly package with Risk and Hardship allowances, following the policies of the three services. They don’t need to contribute to any Provident Fund and don’t receive gratuity or pension benefits. Also, they are not eligible for benefits from the Army Group Insurance Fund (AGIF).

Indian Army Agniveer Salary 2024 Overview

In the Indian Army Agniveer Recruitment 2024, candidates are offered an exciting salary package for their four-year service in the Indian Army, Air Force, or Navy. Alongwith the monthly salary, Agniveers receive retirement packages and additional benefits upon completing their tenure. This article gives a summary of the Indian Army Agniveer Salary 2024, mentioning the salary and perks provided 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 Indian Army Agniveer salary 2024 includes various allowances set by the Government of India. These allowances, unlike Dearness Allowance (DA) or Military Service Pay (MSP), are not given separately but are part of the overall salary package. Agniveers receive a competitive monthly compensation along with Risk and Hardship allowances applicable to all three services. They don’t have to contribute to the Armed Forces Personnel Provident Fund or any other Provident Fund, and they don’t get gratuity or pension benefits.

They are not eligible for benefits under the Army Group Insurance Fund (AGIF) schemes. However, after completing four years of service, Agniveers get a one-time ‘Seva Nidhi’ package, which includes their contribution plus 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
(Absolute amount excluding Interest)

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.

  • Seva Nidhi Package: After serving for four years, Agniveers receive a one-time package consisting of their savings plus interest, matched by a corresponding contribution from the Government.
  • Life Insurance Cover: Agniveers are given a non-contributory Life Insurance Cover of INR 48 lakhs.
  • Ex Gratia for Death/Disability: Additional benefits are provided to the next of kin if an Agniveer dies or becomes disabled due to service-related reasons.
  • Leave and Medical Facilities: Agniveers are allowed up to 30 days of leave per year and are provided with medical facilities.
  • Canteen Facility: Agniveers have access to canteen facilities.
  • Reservation: Agniveers receive 10% reservation in Assam Rifles, CAPFs, Coast Guard, and Defense PSU.

Indian Army Agniveer Salary Slip 2024

The Indian Army Agniveer Salary Slip provides detailed information about the compensation package, including basic pay, allowances, deductions, and net pay. Here’s what the salary slip typically includes:

  • Employee Name: Name of the Agniveer.
  • Employee ID: Unique identification number.
  • Rank: Position or rank in the Indian Army.
  • Pay Period: Duration covered by the salary slip.
  • Basic Pay: Monthly salary amount.
  • Allowances: Breakdown of all entitlements and extra payments.
  • Gross Pay: Total earnings before deductions.
  • Deductions: List of amounts subtracted from the salary.
  • Net Pay: Final amount received after deductions.

Indian Army Agniveer Job Profile 2024

Indian Army Agniveers play a crucial role in protecting the nation’s borders, fighting terrorism, helping during disasters, and supporting international peace efforts. Their responsibilities include:

  • Defending Borders: Ensuring safety from outside threats through patrols and surveillance.
  • Counter-Terrorism Operations: Fighting against insurgent groups and safeguarding civilians.
  • Disaster Relief: Providing aid during natural disasters such as floods and earthquakes.
  • Training and Support: Assisting local security forces in conflict zones and participating in global peace missions.

Indian Army Agniveer Salary 2024, Structure and Allowances_2.1

FAQs

What is the monthly Indian Army Agniveer salary 2024 ?

The Indian Army Agniveer salary is 30000/month for the first year.

What is SevaNidhi for Agniveers?

After serving for a period of four years, Agniveers in the Indian Army will receive a payment called 'Seva Nidhi.' This payment will consist of their contributions, including accrued interest, as well as a matching contribution from the Government, which will be equal to the accumulated amount of their contributions, including interest.

What are the allowances given with the Indian Army Agniveer salary 2024?

The allowances given with the Indian Army Agniveer salary 2024 are: Risk & Hardship Allowance, Dress Allowance, Ration Allowance, Travel allowances. Read the above article for the complete details

What is the Indian Army Agniveer Salary 2024 annual package for the first year?

The Indian Army Agniveer Salary 2024 annual package for the first year is INR 3.6 LPA.

What is the Indian Army Agniveer Salary 2024 annual package for the fourth year?

The Indian Army Agniveer Salary 2024 annual package for the fourth year is INR 4.8 LPA.

Leave a comment

Your email address will not be published. Required fields are marked *