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Indian Army Agniveer Salary 2024, Structure and Allowances

Indian Army Agniveer Salary 2024: The Indian Army has released the Rally-wise Agniveer Recruitment 2024 Notification, inviting candidates to join its ranks. This recruitment process involves organizing rallies across different regions of the country to select Agniveers who are willing to serve in the Armed forces. Both male and female candidates aged between 17.5 and 23 years are eligible to apply for this opportunity. Agniveers are entitled to an attractive customized monthly package, which incorporates Risk and Hardship allowances, in accordance with the policies of the three services. In this article, we will discuss the Indian Army Agniveer Salary, as mentioned in the latest Agniveer 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 total salary package for Agniveers includes various allowances determined by the Government of India. However, there is no Dearness Allowance (DA) or Military Service Pay (MSP) included in the Agniveer Salary as it is a composite package. Agniveers receive an attractive customized monthly package along with Risk and Hardship allowances applicable in all three services. They are exempt from contributing to the Armed Forces Personnel Provident Fund or any other Provident Fund and do not receive gratuity or pension.

They are ineligible for benefits under the Army Group Insurance Fund (AGIF) schemes. After 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 11.71 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. 11.71 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

Indian Army Agniveer Salary 2024, Structure and Allowances_30.1

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

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