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ECGC PO Salary 2023
ECGC PO Salary 2023: According to the Export Credit Guarantee Corporation, the candidates selected under ECGC PO Recruitment get a handsome salary along with a dozen of perks and benefits which in turn tempts the government job seekers to apply for this job. It is important to have a glance at the salary structure, pay scale, and job profile of the ECGC PO Vacancy 2023. To get the details of ECGC PO Salary 2023 go through the article.
ECGC PO Salary 2023 Overview
The ECGC PO Recruitment 2023 has been released and the ECGC PO Salary 2023 details for the post of various posts.
ECGC PO Salary 2023 | |
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 Per Month
 ECGC PO Salary Per Month: The Export Credit Guarantee Corporation has mentioned the ECGC PO Salary in the official notification. Candidates can refer to the notification for in-depth data on Salary. The ECGC PO Monthly salary or the minimum basic pay is Rs. 53,600/- with an annual increment of Rs. 2,645/-. It consists of the basic pay and allowances. The complete ECGC PO Salary Structure 2023 is given below.
ECGC PO Salary Structure 2023
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 2023 has been tabulated below.
ECGC PO Salary Structure 2023 | |
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 2023.
- 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 Salary 2023 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