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PSU Salary Structure – 2024 | GATE & Non-GATE – Click Here!
“What is the salary of psu after 3rd prc?
What is the salary of psu after 7th pay commission?
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3RD PRC & PSU SALARY
ENGINEER & OFFICER SALARY
[2024-2025]
PSU Salary After 3rd PRC – A state-owned enterprise ( in India is called a public sector undertaking (PSU) or a public sector enterprise. Those companies are owned by the union government of India or one of the many state or territorial governments or both.
The company stock needs to be majority-owned by the government to be a PSU. PSUs strictly may be classified as central public sector enterprises (CPSEs) or state level public enterprises (SLPEs).
In 1951 there were just five enterprises in the public sector in India, but in March 1991 this had increased to 246.
Contents
1. 3rd PRC
What is the full form of 3rd PRC?
It is similar to 7th Pay Commision, which is only applicable to the Central and State Government employees,hence,for this very same purpose PSU employees have Pay Revision Committee (PRC) . New pay scales along with perks are decided on the basis of recommendations of PRC.
The 3rd Pay Revision Committee (PRC) recommendations were implemented on January 1, 2017. The recommendations included revised compensation, benefits, and allowances.
3rd PRC Overview
The 3rd Pay Revision Committee (PRC) is a crucial body in India responsible for assessing and suggesting revisions to the pay scales and benefits of public sector employees.
Formed by the government, it examines various factors, including inflation, industry standards, and financial conditions, to make recommendations that are both competitive and sustainable.
The PRC’s proposals have a direct impact on the take-home pay of employees in Public Sector Undertakings (PSUs) and government-owned entities.
These revisions are essential for attracting and retaining skilled talent, maintaining the financial well-being of employees, and ensuring the efficiency and competitiveness of public sector organizations.
Here we are providing list of Central Public Sector Enterprises which has implemented the 3rd Pay Committee recommendations for their employees.
Official 3rd PRC Report:
Click Here!
The government owned corporations are termed as Public sector Undertakings (PSUs) in India. In a PSU majority (51% or more) of the paid share capital is held by central government or by any state government or partly by the central government and partly by one or more state governments.
Several Public Sector Undertakings (PSUs) under the aegis of Government of India regularly provide tremendous employment opportunities in various technical and management areas.
2. 3rd PRC | PSU | Engineer & Officer Salary
| Name of PSU | Salary Details | PSU Details |
|---|---|---|
| Oil & Natural Gas Corporation (ONGC) | Follow me | Follow me |
| Powergrid Corporation India Limited (PGCIL) | Follow me | Follow me |
| National Power Thermal Corporation (NTPC) | Follow me | Follow me |
| Gas Authority of India Limited (GAIL) | Follow me | Follow me |
| Indian Oil Corporation Limited (IOCL) | Follow me | Follow me |
| Bharat Petroleum Corporation Limited (BPCL) | Follow me | Follow me |
| Coal India Limited (CIL) | Follow me | Follow me |
| National Hydroelectric Power Corporation (NHPC) | Follow me | Follow me |
| Airports Authority of India (AAI) | – | Follow me |
| Engineers India Limited (EIL) | Follow me | Follow me |
| Bharat Electronics Limited (BEL) | – | Follow me |
| Hindustan Aeronautics Limited (HAL) | – | Follow me |
| Power System Operation Corporation Limited (POSOCO) | Follow me | Follow me |
| Telecommunications Consultants India Limited (TCIL) | – | – |
| National Aluminium Company Limited (NALCO) | Follow me | Follow me |
| Neyveli Lignite Corporation of India Limited (NLC) | – | Follow me |
| Mazagon Dock Shipbuilders Limited (MDL) | – | Follow me |
| Shipping Corporation of India Limited (SCI) | – | Follow me |
| National Buildings Construction Corporation Ltd (NBCC) | – | Follow me |
| Bharat Heavy Electricals Limited (BHEL) | Follow me | Follow me |
| National Mineral Development Corporation (NMDC) | – | – |
| Power Finance Corporation Limited (PFC) | – | – |
3. 3rd PRC Revised Pay Scales
Comparison of 3rd PRC Old Pay Scale with 3rd PRC New Pay Scale:
Old Pay Scale (Before 3rd PRC / 01.01.2017)
Basic Pay : 12,600
New Pay Scale (After 3rd PRC / 01.01.2017)
Revised Pay : 12,600 X 2.195 X 1.15 = 30,000 (approx.)
| Grade | Existing Pay Scale | Revised Pay Band (01.01.2017) |
|---|---|---|
| E-0 | 12,600 – 32,500 | 30,000 – 1,20,000 |
| E-1 | 16,400 – 40,500 | 40,000 – 1,40,000 |
| E-2 | 20,600 – 46,500 | 50,000 – 1,60,000 |
| E-3 | 24,900 – 50,500 | 60,000 – 1,80,000 |
| E-4 | 29,100 – 54,500 | 70,000 – 2,00,000 |
| E-5 | 32,900 – 58,000 | 80,000 – 2,20,000 |
| E-6 | 36,600 – 62,000 | 90,000 – 2,40,000 |
| E-7 | 43,200 – 66,000 | 1,00,000 – 2,60,000 |
| E-8 | 51,300 – 73,000 | 1,20,000 – 2,80,000 |
| E-9 | 62,000 – 80,000 | 1,50,000 – 3,00,000 |
4. 3rd PRC v/s Pay Scale
| Grade/Level | 1st PRC | 2nd PRC | 3rd PRC |
|---|---|---|---|
| E-0 | 6,550 – 200 – 11,350 | 12,600 – 32,500 | 30,000 – 1,20,000 |
| E-1 | 8,600 – 250 – 14,600 | 16,400 – 40,500 | 40,000 – 1,40,000 |
| E-2 | 10,750 – 300 – 16,750 | 20,600 – 46,500 | 50,000 – 1,60,000 |
| E-3 | 13,000 – 350 -18,250 | 24,900 – 50,500 | 60,000 – 1,80,000 |
| E-4 | 14,500 – 350 – 18,700 | 29,100 – 54,500 | 70,000 – 2,00,000 |
| E-5 | 16,000 – 400 – 20,800 | 32,900 – 58,000 | 80,000 – 2,20,000 |
| E-6 | 17,500 – 400 – 22,300 | 36,600 – 62,000 | 90,000 – 2,40,000 |
| E-7 | 18,500 – 450 – 23,900 | 43,200 – 66,000 | 1,00,000 – 2,60,000 |
| E-8 | 20,500 – 500 – 26,500 | 51,300 – 73,000 | 1,20,000 – 2,80,000 |
| E-9 | 23,750 – 600 – 28,550 | 62,000 – 80,000 | 1,50,000 – 3,00,000 |
| Director (D) | 18,500 – 450 – 23,900 | 43,200 – 66,000 | 1,00,000 – 2,60,000 |
| CMD (D) | 20,500 – 500 – 25,000 | 51,300 – 73,000 | 1,20,000 – 2,80,000 |
| Director (C) | 20,500 – 500 – 25,000 | 51,300 – 73,000 | 1,20,000 – 2,80,000 |
| CMD (C) | 22,500 – 600 – 27,300 | 65,000 – 75,000 | 1,60,000 – 2,90,000 |
| Director (B) | 22,500 – 600 – 27,300 | 65,000 – 75,000 | 1,60,000 – 2,90,000 |
| CMD (B) | 25,750 – 650 – 30,950 | 75,000 – 90,000 | 1,80,000 – 3,20,000 |
| Director (A) | 25,750 – 650 – 30,950 | 75,000 – 1,00,000 | 1,80,000 – 3,40,000 |
| CMD (A) | 27,750 – 750 – 31,500 | 80,000 – 1,25,000 | 2,00,000 – 3,70,000 |
PSU Salary FAQs
What is PSU?
PSU stands for Public Sector Undertaking, which refers to government-owned corporations or companies in various sectors such as oil and gas, banking, power, telecommunications, and more. These PSUs play a significant role in the country's economy and offer lucrative career opportunities to individuals.
What is the salary structure in PSUs?
The salary structure in PSUs varies depending on factors such as the position, level of responsibility, experience, and the specific PSU. Generally, PSUs follow a pay scale system based on the recommendations of the Pay Revision Committee. The salary structure includes basic pay, allowances, perks, and benefits. The overall salary package is competitive and often includes additional benefits like medical facilities, retirement benefits, and performance-based incentives.
How is the salary determined in PSUs?
The salary structure in PSUs is determined based on the guidelines set by the government and the respective PSU. The pay scale is determined considering factors such as the position's responsibilities, industry standards, market conditions, and the profitability of the PSU.
Do all PSUs offer the same salary?
No, the salary offered by PSUs may vary depending on several factors. Each PSU has its own salary structure and pay scales based on the industry, profitability, and level of responsibilities associated with the position. It is advisable to check the specific PSU's official website or recruitment notification for detailed information on salary and benefits.
Is the salary in PSUs higher than in other government jobs?
The salary in PSUs is generally considered competitive compared to other government jobs. PSUs offer attractive compensation packages to attract and retain talented individuals. However, it is important to note that the salary may vary depending on the specific PSU, job position, and the candidate's experience and qualifications.
Are there any allowances in addition to the basic salary in PSUs?
Yes, PSUs offer various allowances in addition to the basic salary. These allowances may include Dearness Allowance (DA), House Rent Allowance (HRA), Travel Allowance (TA), Medical Allowance, Conveyance Allowance, and other special allowances depending on the PSU and the employee's position.
Is there any provision for performance-based incentives in PSUs?
Yes, many PSUs have provisions for performance-based incentives. These incentives are provided to employees based on their performance, targets achieved, and overall contribution to the organization's growth. Performance-based incentives motivate employees to excel in their roles and enhance their overall earnings.
Do PSUs offer retirement benefits?
Yes, PSUs provide retirement benefits to their employees as per the rules and regulations of the respective PSU. These retirement benefits may include Provident Fund (PF), Gratuity, Pension, and other post-retirement benefits.
Are there any career growth opportunities in PSUs?
PSUs provide ample career growth opportunities to their employees. They often have well-defined promotion policies based on performance, experience, and educational qualifications. Employees can climb the hierarchical ladder through promotions and take up higher-level positions with increased responsibilities and better salary packages.
Can the salary structure in PSUs change over time?
Yes, the salary structure in PSUs can change over time. It can be revised periodically based on factors such as government regulations, industry standards, and the financial performance of the PSU. The pay scales and allowances may be revised through Pay Revision Committees and other mechanisms to ensure competitiveness and attract skilled professionals.
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