PGCIL Highest Package PSU.
Package After Training Rs. 21 lakhs / Annum.
PGCIL ET Salary 2023 – Power Grid Corporation of India Limited (PGCIL) is a leading power transmission company in India that provides efficient and reliable power transmission services. The company offers several job opportunities for young and dynamic individuals who are looking to build a career in the power sector. One such opportunity is the position of Executive Trainee (ET). In this article, we will discuss the salary structure of PGCIL Executive Trainees.
PGCIL Executive Trainees are recruited through the GATE (Graduate Aptitude Test in Engineering) score and subsequent selection process. The Executive Trainees undergo an intensive training program for one year, which includes classroom training as well as on-the-job training. After successful completion of the training program, they are absorbed as Assistant Manager in the company.
The salary structure of PGCIL Executive Trainees is quite lucrative. The basic pay for the post of Executive Trainee is Rs. 60,000 per month. In addition to the basic pay, the Executive Trainees are entitled to various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), and other benefits such as medical reimbursement, performance-related pay, and Leave Travel Concession (LTC).
The Dearness Allowance (DA) is revised twice a year, and it is based on the Consumer Price Index (CPI) data. The current DA rate for PGCIL employees is 17%. The House Rent Allowance (HRA) is based on the location of the posting and is calculated as a percentage of the basic pay. The HRA rate varies from 24% to 30% of the basic pay, depending on the location.
Apart from these allowances, PGCIL Executive Trainees are also entitled to performance-related pay (PRP). The PRP is linked to the performance of the employee and is paid annually. The maximum PRP that an employee can receive is 40% of the basic pay.
PGCIL Executive Trainees are also eligible for other benefits such as medical reimbursement, which covers the medical expenses of the employee and his/her family members. The company also provides Leave Travel Concession (LTC) to its employees, which allows them to travel to any part of India once in two years and get reimbursed for the expenses incurred.
Contents
PGCIL Company Details
Name of Organization : Power Grid Corporation of India Limited (PGCIL)
Type : Public Sector Undertaking
Website : http://www.powergridindia.com
PGCIL Recruitment 2023: Overview
| Name of Organization | Power Grid Corporation of India Limited (PGCIL) |
| Name of Post | Executive Trainee (ET) |
| Exam Level | National-level |
| Frequency | Annually |
| Job location | India |
| Application mode | Online |
| Mode of exam | Online |
| Selection procedure |
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| Official Website | http://www.powergridindia.com |
PGCIL ET Salary
PGCIL ET Salary in hand & Pay scale :
Name of Post : Executive Trainee (ET)
Salary : Rs. 1,29,828 /-
CTC : Rs. 21 Lakhs (approx)
PGCIL Executive Trainee (ET) Salary
| Salary Component | Amount (Rs.) |
| Pay Scale | 60,000 – 1,80,000 |
| Basic Pay | 60,000 |
| DA (Dearness Allowances) | 5,280 |
| Superannuation Benefits | 19,548 |
| Perks | 21,000 |
| PRP | 24,000 |
| Total Gross Salary | 1,29,828 |
PGCIL Engineer Promotion & Pay Scale
| Level | Old Pay Scale | Revised Pay Scale |
| E1 | 20,600 – 46,500 | 50,000 – 1,60,000 |
| E2 | 24,900 – 50,500 | 60,000 – 1,80,000 |
| E3 | 29,100 – 54,500 | 70,000 – 2,00,000 |
| E4 | 32,900- 58,000 | 80,000 – 2,20,000 |
| E5 | 36,600 – 62,000 | 90,000 – 2,40,000 |
| E6 | 43,200 – 66,000 | 1,00,000 – 2,60,000 |
| E7 | 51,300 – 73,000 | 1,20,000 – 2,80,000 |
| E8 | 51,300 – 73,000 | 1,20,000 – 2,80,000 |
| E9 | 62,000 – 80,000 | 1,50,000 – 3,00,000 |
PGCIL ET Allowances & Facilities
PGCIL ET will not only get handsome salary but also get good amount of facilities & allowances. Which will also provided to newly recruited executives of the company as given below :
1. Dearness Allowance
2. Allowances under Cafeteria Approach limited to 35% of Basic Pay
3. Company Leased Accommodation / HRA
4. Locational Allowances
5. Performance Related Pay
6. Telephone / Mobile / Internet Facility
7. Conveyance Reimbursement
8. Medical Facilities, Group Insurance
9. Personal Accident Insurance
10. Gratuity
11. Pension
12. Short and Long term Loans & Advances
PGCIL ET Salary FAQs
An PGCIL ET earns a basic pay of INR 60,000 along with other allowances. Salary of PGCIL ET per month is around Rs. 1,30,000/-.
PGCIL ET salary in hand after 7th pay commission would be approx Rs. 1,30,000/-.
The various allowances that PGCIL ET receives are: Dearness Allowance, House Rent Allowance, Travel Allowance, Pension, Medical Facilities, Provident Fund.
The different levels of ET are E2, E3, E4, E5, E6, E7, E8, and E9 in PGCIL.
The new employee must successfully complete the probationary period of 2 years and after that the job is permanent. What is the salary of PGCIL ET per month?
What would be PGCIL ET salary after 7th pay commission?
What are the allowances that PGCIL ET receives?
What are the different levels of scientists in PGCIL?
Are jobs provided by PGCIL permanent jobs?
| GATE (Reasoning & Aptitude & Maths) Books
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| GATE Guide Books
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PSUs Total Information & Guidance
Click below given links to get further information.
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