ECGC PO Salary 2022: In-Hand Salary Structure, Perks, Job Profile

ECGC PO Salary 2022: In-Hand Salary Structure, Perks, Job Profile

ByApoorva Gupta  |  Updated on: Mar 29, 2022
Get here elaborated details of the ECGC PO salary along with in-hand salary structure, perks, job profile & career growth. Read the complete page to get the elucidated details.
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The lucrative ECGC PO salary and the highly prestigious work profile fascinate a multitude of aspirants towards itself. The Probationary Officers are entitled to numerous perks, allowances, and other benefits.

The ECGC PO job profile holds an immense reputation. The Export Credit Guarantee Corporation pays the Probationary Officers in accordance with the 7th pay commission. It provides myriad opportunities for career growth for the Officers.

The accurate knowledge about the ECGC PO salary will not only cater the doubts but also fuel the passion among candidates to prepare for the exam. It is essential for the candidates to be acquainted with the ECGC PO job profile to realise whether they are an impeccable fit for the job or not. Fetch the complete cognizance of the ECGC PO in-hand salary, job profile, pay scale perks, and allowances. 

ECGC PO Salary Structure 2022

ECGC offers an attractive salary package to the Probationary Officers in the Executive Officers cadre. The CTC received by the employees posted in Mumbai is approximately 16 lakh per annum according to the ECGC PO salary structure. There are numerous other components of the salary package, like Dearness Allowance, House Rent Allowance etc. Get here the details of the basic pay. Maximum basic pay and ECGC Probationary Officer salary of 2022. 

Details of ECGC PO Salary 2022 

Pay Scale of Probationary Officers 

₹ 32,795-1610(14)-55335-1745(4)-62315

Basic Pay of Probationary Officers 

₹ 32,795 (Increment received by PO for 14 Years = ₹ 1610/-)

ECGC PO Basic Pay after 14 years

₹ 55,335 (Increment received by PO for 14 Years = ₹ 1745/-)

ECGC PO in-hand salary 

Basic Salay+ House Rent Allowances+ Dearness Allowance+ City Compensation- Provident Fund and Pension Contributions. 

Basic Pay [Maximum] 

₹ 62,315

ECGC PO Annual Package 

₹12 LPA – ₹17 LPA Approx.

ECGC PO In-hand Salary

ECGC PO in-hand salary distribution including various allowances benefitted to the employee are as follows: -

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 Perks and Allowances

Numerous perks and allowances add up to the ECGC PO in-hand salary, they cumulatively add on the amount. Along with a highly reputable job profile, a handsome salary structure, the perks and allowances add up to the fascination of the job. The list of the perk and allowances have been mentioned herewith.

Allowances

Amount

Dearness Allowance (DA)

46.9%-75% of the Basic Pay (Changes as per the location of work)

House Rent Allowance (HRA)

7% to 10% of the Basic Pay

City Compensatory Allowances (CCA)

3% to 4% Depending on the Location

Transport Allowance

INR 1330

Pension Scheme 

10% of basic pay + Dearness Allowance 

Mediclaim 

40 Lakhs 

Insurance Cover 

50 Lakhs GIS+ 8 Lakhs GSLI+ 10 Lakhs GTS 

PLI Bonus 

Yearly Basic pay+ Dearness Allowance up to 6% 

Leave Travel Concession 

4500 Km to and fro with family [ 4500 km each] 

Benefit of Cash Medical

₹13300 PA

Furniture Allowance 

₹ 87500+GST [ Can be claimed in once in 5 years] 

ECGC PO Reimbursements 

Along with the above-mentioned allowances, perks and the ECGC salary they are also entitled to numerous reimbursements. The list of the reimbursements along with the amount has been mentioned below. Navigate through the points to get the details of it. 

  • Household Help Expense Reimbursement – Rs.1000 PM
  • Reimbursement for entertainment– ₹800 PM
  • Earned Leaves(EL)- They receive the encashment Of 30 days after every 2 years. 
  • Mobile bill Reimbursement – ₹400 PM
  • Reimbursement for Newspapers  – ₹200 PM
  • Meal coupons on every working day received by PO- ₹ 205
  •  Reimbursements for Mobile bills – ₹10000 once in 3 years
  • Office Carry bag – ₹3000 once in 3 years
  • Around 30000 Income Tax on Perks Per Year paid by the corporation on your behalf

ECGC PO Job Profile And Career Growth

The accurate knowledge of the ECGC PO work profile will assist the applicants in figuring out whether they are a perfect fit for the job or not. They need to work at least 5 days a week. They can get transferred to new locations, and to any of the branches. According to the rules stated by ECGC Ltd, Probationary Officers are bound to work for 3 years in an area before getting transferred to a new location. Here is the ECGC PO work profile, navigate through the points and learn about the upcoming duties and responsibilities. 

  • Their work profile will include the duties of the Export Insurance Provider. 
  • They need to coordinate with the bankers and exporters and interact with them about the numerous deals. 
  • Complete the daily tasks as assigned by the senior managers. 
  • They will have to manage the transactions related to the exports. 

ECGC PO Career Growth

The Export Credit Guarantee presents a plethora of ECGC PO career growth opportunities for Probationary Officers.  The eligible candidates fully equipped with knowledge have the chance of reaching the post of Assistant General Manager which is a Scale V post. Here we have presented the hierarchy of the promotion of the candidates. Take a look at the steps towards promotion. 

  • Executive Officer 
  • Assistant Manager 
  • Manager 
  • Senior Manager 
  • Assistant General Manager 

ECGC PO Salary FAQs

  • The candidates can calculate the ECGC PO salary by using this formula Basic Salary House Rent Allowance Dearness Allowance+ City Compensation- Provident Fund and Pension Contributions. The ECGC Probationary Officer salary is in accordance with the 7th pay commission. The basic ECGC PO salary is INR 32,795/- per month.

  • The ECGC PO Salary is defined by the officials of Export Credit Guarantee Corporation of India Ltd. Selected candidates will receive a basic pay of INR 32,795/- on the scale of ₹ 32,795-1610(14)-55335-1745(4)-62315/-. Other than the salary, Probationary Officers are also entitled to receive various perks & benefits such as DA, HRA, TA, Insurance, etc.

  • The Export Credit Guarantee Corporation provides a lucrative salary structure to Probationary Officers. They are paid in accordance with the 7th pay commission. They receive 12-17 lakhs annually, along with it they are also entitled to various allowances and perks. The ECGC PO salary also depends on the location they are currently working and residing.

  • The main duties and responsibilities of the Probationary Officers of Export Credit Guarantee Corporation are coordinating and interacting with various bankers and exporters for various deals. The applicants who will get selected will work as Export Insurance Providers. They will also have to manage and complete the tasks assigned by the Senior Managers. They need to manage the transactions related to the exports.

  • The Export Credit Guarantee Corporation presents a plethora of Growth Opportunities for Probationary Officers. Along with the ECGC PO salary and the reputable job profile, the candidates also can get promoted to higher levels if they are eligible and cognizant. The hierarchy of the promotion is mentioned below.

    • Executive Officer 
    • Assistant Manager 
    • Manager 
    • Senior Manager 
    • Assistant General Manager
  • With the lucrative ECGC PO salary structure and the reputed job profile, they are also entitled to numerous perks, allowances and reimbursements. The allowances and perks are DA, HRA, CCA, Transport Allowance, Furniture Allowance, Leave Travel Concession etc. The reimbursements are as mentioned, Newspaper Reimbursement, Entertainment, Househelp reimbursement, meal coupons etc.

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