Welcome to our article about ECGC PO Salary 2023! If you’re considering a career in the banking and finance sector, then the ECGC PO (Probationary Officer) role is a great option to explore. The ECGC (Export Credit Guarantee Corporation of India) is a government-owned company that provides credit insurance to exporters in India. The ECGC PO is responsible for managing and promoting credit insurance services to exporters and ensuring the smooth functioning of the company’s operations. One of the most attractive aspects of this role is the competitive salary package that comes with it.
In this article, we will delve into the details of the ECGC PO Salary 2023, including the basic pay, allowances, and benefits. So, if you want to know more about the salary structure of an ECGC PO, read on!
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ECGC PO Salary 2023: Salary Slip
The ECGC PO Salary 2023 is quite impressive, and it increases with experience and promotions. The basic pay of an ECGC PO is Rs. 28,150/- per month. In addition to the basic pay, an ECGC PO is also entitled to various allowances and benefits, such as Dearness Allowance, House Rent Allowance, Medical Allowance, and Travel Allowance, among others. The table below provides a breakdown of the ECGC PO Salary Slip 2023:
| Component | Amount |
|---|---|
| Basic Pay | Rs. 28,150/- per month |
| Dearness Allowance (DA) | Rs. 12,444/- per month |
| House Rent Allowance (HRA) | Rs. 2,825/- per month |
| Medical Allowance | Rs. 5,000/- per annum |
| Travel Allowance | Rs. 4,000/- per annum |
| Gross Salary | Rs. 51,904/- per month |
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ECGC PO Salary 2023 Per Month
ECGC PO Salary per month is the basic salary that is credited to the employee’s account on a monthly basis. The salary per month varies based on the position, experience, and other factors. The table below shows the salary structure for ECGC PO per month:
| ECGC PO Salary Structure | Amount (INR) |
|---|---|
| Basic Pay | 28,150 |
| Dearness Allowance (DA) | 13,519 |
| House Rent Allowance (HRA) | 2,815 |
| City Compensatory Allowance (CCA) | 1,130 |
| Total | 45,614 |
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ECGC PO Salary in Hand 2023
The ECGC PO salary in hand for 2023 will vary based on the employee’s place of posting and other factors such as allowances, deductions, and taxes. However, as per the current pay structure, an ECGC PO can expect a basic salary of around INR 28,000 to INR 30,000 per month. In addition to the basic salary, ECGC POs receive allowances such as dearness allowance, house rent allowance, medical allowance, and leave travel concession, which adds to the salary in hand. However, deductions such as EPF, NPS, and income tax will also be applicable, which can lower the final salary in hand. Overall, the ECGC PO salary in hand for 2023 will depend on several factors and will vary from employee to employee.
The table below shows the ECGC PO Salary in Hand in 2023:
| ECGC PO Salary Structure | Amount (INR) |
|---|---|
| Basic Pay | 28,150 |
| Dearness Allowance (DA) | 13,519 |
| House Rent Allowance (HRA) | 2,815 |
| City Compensatory Allowance (CCA) | 1,130 |
| Gross Salary | 45,614 |
| EPF | 3,378 |
| NPS | 1,767 |
| Income Tax | 5,000 |
| Total Deductions | 10,145 |
| In-Hand Salary | 35,469 |
ECGC PO Salary 2023: Allowances
Apart from the basic salary, ECGC POs are entitled to the following allowances:
- Dearness Allowance (DA): 17% of basic salary, revised every quarter based on CPI
- House Rent Allowance (HRA):
- Metro cities: 9% of basic salary
- In other cities: 8% of the basic salary
- Medical Allowance: up to INR 8,000 per annum
- Leave Travel Concession (LTC): available every four years for employee and family travel expenses
- Provident Fund (PF): 12% of the basic salary
- Gratuity: 15 days’ basic salary for each completed year of service, up to a maximum of INR 20 lakhs.
Here’s a table summarizing the ECGC PO salary and allowances:
| Allowance/ Benefit | Amount/ Percentage |
| Basic Salary | INR 28,150 per month |
| Dearness Allowance | 17% of basic salary |
| House Rent Allowance | Metro cities: 9% of basic salary Other cities: 8% of basic salary |
| Medical Allowance | Up to INR 8,000 per annum |
| Leave Travel Concession | Every four years |
| Provident Fund | 12% of basic salary |
| Gratuity | 15 days’ basic salary for each completed year of service, subject to a maximum of INR 20 lakhs |
ECGC PO Salary 2023: FAQs
The basic pay for an ECGC PO in 2023 is Rs. 28,150/- per month.
An ECGC PO is entitled to various allowances in 2023, including Dearness Allowance, House Rent Allowance, Medical Allowance, and Travel Allowance, among others.
The total gross salary of an ECGC PO in 2023 is Rs. 51,904/- per month.
The ECGC PO salary per month in 2023 is Rs. 45,614/-.
The deductions from an ECGC PO’s salary in 2023 include EPF, NPS, and income tax, among others.
