Last updated on May 13th, 2023 at 03:40 pm
The Pension Fund Regulatory and Development Authority (PFRDA) is a statutory body responsible for regulating and developing the pension sector in India. PFRDA offers a lucrative career opportunity for individuals looking to work in the financial sector as an Assistant Manager. The job comes with a handsome salary package and numerous benefits, making it a desirable career choice for many. In this article, we will provide you with all the details regarding the PFRDA Assistant Manager salary, including pay scale, allowances, perks, and benefits, to help you make an informed decision about pursuing this career path. So, read on to know more!
PFRDA Assistant Manager Salary: In-Hand Salary
The PFRDA Assistant Manager is a prestigious position in the financial sector. The salary of the PFRDA Assistant Manager is an important aspect that aspirants look forward to while applying for this post. The salary of the PFRDA Assistant Manager is calculated by considering various components such as basic pay, DA, HRA, TA, etc. The in-hand salary of the PFRDA Assistant Manager is the amount that an employee receives after the necessary deductions.
The gross salary of the PFRDA Assistant Manager is Rs. 1,40,000/-. The in-hand salary is calculated after deducting components such as Provident Fund, ESIC, tax-saving investments, medical insurance, retirement plan contributions, etc. The net per month salary of the PFRDA Assistant Manager is based on the number of deduction components in the gross salary.
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PFRDA Assistant Manager Salary: Qualification Allowances
Apart from the regular salary and benefits, a PFRDA Assistant Manager is also eligible for qualification allowances based on their completion level of a particular qualification. The allowance amount varies depending on the qualification completed. The table below showcases the details of the qualification, completion level, and respective monthly qualification allowance for a PFRDA Assistant Manager.
| Qualification | Completion Level | Qualification Allowance (Per month) |
| Finance & Accounts | ACA / ACMA (erstwhile AICWA) / ACS/ CFA | Rs. 3,500/- |
| Economics / Statistics / Law / Finance | Doctorate of Philosophy (Ph.D.) | Rs. 3,500/- |
| Actuarial | Institute of Actuaries of India (IAI) fellow | Rs. 80,000/- |
| Actuarial | Exemption or Pass in all Seven (07) ‘Core Principles’ subjects of the Institute of Actuaries of India (IAI) Examination | Rs. 15,000/- |
| Information Technology | Master’s Degree | Rs. 3,500/- |
These allowances are a great incentive for employees to pursue higher education and gain advanced knowledge in their field of work. PFRDA encourages and rewards its employees for their efforts in further enhancing their skills and knowledge.
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PFRDA Assistant Manager Salary: Benefits
In addition to the PFRDA Assistant Manager salary and qualification allowances, the employees of Officer Grade A are eligible for various other benefits. These benefits are aimed at providing a comfortable work environment and ensuring the well-being of the employees.
| Benefits | Details |
| Personal Accident Insurance | Coverage of up to Rs. 50 lakhs |
| Leave Fare Concession | Every two years, employees can claim expenses for travel to any place in India with family |
| Education Allowance | Coverage of up to Rs. 1 lakh per child per annum for tuition fees, books, etc. |
| Medical Expenses | Reimbursement of medical expenses for hospitalization and non-hospitalization |
| Eye Refraction/Cost of Spectacles, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses | Coverage of up to a certain amount for each of these expenses |
| House Cleaning Allowance | Reimbursement of house cleaning expenses up to Rs. 2,250 per month |
| Staff Furnishing Scheme, Scheme for Purchasing Computers, Sodexo Meal Card, and all the other benefits are admissible. | Employees are eligible for various other benefits such as furniture purchases, computer purchases, meal cards, and more. These benefits are subject to certain terms and conditions, and employees should refer to the official website for more details. |
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PFRDA Assistant Manager Salary:
As an Officer Grade A (Assistant Manager) in PFRDA, an employee can progress in their career based on their performance and tenure of service. The above table lists the various levels at which an Assistant Manager can be promoted, with the corresponding designations
| Level of Promotion | Designation |
| Level 1 | Manager |
| Level 2 | Assistant General Manager |
| Level 3 | Deputy General Manager |
| Level 4 | General Manager |
| Level 5 | Chief General Manager |
| Level 6 | Executive Director |
| Level 7 | Whole Time Member |
| Level 8 | Chairperson |
PFRDA Assistant Manager Salary: FAQs
The basic pay scale for PFRDA Assistant Manager is Rs. 28,150 – Rs. 55,600.
The gross salary of the PFRDA Assistant Manager is Rs. 1,40,000/-.
The qualification allowances for PFRDA Assistant Manager vary based on the completion level of a particular qualification.
The benefits available to PFRDA Assistant Manager employees include personal accident insurance, leave fare concession, education allowance, medical expenses, and more.
Yes, PFRDA Assistant Manager is considered a prestigious position in the financial sector.