NIACL Administrative Officer (AO) In Hand Salary, Perks and Allowances

NIACL AO Salary

The Government Jobs are mostly known for following things:
1. Social Status
2. Job Stability
3. Lucrative Salary

And we do understand that these magnets keep bringing Motivation and Passion to crack any Government Exams. In this article we will discuss only one aspect of NIACL AO and that aspect is Salary. Students have been asking this question since the release of the Official Notification.¬†Well, let me be very clear that NIACL is Government owned entity but not exactly Central Government Company. Hence the 7th CPC doesn’t apply to the Employees of New India Assurance Company Limited

The Central Public Sector Enterprises (CPSE) have different salary and pay structure if compared to any of the other CPSEs.

NIACL AO In Hand Salary

After deductions, the In Hand Salary of AO in NIACL remains around Rs. 43,000 To Rs. 45,000

The gross monthly salary of an NIACL AO is around 51,000 (Depends on Posting and various allowances or benefits). The person posted in Tier I city will have higher allowances as compared to the one posted in Tier II or Tier III cities.

NIACL AO Pay Scale

Basic pay of Rs. 32,795/- in the scale of Rs. 32795-1610(14)-55335-1745(4)-62315.

The basic pay is Rs. 32,795. The first 14 increments will be of Rs. 1610 and next 4 increments will be of Rs. 1745. The maximum basic salary of an NIACL AO (not taking any promotion) can go till Rs. 62315.

NIACL AO Salary Distribution

Apart from Basic element, there are various allowances that are added to the NIACL AO Salary. These allowances may differ from Bank to Bank. Let us look at the complete distribution of NIACL AO Salary.

NIACL AO Salary Distribution

Basic Salary Rs. 32,795
Dearness Allowance Rs. 7,000
House Rental Allowance Rs. 9,000
Special Allowances Rs. 2000
Total Salary Rs. 50,795

NIACL AO Salary Deductions

Employee Provident Fund Rs. 3,500
NPS Rs. 2,500
NIACL AO In Hand Salary After Deduction Rs. 44,795

 

Perks and Allowances For NIACL AO

  • Dearness Allowance (DA)
  • House Rent Allowance (HRA)
  • Medical Allowance
  • Transport Allowance (TA)
  • Others

Check Complete Details Of NIACL AO Recruitment 2018

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