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ECGC PO is a national-level test administered by the Export Credit Guarantee Corporation of India to fill probationary officer positions in the organisation. On March 21, 2022, the official ECGC PO 2022 Notification was issued, detailing the approximate ECGC PO exam date as well as the most recent openings.
The authority has decided that the ECGC PO recruitment 2022 would be performed in two phases: an online written test, followed by a descriptive test and an interview. The ECGC PO 2022 exam date has also been notified for the online written examination, which will take place on May 29, 2022.
|Exam conducted by the institution||Export Credit Guarantee Corporation of India (ECGC)|
|Post name as per notification||Probationary Officer|
|Vacancies as specified in the notification||75|
|Payscale as per 7th pay commission||INR 3600-2645(14)-90630-2865(4)-102090|
|Online application submission commencement date||21.03.2022|
|ECGC last date for submitting an online application||20.04.2022|
|Final day for paying the application fee||20.04.2022|
|Pre-Examination Training call letters release date||25.04.2022|
|Pre- Examination Training for SC/ST||2022, the first and second weeks of May|
|Call letters for the online written test release date||the first week of May in the year 2022|
|Online written Examination on||29th May 2022|
|Online test result date||Between 15th – 19th June 2022|
|Interview date||July /August 2022|
|Academic qualification||A Bachelor’s degree in any field from a government-approved institution, or an equivalent certification recognised by the government of India. When enrolling online, the candidate must have a valid mark sheet/degree certificate that shows graduation and the percentage of marks earned.|
ECGC PO Salary Structure
Let’s take a closer look at the ECGC PO salary and job profile for 2022. The ECGC PO’s salary is determined by the 7th pay commission. The average monthly wage is INR 53600. In addition to the income, ECGC PO is eligible for the same benefits as any other central government employee. The base wage for the first 14 years is as given above. The ECGC PO receives an annual raise of INR 2645. The ECGC PO will be paid a salary of INR 90630 each month for the following four years, with an annual increase of INR 2845. The ultimate salary is INR 102090 per month, which is also the highest pay an ECGC PO may receive.
|Payment type||Sum in INR|
|Pay Scale||INR 53600-2645(14)-90630-2865(4)-102090|
|Basic Pay||INR 53600 (An increment of 2645 will be provided for 14 years)|
|Basic Pay after 14 years of service||INR 90,630|
|Maximum Basic Pay||INR 1,02,090|
|Total CTC (Cost to company) in Mumbai||16 Lakhs per annum|
ECGC PO In-hand Salary
It should be noted that the in-hand compensation is dependent on a person being assigned to a tier 1 city; consequently, if a person is sent to cities y and z, the in-hand pay will differ. Salary components will also vary depending on where you are assigned, affecting your take-home income.
|Payment type||Sum in INR|
|City Compensation (Depends upon the place of posting)||983|
|Special Functional Allowance||775|
|In hand Salary||1,22,534- 9139= 1,13,395 Approximately|
The ECGC PO salary, as well as several extra bonuses, are determined by the 7th Central Pay Commission, according to the regulations. For 2022, the ECGC PO salary structure includes the INR 32795-1610(14)-55335-1745(4)-62315 pay scale. This implies that the candidates will be paid a basic salary of INR 32,795 for the first 14 years of service, plus INR 1,610 in annual increments. After 14 years, the base income is increased to INR 55,335 For the next four years of service, candidates will get INR 1,745 annual increments in addition to their basic wage, increasing their total basic pay to INR 62,315.
ECGC PO Allowances
The ECGC PO’s in-hand salary is made up of a variety of perks and advantages that accumulate over time. The incentives and allowances, in addition to a well-known work profile and a generous compensation structure, contribute to the appeal of the profession. The following is a list of benefits and allowances.
|Allowance||Amount in INR|
|House Rent Allowance (HRA)||7% to 10% of the Basic Pay|
|Dearness Allowance (DA)||46.9%-75% of the Basic Pay (Changes as per the location of work)|
|City Compensatory Allowances (CCA)||3% to 4% Depending on the Location|
|Pension Scheme||10% of basic pay + Dearness Allowance|
|Transport Allowance||INR 1330|
|PLI Bonus||Yearly Basic pay+ Dearness Allowance up to 6%|
|Insurance Cover||50 Lakhs GIS+ 8 Lakhs GSLI+ 10 Lakhs GTS|
|Leave Travel Concession||4500 Km to and fro with family [ 4500 km each]|
|Furniture Allowance||₹ 87500+GST [ Can be claimed once in 5 years]|
|The benefit of Cash Medical||
Aside from the allowances, benefits, and ECGC wages mentioned above, they are entitled to other reimbursements. The following is a list of reimbursements and their amounts. To discover more about it, scroll through the points.
|Compensations||Sum in INR|
|Reimbursement for entertainment||800 per month|
|Household Help Expense Reimbursement||1000 per month|
|Earned Leaves (EL)||Paid Leaves of 30 days every two years redeemed on Basic, DA, CCA|
|Reimbursement for Newspapers||200 per month|
|Mobile bill Reimbursement||400 per month|
|Meal coupons on every working day received by PO||INR 205 per working day|
|Office Carry bag||3000 once every three years.|
|Mobile Handset Reimbursement||10,000 once in three years.|
|Expenses for Household Help Reimbursement||1000 per month.|
Aside from that, the company will pay INR 30,000 in income tax on benefits on your behalf each year. The firm offers a Defined Pension Scheme, in which the company contributes 10% of basic pay plus DA.
ECGC PO Promotions
The ECGC PO post is well-known and well-respected. Probationary officers at the Export Credit Guarantee Corporation have great professional progression options as well as a good salary package. The ECGC PO’s career advancement chart can be found below.
- Executive Officer/Probationary Officer – Scale I
- Assistant Manager – Scale-II
- Manager – Scale III
- Senior Manager – Scale-IV
- Assistant General Manager – Scale V
Before you fill out the ECGC PO form, you should be aware of the ECGC PO pay and work profile. When you understand your work obligations, as well as the salary and benefits to which you are entitled, everything becomes clear, and you can focus on your preparation for the ECGC PO test.
Knowing more about the job description and wage structure can aid the candidate in visualising how to plan for their future if they are chosen throughout the recruiting process. To learn more about the ECGC PO Exam and other bank and insurance examinations, download the entri app.