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October 7th, 2016, 03:48 PM
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| IOCL Fresher Salary
Can you tell me about the Pay/Salary of Engineers/ Officers through GATE (Graduate Aptitude Test in Engineering) 2016 offered by IOCL (Indian Oil Corporation Limited)? The Pay/Salary of Engineers/ Officers through GATE (Graduate Aptitude Test in Engineering) 2016 offered by IOCL (Indian Oil Corporation Limited) is as follows: One selected as Engineers/ Officers will receive a starting basic pay of Rs. 24,900/- per month. In addition, one receives Dearness Allowance (DA) and other allowances, according to the rules of the Corporation in force. Other allowances /benefits include HRA/subsidized housing accommodation (depending upon place of posting), medical facilities, performance related pay, gratuity, contributory provident fund, employees pension scheme, group personal accident insurance scheme, leave encashment, leave travel concession (LTC)/ LFA, contributory superannuation benefit fund scheme, conveyance advance/ maintenance reimbursement, performance related incentives (PRP) etc as per rules of the corporation. The Cost-to-Company (CTC) will be about Rs 11.25 lakhs per annum inclusive of performance related pay (PRP). The actual CTC vary depending on place of posting, financial performance of the Corporation and also performance rating of individual. Educational Qualification Engineering Disciplines Candidates should have passed qualifying degree examinations and awarded bachelor’s degree in engineering/technology (full time regular courses only) in the above mentioned disciplines from recognized Indian Universities / Institutes. One belonging to General and OBC (non- creamy layer) categories must have secured minimum 65% marks in qualifying degree examinations. Qualifying marks is relaxed to 55% for Scheduled Caste (SC)/Scheduled Tribe (ST)/People with Disability (PWD) candidates One in final year of the engineering studies also applied. However, if selected, must be in a position to submit the final mark sheet by 31st August, 2016. Engineers/ Officers recruitment through GATE 2016 IOCL     Last edited by Neelurk; March 30th, 2020 at 03:57 PM. |