Agniveer Salary
Agniveer Salary: Agniveers will be given an attractive customised monthly package along with Risk and Hardship allowances as applicable in the three services. On completion of their engagement period of 4 years, Agniveers will be paid one time ‘Seva Nidhi’ package of Rs 11.71 Lakh which shall comprise their contribution including accrued interest thereon and matching contribution from the Government equal to the accumulated amount of their contribution including interest as indicated below. The salary for Agniveers in the 1st year will be around Rs. 4.76 lakh per annum which increases to Rs. 6.92 lakh per annum for the final year. Besides the annual package, the candidates will be offered with allowances like risk & hardship, ration, dress, and travel allowances. Check complete details for Agniveer Salary including monthly package, in-hand salary, contribution to Agniveer Corpus Fund and corpus fund by GoI for each year in this article.
Agniveer Salary for 1st Year
The Agniveer salary package for the candidates selected in the 1st batch of Agniveers in the Indian Army, Indian Air Force, and Indian Navy would be Rs. 30000 per month salary package out of which Rs. 9000 will be deducted as Contribution to Agniveer Corpus Fund (Seva Nidhi Package). Soldiers will not be entitled to gratuity.
Agniveer Salary for 1st Year | |
Particulars | Amount |
Customised Package (Monthly) | Rs. 30000 per month |
In-Hand Salary (70%) | Rs. 21000 per month |
Contribution to Agniveer Corpus Fund (30%) | Rs. 9000 per month |
Contribution to corpus fund by GoI (30%) | Rs. 9000 per month |
Air Force Agniveer Notification 2023 Out for Vayu 1/2024- Click to Check
Agniveer Salary for 2nd Year
The Agniveer salary package for Agniveers in the Indian Army, Indian Air Force, and Indian Navy in their 2nd year of service would be Rs. 33000 per month salary package out of which Rs. 9900 will be deducted as Seva Nidhi Package.
Agniveer Salary for 2nd Year | |
Particulars | Amount |
Customised Package (Monthly) | Rs. 33000 per month |
In-Hand Salary (70%) | Rs. 23100 per month |
Contribution to Agniveer Corpus Fund (30%) | Rs. 9900 per month |
Contribution to corpus fund by GoI (30%) | Rs. 9900 per month |
Agniveer Salary for 3rd Year
The Agniveer salary package for Agniveers in the Indian Army, Indian Air Force, and Indian Navy in their 3rd year of service would be Rs. 36500 per month salary package out of which Rs. 10950 will be deducted as Seva Nidhi Package.
Agniveer Salary for 3rd Year | |
Particulars | Amount |
Customised Package (Monthly) | Rs. 36500 per month |
In-Hand Salary (70%) | Rs. 25580 per month |
Contribution to Agniveer Corpus Fund (30%) | Rs. 10950 per month |
Contribution to corpus fund by GoI (30%) | Rs. 10950 per month |
Agniveer Salary for 4th Year
The Agniveer salary package for Agniveers in the Indian Army, Indian Air Force, and Indian Navy in their last year of service would be Rs. 40000 per month salary package out of which Rs. 12000 will be deducted as Seva Nidhi Package.
Agniveer Salary for 4th Year | |
Particulars | Amount |
Customised Package (Monthly) | Rs. 40000 per month |
In-Hand Salary (70%) | Rs. 28000 per month |
Contribution to Agniveer Corpus Fund (30%) | Rs. 12000 per month |
Contribution to corpus fund by GoI (30%) | Rs. 12000 per month |
Agniveer Age Limit- Click to Check
Indian Air Force Agniveer Syllabus 2023- Click to Check
Indian Army Agniveer Syllabus 2023- Click to Check
Agniveer Salary Benefits
- Candidate will be covered under Rs. 48 Lakh non-contributory Life Insurance Cover during service.
- Rs. 11.71 Lakh as Seva Nidhi package after exit from service (no income tax deducted).
- 25% of Agniveers will be enrolled in regular cadre of service.
- Risk and Hardship Allowance, Ration, Dress and Travel allowances as applicable
- 30 Days Leaves
- Medical facility
- Canteen Facility
Agniveer Seva Nidhi
Following the release after 4 years period from service in the Indian Army, Indian Navy, and Air Force, the Seva Nidhi package costs approximately Rs 11.71 lakhincluding (Including, interest accumulated on the above amount as per the applicable interest rates would also be paid). Every month 30% of monthly emoluments will be contributed by individuals and an equal amount will be contributed by the Government. Two options to receive the Seva Nidhi package will be provided to each Agniveer, with an aim to provide financial loans for self-employment/entrepreneurship through a bank Guarantee as also to meet immediate/incidental expenses, on exit. Details will be issued separately by the Government of India.
Agniveer Life Insurance Cover
The Agniveer soldiers will get a free insurance cover of Rs 48 lakh for the duration of their service period as per Agneepath Scheme introduced by the government.
Agniveer Death/Disability Compensation
Non-contributory life insurance cover of Rs 48 lakhs with additional Ex. Gratia of Rs. 44 lakh for death attributable to service. The unreserved portion up to 4 years including SevaNidhi Component. The extent of disability or functional incapacity shall be determined in the following manner for the purpose of computing the disability compensation:-
Percentage of disability as Finally accepted | Percentage to be reckoned for computing disability compensation |
Between 20% and 49% | 50% |
Between 50% and 75% | 75% |
Between 76% and 100% | 100% |
Aginveer Payment of Disability/ Death
Aginveer Payment of Disability/ Death | |
Category | Entitlements of Agniveers |
Death during engagement period on Bonafide duty (Category ‘Y’/’Z’) |
(i) Insurance Cover of Rs 48 lakhs. (ii) One-time exgratia Rs 44 Lakhs. (iii) Full pay for an unserved period of upto four years (with effect from date of death) including Seva Nidhi component. (iv) Balance accumulated (as of date) in the individual’s Seva Nidhi fund and Govt contribution including interest from the Agniveer Corpus Fund. |
Death during engagement period not on duty (Category ‘X’) |
(i) Insurance Cover of Rs 48 lakhs. (ii) Balance accumulated (as on date) in the individual’s Seva Nidhi fund and Govt contribution including interest from the Agniveer Corpus Fund. |
Disability (attributed /aggravated due to conditions of engagement) |
(i) One-time exgratia Rs 44/25/15 Lakhs based on % of disability (100/75/50) from Public Fund. (ii) Full pay for an unserved period of up to four years (with effect from date of disability) including Seva Nidhi component (from Public Fund). (iii) Balance accumulated (as of date) in the individual’s Seva Nidhi fund including interest and Govt contribution from the Agniveer Corpus Fund. |
Discover more from Tips Clear News Portal
Subscribe to get the latest posts sent to your email.