What is In-Hand Salary and perks in PSU through GATE?
Graduate Aptitude Test in Engineering, popularly known as the GATE exam is a beneficial engineering competitive exam that has helped several individuals across the country receive valuable professional opportunities. One of the primary goals to apply and appear for the GATE exam is to receive the appreciating hefty PSU salary through GATE associated with the PSU jobs. Additionally, it is also one of the most significant reasons that encourage talented engineering students to prepare for this competitive exam to their fullest potential.
Talking about the PSU salary through GATE, certain factors determine the selected candidate’s salary. If you think the salary across different PSUs is the same, you must understand that certain factors are responsible while determining the respective PSU. This includes GATE rank, location, performance level, and the latest government guidelines.
Different components of the PSU salary through GATE:
If you have chosen to travel and evolve through the PSU path via the GATE exam, you must have fair idea about the components of the PSU salary via GATE. The most crucial aspects linked with the PSU job salary include the following:
- Basic salary: The basic salary associated with the PSU officer via the GATE exam is the base GATE salary amount that the candidate receives every month. It is a critical part of the PSU salary structure. Usually, most aspirants are impressed with the PSU pay scale and the facilities associated with the same. The PSU salary after 10 years becomes an impressive one for most PSU officers who have received selection as a prestigious employee with the respective PSU.
- Perks and allowances: The perks and allowances that a PSU officer receives during his/ her tenure at the respective PSU include several perks and allowances. Some perks and allowances include Travelling Allowance (TA), Dearness Allowance (DA), House Rent Allowance (HRA), and city compensation allowance, to name a few. This includes travel allowances, medical expenses, and free health check-ups at specified government hospitals. Apart from this, Children’s Educational Allowance is one of the unique perks and allowances that PSU officers receive during their tenure as an officer at the respective PSU.
- Reimbursement: While considering the PSU salary through GATE exam, reimbursement is an attractive addition to the PSU Job Salary. You must keep a note that most PSUs provide the facility to the employees to reimburse the acceptable expenses from time to time. The PSU jobs salary becomes even more remarkable with the reimbursement facility.
- Insurance: Health insurance and life insurance are some of the crucial aspects associated with the PSU salary through GATE Such facilities are highly beneficial for PSU employees and concerned family members. Additionally, you will also receive post-retirement facilities in the form of insurance coverage (as per the respective PSU).
PSU Salary Structure through GATE
If you have qualified for the GATE exam and do not want to opt for higher studies, you can go ahead with the PSU jobs, which get an impressive salary after GATE exam.
Here is the list of the PSU salary through GATE for the candidates selected to provide their knowledge and skills to the respective Public Sector Undertaking.
| Organization | Salary Structure |
|---|---|
| Oil & Natural Gas Corporation Limited (ONGC) | ₹ 60,000 to ₹ 1,80,000 |
| Coal India Limited (CIL) | ₹ 50,000 to ₹ 1,60,000 |
| Steel Authority of India (SAIL) | ₹ 60,000 to ₹ 1,80,000 |
| Gas Authority of India (GAIL) | ₹ 60,000 to ₹ 1,80,000 |
| Bharat Petroleum Corporation Limited (BPCL) | ₹ 40,000 to ₹ 1,40,000 |
| Hindustan Petroleum Corporation Limited (HPCL) | ₹ 60,000 to ₹ 1,80,000 |
| Nuclear Power Corporation of India Limited (NPCIL) | ₹ 56,100 (as per Level 10 of the Pay Matrix) |
| Airport Authority of India Limited (AAI) | ₹ 40,000 to ₹ 1,40,000 (at initial – Junior Executive level) |
| Oil India Limited (OIL) | ₹ 60,000 to ₹ 1,80,000 |
| Power Grid Corporation of India Limited (PGCIL) | ₹ 40,000 to ₹ 1,40,000 |
Thus, the above-mentioned information table explains the top PSUs salary structure linked with the PSU salary through GATE exam. You can refer to these figures and get set to prepare and crack the interviews associated with the respective PSU after securing a top GATE rank in the competitive exam.
Career growth:
PSU salary through GATE increases with experience, number of years at service, and performance while serving the respective post at PSU.
Most PSUs have their training period and probation period that usually averages 1 year in most cases. When a candidate joins the PSU, he/she receives the position of trainee at the junior level (in most cases). Once the concerned authorities confirm the candidate post-training period, he/she becomes a permanent employee. After this, he/she can completely enjoy the facilities mentioned in the components section above.
Now, let us dive into the most frequently asked questions associated with the PSUs.
FAQs:
1. Is there any particular rank that will lead to selection at PSUs via the GATE exam?
Ans. The selection at PSUs via GATE exam widely depends on the secured rank and cut-off of the respective PSU. Almost every PSU release their official cut-off every year, which varies from one PSU to another.
2. How to apply for the recruitment drive at any PSU via the GATE exam?
Ans. If you are planning to utilize your GATE rank efficiently, you can apply for the respective PSUs recruitment drive to become eligible for the interview at the respective PSU. Here are the recommended steps that one must choose to apply, appear, and receive selection at the respective PSU.
- First, you must visit the official website of the respective PSU.
- You will find the application form to apply for the respective vacancies.
- As per the sections present in the application form, you must add the information in the respective areas. This includes the GATE registration ID, other details related to the GATE exam, and personal details asked in the application form.
- You must keep the documents required for the application process handy. This will help you fill up the application form properly without experiencing any hassles during the application process.
- This completes the application process associated with the government jobs that provide PSU salary through GATE
3. What are the documents required to apply for PSU jobs?
Ans. If you are eyeing to apply for PSU jobs, you must keep certain documents handy before you commence with the PSU jobs application process.
- Identification proof (ID proof)
- Residential proof
- Category certificates (also known as caste certificates) – especially valid for SC/ST/OBC castes.
- Education certificate
- Age proof (specifically birth certificate)
- Disability certificate (if any)
- Ex-servicemen certificate
- Sports quota certificate
4. Are PSU jobs permanent?
Ans. Usually, PSU jobs are permanent. However, you must understand that this can change if any government employee uses unfair means, corruption, or commits any unacceptable offense.
5. What are the different types of PSUs?
Ans. The different types of PSUs include Navratna, Maharatnas, Miniratna – 1, and Miniratna – 2.
6. Which type of PSU holds the maximum recognition and status?
Ans. Navratna PSUs hold the maximum recognition and status among all PSUs.
7. How are PSUs classified?
Ans. PSUs are classified into different categories. This includes Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs), and State Level Public Enterprises (SLPEs).
8. What are the different types of CPSEs?
Ans. The two types of CPSEs include strategic CPSEs and non-strategic CPSEs.
9. Can I choose a PSU where I can work and start my career?
Ans. After you score decent marks in the GATE exam, you become eligible to apply and appear for the PSU recruitment process.
10. Which aspects vary in case of different PSUs w.r.t. candidate selection?
Ans. The different aspects that vary in the case of different PSUs include educational eligibility, age limit, selection process, and PSU pay scale.
11. Do PSUs recruit candidates without GATE scores?
Ans. This completely depends on the respective PSU’s recruitment guidelines and vacancies available at that point of time.
12. Is the GATE score mandatory to receive selection at PSU?
Ans. The GATE score is a crucial parameter that determines a candidate’s selection at PSU. If you are an engineer and planning to build your career with a government job, you must prioritize securing a good GATE score in the attempt.
13. Which are the PSUs that recruit engineers with the GATE score?
Ans. The PSUs that recruit engineers with the GATE score include NTPC, BHEL, ONGC, IOCL, BPCL, HPCL, and SAIL, to name a few.
14. Is there any fixed hike for government employees at PSU?
Ans. As per the recent updates, the government employees at PSU receive an average hike of 12%. The percentage is subject to vary depending on the employee performance, and government policies at that time.
15. Which is better – PSU or IES?
Ans. IES officers receive several perks that are significantly higher as compared to PSU officers. PSU jobs offer a wide range of exposure and facilities when compared to the IES profile. This makes the PSU salary through GATE an impressive one for several exam aspirants out there. Therefore, you need to weigh the pros and cons of each opportunity in the government sector.
Thus, these are certain details about the PSU-related profiles selected via the GATE exam. Keep the numbers and facts in mind to keep yourself self-motivated throughout the GATE exam preparation.
All the best!
Feel free to drop your queries in the comments section below.
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