CIL MT salary, pay scale, perks & allowances, job profile and posting location

Recently Coal India Limited (CIL) started inviting applications for the post of MANAGEMENT TRAINEES, the recruitment for which will be done through online applications mode.

Now many applicants must be wondering about the pay scale and salary of the MANAGEMENT TRAINEE POST. This article includes all the details of this post that you need to know.


COMPANY PROFILE

Coal India Limited (CIL) is one of the largest Maharatna PSU Company in India headquartered in Kolkata, West Bengal. It is the largest coal producing company in the world.

Career Growth

This is the post of MANAGEMENT TRAINEE in E2 grade. It means selected candidates will be appointed in a Junior Management level of the company. They get fast time bound promotions up to some level.

Places of POSTING

Coal India Limited operates through 81 mining areas from 8 states of India. So the successful candidates can be placed anywhere in these 81 mining areas.

Management Trainee PAY Scale

  • The pay scale for the post of MANAGEMENT TRAINEE in E2 grade will be Rs. 20,600-46,500 at the initial basic pay of Rs. 20,600 during the period of the first year i.e., Training Period.
  • After the successful completion of training, the candidates will be standardized to E3 grade wherein the pay scale will be Rs. 24,900-50,500 at the initial basic pay of Rs. 24,900 with probation for one

The details structure of the pay scale or CTC (Cost To Company) at minimum and maximum of each grade is mentioned in the table below.

Salary ComponentFirst Year Amount in RsAfter 1st year completion
Basic pay2060024900
DA ( 120.3% of Basic pay as on 01.12.2016)2478129955
Perks (approx 50% of Basic pay)1030012450
EPF (Employers contribution 12% of Basic pay plus DA)54466583
Total Gross Salary in Rs per month6112773888

In addition to above salary new Management Trainee also get company accommodation or HRA, Performance related pay, superannuation benefits, Leave traveling allowances etc.  These Allowances may vary depending on the place of posting, the performance of company & individual. The total CTC of a CIL MT post will be more than 9 Lakh which is a very nice amount for a fresh graduate.

OTHER IMPORTANT JOB Conditions

  • The candidates will have to serve the company for a minimum period of 5 years. An amount of Rs. 5000/- will be debited from candidate’s salary for 60 months. For this, the candidates need to sign a Service Agreement Bond.
  • The successful candidates will have to go through a medical examination conducted by the medical board of the company and any decision made by the board will be final.


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