IOCL salary in hand for freshers/Engineers 2018

Indian Oil Corporation Limited is one of the largest commercial enterprises in India. With a strong workforce of 30,000, IOC is fulfilling the energy demands of India. In the year 2016, Indian Oil Corporation was listed in prestigious “Global 500” at 161st position.

Indian Oil Corporation recently circulated the notice for the recruitment of Engineers, Research Officers for R&D, and Assistant Officers in Quality Control Marketing division through GATE. In this article is mainly about the pay structure for the post of Engineers at Indian Oil Corporation with the short job description.

Check: IOCL Officers Recruitment Through GATE 2019

PSU Recruitment through GATE 2019

IOCL Engineers Key details

  • This recruitment is for the post of Engineers/Officers i.e. Grade A officers
  • The candidate must appear for GATE examination because the recruitment will be done strictly through the result of GATE.
  • Students with four years Engineer Degree in the streams of Chemical Engineering, Civil Engineering, Computer Science & Information Technology, Electrical Engineering, Electronics & Communications Engineering, Instrumentation Engineering, Mechanical Engineering, Metallurgical Engineering and Polymer Science & Engineering from recognized Institutes/University are eligible to apply for this post.
  • For the post of Research Officer Postgraduation is must along with the engineering degree.
  • For the post of Assistant Officer Quality control in marketing division, MSc Chemistry or equivalent degree is must to apply for the IOCL.

IOCL Salary for freshers

On successful appointment, engineers are placed in IDA pay scale of E3 (60,000- 1,80,000) grade. The basic pay for the post of Engineers and Research Officers falling under Grade A is INR 60,000.

In the case of Assistant Officer, the revised pay scale after 3rd PRC is 50,000 – 1,60,000 after regular appointment in the service.

The Dearness Allowance (D.A.) is 7.3% of the Basic Pay. The House Rent Allowance (H.R.A.) for the Officers depend on the class of city of posting. HRA varies from 8% to 24% of the basic pay of an employee. The cafeteria Approach given to the Engineers/Officers is 35% of Basic Pay. The total Cost to Company is more than Rupees 15 Lakhs. Here is the salary breakup for IOCL Officers.

IOCL Salary after 3rd PRC
ComponentEngineers / Officers / Reasearch OfficersAssistant Officers
Post TypeGroup A/ Class-I
Pay Scale50,000 – 1,60,00060,000 – 1,80,000
Basic Pay50,00060,000
Other Benefits45,00054,480
Minimum Monthly Gross Salary in Rs95,0001,14,480

Facility available to IOCL Officers

  • Medical facilities for self and family members
  • Performance Related Pay (PRP)
  • Gratuity
  • Contributory Provident Fund
  • Employees’ Pension Scheme
  • Leave Encashment
  • Leave Travel Concession (LTC)/(LFA)
  • Group Personal Accident insurance scheme
  • Contributory Superannuation Benefit Fund
  • Conveyance Advance / Maintenance Reimbursement
  • Performance related incentives
  • Laptop at INR 50,000/-
  • Mobile Phone at INR 15,000/-
  • Furniture worth INR 1,20,000/-
  • INR 2600/- for two-wheelers
  • INR 5800/- for four-wheelers

IOCL Pay Scale and Promotions

Assistant Officer is the lowest rank executive in the management grades. Officer or Engineer is the next immediate post and then Senior Officer or Assistant Manager post there. The IOCL executives cadre hierarchy shown hereunder with corresponding pay scales attached to each grade. On promotions, the grade, as well as the post name and pay scale of an officer, get upgraded to the next level as represented in the table.

IOCL Salary Structure for Engineers
GradePost NamePay Scale
AoAsstt. Officer / EngineerRs.50,000 – 1,60,000/-
AOfficer / EngineerRs.60,000 – 1,80,000/-
BSr. Officer / Sr. Engr. / Asst. ManagerRs.70,000 – 2,00,000/-
CDeputy ManagerRs.80,000 – 2,20,000/-
DManagerRs.90,000 – 2,40,000/-
ESenior ManagerRs.1,00,000 – 2,60,000/-
FChief ManagerRs.1,20,000 – 2,80,000/-
GDy. General ManagerRs.1,20,000 – 2,80,000/-
HGeneral ManagerRs.1,20,000 – 2,80,000/-
IExecutive DirectorRs.1,50,000 – 3,00,000/-
Director (Schedule A)DirectorRs.1,80,000 – 3,40,000/-
Chairman (Schedule A)ChairmanRs.2,00,000 – 3,70,000/-

Posting Places

The successful candidates can be placed anywhere in the registered office, corporate office, Refineries Division, Pipelines Division, Marketing Division, IBP Division or any other group IOC companies as per the enterprise requirements the details of which are given below.

Registered Office

  • Indian Oil Bhavan, Mumbai

Corporate office

  • New Delhi

Refineries Division

  • New Delhi (Delhi)
  • Begusarai (Bihar)
  • Vadodara (Gujarat)
  • Guwahati (Assam)
  • Midnapur (West Bengal)
  • Mathura (Uttar Pradesh)
  • Panipat (Haryana)
  • Dhaligaon (Assam)
  • Paradip (Odisha)

Pipelines Division

  • Noida (Head Office)
  • Panipat (Northern Region)
  • Rajkot (Western Region)
  • Chennai (Southern Region)
  • Kolkata (Eastern Region)

Marketing Division

  • Mumbai (Head Office)
  • New Delhi (Northern Region)
  • Kolkata (Eastern Region)
  • Mumbai (Western Region)
  • Chennai (Southern Region)

Assam Oil Division

  • Digboi (Assam)

IBP Division

  • Kolkata

Group Companies

  • Chennai Petroleum Corporation Limited (Chennai)
  • Indian Oil (Mauritius) Limited (Port Louis, Mauritius)
  • Lanka IOC PLC (Colombo, Sri Lanka)
  • IOC Middle East (Dubai, UAE)
  • Indian Oil – CREDA Biofuels Limited (Raipur)

12 thoughts on “IOCL salary in hand for freshers/Engineers 2018”

  1. Sir/mam main B-Tech final year ka student hu,main dono pero se handicap hu kya main b PSU ke liye apply kr skta hu

    • Yes, PSUs have the reservation for the PwD students. Just appear in the GATE 2019 examination and try to get a good score.

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