Salary
One of the reasons why PSU jobs are preferred by many aspirants is its lucrative salary structure. Selected as a CIL MT in Legal stream you will come under E-2 Grade. Coal India MT in hand salary will be Rs 50,000 / month in the pay scale of Rs 50,000 – 1,60,000 at the initial stage. Once you complete your training period you will be regularized in E-3 Grade. In such case, your initial Coal India MT salary will be Rs 60,000 in the pay scale of Rs 60,000 – 1,80,000 / month. You will be eligible for this regularization only if you pass the internal exam as conducted. Further details on the Coal India MT Legal salary structure is given below.
| Post | Pay Scale |
|---|---|
| Management Trainee | Rs 50,000 – 1,60,000 |
Perks and Allowances
Besides the CIL MT salary mentioned above you will also be eligible for various perks and allowances as mentioned below.
- Dearness Allowance
- HRA
- Leave
- Medical facilities
- CMPF
- Gratuity
- Performance Related Pay
You will also be eligible for CIL Executive Defined Contribution Pension Scheme as per organization rules. Depending upon the posting place, company financial performance and individual rating performance your overall remuneration may wary.
Service Bond
Selected as a Management Trainee in CIL Legal stream you need to serve the organization for a minimum period of 60 months/ 5 years from the joining date. You need to execute a service bond of Rs 3 Lakhs + GST at the time of joining
Note: You can be posted anywhere in CIL subsidiary companies including Coalfield areas.
