RVCE Placement: Highlights, Salary-wise Breakup, TrendsJuly 2, 2013
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Indian Airforce Agniveer Vayu Retirement Package 2022: The Indian Air Force (IAF) is conducting Indian Airforce Agniveer Vayu recruitment under the Agnipath scheme. Under the scheme, the service period of candidates selected as Agniveer is four years. Candidates interested in the post should know the salary as well as the retirement package and benefits they are entitled to get after the service.
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The starting salary of Indian Airforce Agniveer Vayu is Rs. 30,000/-. Furthermore, candidates will get a fixed yearly increment. In addition, they will get Risk and Hardship allowances, Dress and Travel allowances, leaves, Medical and CSD facilities, and life insurance cover. Continue to read the article to find out more about the IAF Agniveer Vayu Retirement Package.
As per the Agnipath scheme, Agniveer Vayu candidates will serve in the Indian Air Force for four years. After the service, they will get a one-time Seva Nidhi package. The Seva Nidhi package comprises their monthly contribution along with a matching contribution by the Government of India (GoI) on completion of their engagement period.
Candidates can check the detailed salary package and retirement package from the table below:
|Contribution to Agniveers Corpus Fund|
|Contribution to Corpus fund by GoI|
|1st Year||Rs. 30,000||Rs. 21,000||Rs. 9,000||Rs. 9,000|
|2nd Year||Rs. 33,000||Rs. 23,100||Rs. 9,900||Rs. 9,900|
|3rd Year||Rs. 36,500||Rs. 25,550||Rs. 10,950||Rs. 10,950|
|4th Year||Rs. 40,000||Rs. 28,000||Rs. 12,000||Rs. 12,000|
The total contribution to Agniveers Corpus Fund after four years is as follows:
|Contribution to Agniveers Corpus Fund||Rs. 5.02 Lakhs|
|Contribution to Corpus fund by GoI||Rs. 5.02 Lakhs|
|Seve Nidhi Package after four years||Rs. 10.04 Lakhs|
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Candidates can check all the benefits that Agniveer Vayu will get after joining as well as retirement below:
The Agniveer Vayu candidates will get as per the organisation. The following leaves are applicable during the engagement period:
During the engagement period in the Indian Air Force, Agniveervayu is entitled to the medical facility at Service Hospitals as well as CSD provisions.
Agniveer Vayu will be provided with a non-contributory life insurance cover of Rs. 48 lakhs for the duration of their engagement period in IAF. Furthermore, they are not eligible for Air Force Group Insurance Fund (AFGIS) schemes/ benefits.
Agniveer Vayu candidates will not be governed by provisions contained in the Pension Regulations/ Rules for IAF. In case of death, the following will be admissible to Next of Kin (NOK) from the Agniveer Corpus Fund:
The death for the purpose of provision of financial benefits to Agniveer candidates is divided into the following three categories:
|Category X||Death due to natural causes is neither attributable to nor aggravated by military service during the engagement period.|
|Category Y||Death due to causes which are accepted as attributable to or aggravated by military service or due to accidents/ mishaps in the performance of duties, including training during the engagement period.|
|Category Z||During the engagement period:|
– Death due to acts of violence/ attack by terrorists, anti-social elements, enemy, during border skirmishes/ war/ peacekeeping operations/ aid to the civil power, etc.
– During operational preparation and training for war, including battle inoculation training/ exercise.
– Accidental deaths due to natural calamities/ operations specially notified by the Govt, etc.
In case any candidate is placed in the Permanent Low Medical Category (LMC), the authorities will assess the compensation based on the percentage of disability and attributability. The process to determine the extent of disability or functional incapacity for computing the disability compensation is as follows:
|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%|
Candidates can also check:
|Indian Airforce Agniveer Vayu Registration||Indian Airforce Agniveer Vayu Recruitment|
|Indian Airforce Agniveer Vayu Application Form||Indian Airforce Agniveer Vayu Mock Test|
|Indian Airforce Agniveer Vayu Eligibility||Indian Airforce Agniveer Vayu Preparation Tips|
|Indian Airforce Agniveer Vayu Exam Pattern||Indian Airforce Agniveer Vayu Syllabus|
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Aspirants can check some commonly asked questions related to the Indian Air Force Agniveer Vayu Retirement Package 2022 below:
Ans: The starting salary for Indian Airforce Agniveer Vayu is Rs. 30,000/-.
Ans: The starting in-hand salary of Agniveer Vayu candidates is Rs. 21,000/-.
Ans: Candidates will get Rs. 10.04 Lakhs as a Seva Nidhi package after four years of service
Ans: In the 4th year, Agniveer Vayu candidates will get Rs. 28,000/-.
Ans: Candidates will get a lump-sum amount as a Seva Nidhi package plus interest. Furthermore, they will get will employment opportunities in various branches of the Indian Ministry of Ports, Indian Coastal Guard, CAPF, Assam Rifles, and State Defence posts.
We hope this detailed article on the Indian Airforce Agniveer Vayu Retirement Package 2022 helps you. If you have any queries regarding the exam, feel free to check our app. We will be happy to help you out.
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