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GRADUATE ENGINEERING TRAINEE STIPEND DETAILS

Stipend 1st
Year

Stipend 2nd
Year

CTC on
confirmation in
Grade-M2

BASIC

7000

7500

8500

P.F.

840

900

1020

HRA

2800

3000

TRAINING KIT
ALLOWANCE

5360

6600

DESCRIPTION

GRATUITY

409

FLEXI
ALLOWANCES
TOTAL (CTC PM)

15071
16000

18000

24,591

TOTAL CTC PA

Retention Bonus

192000
216000
3,00,000
Entitled for Retention bonus of Rs.1.00 Lac Per Annum
from the date of absorption. This amount will be credited
along with salary for the month of September every year.

Other Benefits

Subsidized Food & Stay (Deduction Rs.2000/- per


month)

Retention Bond Period

4 Years (2 years during training + 2 years after


absorption)

Gratuity

Gratuity will be paid as per Payment of Gratuity Act