Coal India Limited Management Trainee Salary
Coal India Limited (CIL) invites application through its online portal from Indian nationals for recruitment as Management Trainees for CIL & its subsidiary companies in various disciplines i.e. Mining, Electrical, Mechanical, Civil, Chemical/Mineral, Electronics & Telecommunications, Industrial Engg, Systems, Environment, Finance & Accounts, Geology, Legal, Materials Management, Personnel & HR, Sales & Marketing & Rajbhasha (Hindi) in E2 grade ( 20600-46500).
Compensation / Pay /Salary
Selected candidates will be placed as Management Trainee in E2 grade in the scale of pay of Rs. 20,600 – 46,500 at the initial Basic of Rs.20,600/- during the first year (Training period). On successful Completion of Training and passing the test conducted for the purpose, regularization will be in E3 grade in the scale of pay of Rs. 24,900 – 50,500 at the initial Basic of Rs.24,900/- with probation for 1 year. Besides basic pay, candidates will also be entitled to other pay and perks including Dearness Allowance, HRA, perquisites and allowances under cafeteria approach and other allowances as applicable for the post. Benefits such as leave, medical treatment, CMPF, pension, gratuity etc. will be admissible as per company rules in force during training and after absorption.
Candidates may be posted anywhere in Coal India Limited / Subsidiary companies especially in coalfield areas.
Service Agreement Bond
Finally selected candidate is required to serve the company for a minimum period of 60 months. An amount of Rs.5000/- per month will be deducted from the salary for a period of 60 months. Failure on the part of candidate to serve the Company for a minimum period of 60(sixty) months would result in forfeiture of the said deposit. The amount so deducted will be refunded in full with simple interest on completion of 60 months of service. The candidate will be required to execute a bond of Rs 3 Lakhs (Rupees three lakhs) for the same.
Before joining service, the selected candidates will have to undergo initial medical examination by the company Medical Officer as per the Medical Attendance Rules of the company and the decision of the board will be final and binding. You are advised to refer to the details available on our website to understand the prescribed medical norms.