How do I get into IOC?
To become an IOC member, it is necessary to be elected by the IOC Session by a majority of the votes cast. The IOC recruits and elects its members from among the people it deems qualified.
Does IOCL do campus recruitment?
Ans: Recruitment of officers in IndianOil is done either through campus selection (from short listed campuses) or open selection i.e. by advertising in the leading newspapers including Employment News.
Is IndianOil a Government job?
IOCL is a public sector undertaking. Government of India held 56.98% stake in IOCL as on 31 December 2017.
What is the salary of IOCL employee?
Statement Of Monthly Remuneration Of Officers And Workmen Including The System Of Compensation
| – | Grade | Pay Scale |
|---|---|---|
| Officers | B | Rs.70,000 – 2,00,000/- |
| Officers | C | Rs.80,000 – 2,20,000/- |
| Officers | D | Rs.90,000 – 2,40,000/- |
| Officers | E | Rs.1,00,000 – 2,60,000/- |
Do IOCL employees get pension?
Maximum benefit payable is 40% of last drawn salary for 32 years of reckonable service. 13843 beneficiaries are receiving pension under the Defined Benefit Scheme.
What is the highest salary in IOCL?
The highest-paying job at Indian Oil Corporation is a Executive Director with a salary of ₹81.3 Lakhs per year. The top 10% of employees earn more than ₹22.22 lakhs per year. The top 1% earn more than a whopping ₹51 lakhs per year.
Is IOC Government or private?
What is the retirement age in Iocl?
| EVENT | QUALIFYING SERVICE |
|---|---|
| Retirement on attaining the age of superannuation | Minimum 15 years service . |
| Separation from service (other than superannuation) | Minimum 15 years service before separation. |
What is basic pay of IOCL?
Statement Of Monthly Remuneration Of Officers And Workmen Including The System Of Compensation
| – | Grade | Pay Scale |
|---|---|---|
| Officers | A | Rs.50,000 – 1,60,000/- |
| Officers | A1 | Rs.60,000 – 1,80,000/- |
| Officers | B | Rs.70,000 – 2,00,000/- |
| Officers | C | Rs.80,000 – 2,20,000/- |
Is there pension in PSU?
PSU Employees Will Get 30% Of Last Salary As Pension; Ceiling Removed For Family Members. Finance Minister of India, Smt. Nirmala Sitharaman, has announced that public sector employees will be given 30% of the last salary drawn as their pension.
Is there any pension in ONGC?
The current benefits are in the range of 18% to 20% of last Basic Pay of the superannuating employee i.e. an employee with a Basic Pay of Rs 40000/- p.m gets approximately Rs 7000/- p.m as Gross Pension (under Annuity Option E -which maximizes monthly pension.)