Indian Army Agniveer Retirement Package - Check Details Here!

The table below shows the amount to be deducted from the individual’s monthly salary during his engagement period.A few days ago, the Agnipath Scheme was announced to recruit “Agniveer” to form a distinct rank in the Indian Army. The aspiring candidates who wish to join the Indian Army have to undergo the Indian Army Agniveer Recruitment process. The candidates who clear the physical fitness requirement, medical test, and common entrance exam will be selected. The shortlisted candidates will serve in the Indian Army for 4 years duration. At the completion of the period of 4 years, the candidates will be eligible for certain retirement benefits like ‘Seva Nidhi’ Package, preference in jobs of other sectors.

• Agniveers will get Seva Nidhi Package of Rs.10.04 lakhs along with accrued interest on discharge after 4 years.
• Reservations for Agniveers in State-owned entities under the Ministry of Defence, Central Armed Police Forces, Assam Rifles, and other branches.
• Agniveers will get priority in the recruitment process of the State Police and for jobs in many State-owned Companies.
• The Agniveers will have the option to apply for a 3-year special technical educational course introduced by the Union Ministry of Education.

Read ahead to get more details about the Indian Army Agniveer Retirement Package.

Also see other Defence Exams for the Indian Army, Indian Navy, and Indian Air Force.

Indian Army Agniveer Retirement Package 

The candidates recruited as ‘Agniveer’ will serve in the Indian Army for a duration of 4 years. At the conclusion of the 4 years, the candidates shall receive ‘Seva Nidhi’ of Rs.10.04 lakhs along with accrued interest as the Indian Army Agniveer Retirement Package. The Seva Nidhi amount is exempted from tax.

• During the period of service, 30% of the salary will be deducted from the Agniveer’s monthly salary.
• The Government of India will also contribute an equivalent amount towards the Seva Nidhi corpus.
• A total amount of Rs.10.04 lakhs plus accrued interest will be given at the completion of the 4 years.
• The individuals will get an “Agniveer Skill Certificate” highlighting the skills and competency levels gained by the individual during the service.
• The individuals who enrolled based on 10th Standard qualifications will receive a “Class 12th Certificate”.

Check out Indian Army Agniveer Selection Process

What Are The Opportunities After Retirement?

Retiring from the Indian Army as an ‘Agniveer’ will open up a galore of opportunities for the individuals. The individuals will receive a handsome amount under the Indian Army Agniveer Retirement Package, which they can use for a business start-up or to acquire more skills. Some other options as provided below are also available to them.

• The Agniveer will have the option to apply for enrolment in regular cadre. From the total applications, up to 25% shall be enrolled in the regular cadre.

• Employment opportunities in State-owned Entities under the Housing and Petroleum Ministries.
• 10% seats will be reserved for Agniveer in Central Armed Police Forces (CAPF) and Assam Rifles.
• 10% will be kept aside for posts in Home and Defence Ministries. 
• Priority will be given in recruitment for State Police.
• Agniveer can enroll for special courses announced by the National Institute of Open Schooling.

Know more about Indian Army Agniveer Salary and Job Profile

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