Posted on : 27/12/2022
|Entry Basic Pay
|38% of Basic Pay (Normally aligned with Central Govt. announcement)
|As per Pay matrix at 3%
|Professional Development Fund
|Rs. 1 Lakh per year
|Research Initiation Grant
|One-time RIG of Rs. 2 Lakh+ 10 Lakh of “competitive RIG” to select individuals through an Institute-wide call
|Baggage shifting and travelling expenses of self and family upto Rs. 50000/- within India and upto Rs. 1 Lakh for joining from abroad
|Contributory Provident Fund
|Employee & Employer contribution of 12% of Basic + Da Per month
|As per “Payment of Gratuity Act, 1972”
|Reimbursed to an extent of 90% of the expenses incurred as per BITS Medical policy (including parents if dependent)
|Children’s Education Allowance
One-time Admission fee and Tuition fees paid for studies up to class 12 are reimbursable, subject to certain limits.
Fee waiver for education in First and Higher degree in BITS campuses as per policy.
|On Campus Housing
|At prescribed nominal license fee
|Leave Travel Allowance
|The institute meets 100% of the actual fare both for the onward and return journeys as per eligibility of travel once in a cycle of two years for visit to Home town.
|60 days paid vacation per academic year
|Casual Leave (15 days per year), Special Casual Leave (15 days per year), Half Pay Leave, Commuted Leave, Sabbatical Leave, Extraordinary Leave etc. as per Leave rules of the Institute