A house, a car, house helps… How much money do IAS officers make and what happens when they retire?
📹: Raj Shamani
📹: Raj Shamani
Category
🗞
NewsTranscript
00:00What is an average salary of an IAS?
00:02One lakh rupees per month.
00:09Then why is there so much hype for government services?
00:12Because you always hear that there are not so many high paying jobs.
00:15What is an average salary of an IAS?
00:18One lakh rupees per month.
00:21One lakh rupees per month plus perks.
00:23Plus perks.
00:24What are the perks?
00:25House, car, house help.
00:28So basically you don't get any extravagant large houses?
00:32No, you don't.
00:33You get very extravagant large houses.
00:36And if you are posted in a district, then usually the biggest bungalow is yours.
00:42If you are in a small district.
00:44In big districts, there are people with a lot of money.
00:47So in that our bungalow becomes small.
00:50But if you are in a small district, then generally the biggest bungalow is yours.
00:54So you get house, car, protection, house help.
00:57So basic things are covered.
00:59Salary is one lakh rupees per month.
01:03But it's still not one of the highest paying.
01:06Not at all.
01:07Not at all.
01:08And how long do you get this?
01:09As long as you are in service?
01:11Yes, as long as you are in service.
01:12And how long can you serve?
01:1460, till the age of 60.
01:1560.
01:16And what will you get after 60?
01:17Nothing.
01:18Then you will get a letter that you have done a very good job.
01:21And we are thankful that you have done a very good job.
01:23There must be some pension that you will get one lakh every month.
01:26You used to get pension earlier.
01:27Now in the new pension scheme, the more you invest in your pension,
01:31the more money you will get.
01:33So if you didn't invest anything for 60 years,
01:35then after 60 years, end.
01:37Yes, end.
01:38And now because the average lifespan is 100 years,
01:41so next 40 years then it's going to be very difficult for you to live.
01:44Yes.
01:45If you haven't done anything else or you haven't thought about your career,
01:49then it will...
01:51Means it will be like a proper job.
01:53It's a high paying job.
01:54Yes.
01:55It's a good time.
01:56But in this job, is there a scope that you can earn more money?
01:59Can you get more promotions in the future?
02:02How can it be?
02:03That if I have to go more than one lakh.
02:05Slowly, you...
02:07Right now, there are pay commissions in our country.
02:12So they determine your salary.
02:15How much should it be?
02:16Considering inflation, how much is it?
02:18How high is the cost of living?
02:21So it keeps increasing slowly.
02:22Because the government wants that you are the prime officer.
02:27Indian Administrative Service, Indian Police Service,
02:29these are all top services of the Government of India.
02:32There is no service above this.
02:33So the government wants that we can invite as many talents as possible,
02:40can call them and attract them.
02:42So for that, the government gives its best that this is our salary,
02:47these are our perks and privileges, you people come and join.
02:50Because when you come and join, the best brains will join.
02:53So the government will go higher and efficiency will increase.
02:56This is the will of the government.
02:57So they keep trying to give you as much as they can.
03:00But as you know, there will always be a resource constraint in the government.
03:05So the government cannot be the best paymaster.