How much would an honest IFS officer save post retirement?

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How much would an honest IFS officer save post retirement?

Somewhere close to 1\%/annum or as per some reports , even lesser. Having said all that, if you were to invest this amount in a SIP of say any private reputed bank, you can be sure of a return well above 9\% mark.

Does IFS officer get pension after retirement?

If one retire under the rules and have qualifying service of 10 years,the pension is calculated @50\% of last pay or average emoluments(ie. Average of the basic pay drawn by the one during tha last 10 months of his service) whichever is more beneficial. Guaranteed minimum pension is Rs 9000 per month.

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Can an IFS officer work for UN?

One of the most important aspect of an Indian Foreign Service officer job is to represent India in other countries at embassies, high-commissions, consulates, and also permanent missions to multilateral organisations such as the United Nations, South Asian Association of Regional Cooperation and other international …

Are IFS officers paid well Quora?

An IFS(Foreign Service) Officer is provided a decent Salary and HRA/Quarters in the concerned country where he/she works, Domestic Assistance Allowance. 3. If posted in India an IFS Officer gets Rs. 60,000 per month where if he/she is posted in Indian Embassy, USA it would be $4000(around Rs.

What does IFS do after retirement?

Still Working in the Government Some retired IFS Officers take up government positions. Retired IFS Officers have held important posts such as of Governors and NSAs. Retired IFS Officers have sometimes been sent as Ambassadors to important countries.

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What do retired Indian Foreign Service officers do After retirement?

They do what other retired people do – enjoy time with family and devote time to themselves. (ii) Still working in the government: Some retired IFS officers take up government positions. Retired IFS officers have held important posts such as of Governors and NSAs.

Can retired IFS officers work without working After retirement?

Also because the remuneration in the service and the post-retirement benefits are not bad, retired IFS officers can lead a comfortable life without working after retirement. They generally write about their Sweet and Sour Experiences during their Postings abroad.

Can an IFS officer get a job at the United Nations?

IFS officers can certainly get jobs at the UN. And not just the UN but in other international organisations, too. And this can happen at any point of their career and not just after 10–12 years. But the point is not many leave the IFS once they join the service.

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Why retired IFS officers are sought after by the media?

(iv) Active on media: Retired IFS officers are sought after by the media for interviews and panel discussions on TV because of their expertise on various countries and international issues. Many IFS officers write regularly for the print media.