Can an IFS officer invest in stocks?

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Can an IFS officer invest in stocks?

35(1) No Government servant shall speculate in any stock, share or other investment: Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorized and licensed or who have obtained a certificate of registration under the relevant law.

How much can a IFS officer save in a month?

But, it is the Special Foreign Allowance that makes a big difference in the salary of an IFS Officer like if an IFS officer is assigned at the Indian Embassy in the USA then she/he is eligible to get around 2.40 Lakhs per month as Special Foreign Allowance.

Can IFS officers trade?

The members of the IFS represent the country in the international territory. The IFS is unlike other civil services as it deals with the country’s external affairs like diplomacy, trade and cultural relations.

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How much an IFS officer can save Quora?

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. 2.5 Lakh) as special foreign allowance. 5.

Can ifs choose country?

An IFS officer has to choose three places of his choice out of the number of vacant posts which are circulated. If he/she is lucky then he/she can get one of the three places of his/her choice. Foreign postings are decided by the Foreign Service Board which is headed by the Foreign Secretary.

Can a ifs marry foreigner?

Clause 8(1) of the Indian Foreign Service (conduct and discipline) Rules, 1986 says no member of the service shall marry any person other than an Indian citizen “without the prior permission in writing of the government”.

Can an IFS officer buy BMW?

With IFS, like any other career option, one can buy a car (not sure BMW, but one can start with Maruti atleast or whichever is the mid level brand where you are posted) and a house (not sure a palace, but a 2BHK flat atleast).

What is the monthly salary of ifs?

60,000 per month
IFS Officer Salary The overall salary of an IFS officer is 60,000 per month. Moreover, they are provided with several benefits like accommodation, transportation, medical expenses and much more. On the other hand, a government servant enjoys a pension and many retirement benefits.

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What are the retirement benefits of IFS officer?

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.

What age do IFS officers retire?

The retirement age is 60. So an IFS officer would be in the service for about 35 years. Broadly the career goes like this: 3 years under training including compulsory foreign language (CFL) training abroad.

Which post is higher than IFS?

The preferred choice of service for most UPSC Civil Services candidates is the Indian Administrative Service (IAS), instead of the Indian Foreign Service (IFS) even though both are of equal prestige. Even UPSC exam toppers generally do not choose to go for the Foreign Service.

Can an IFS officer posted in USA?

Apart from the salary, IFS officers would be given a Special Foreign Allowance. This amount varies with the country of posting. For example, when a new officer is assigned to the Indian mission in the USA, he/she can get the US $4000 per month.

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Where do Indian Foreign Service officers get posted in India?

As it is known, after the training Indian Foreign Service Officers are posted in Indian Embassies and High Commissions across the world as well as offices of Indian Ministry of External Offices in India. When it comes to salary and perks it depends on the location an IFS Officer is posted, whether in India or foreign countries.

Is Indian Foreign Service (IFS) worth joining?

Though Indian Administrative Service (IAS) and Indian Police Service (IPS) are considered to be the most sought-after prestigious civil services post in India among the aspirants, yet Indian Foreign Service (IFS) has maintained its sheen over time and is still one of the most admired services. Indian Foreign Service (IFS) is a Group A Service.

What is special foreign allowance for officers posted outside India?

The officers posted in foreign countries will get Special Foreign Allowance which depends on the Purchasing Power parity of that particular country. Thus, the salary structure mentioned below would vary with the Special Foreign Allowance of those officers who are posted outside India. Basic Pay (Rs.)

What is the salary of an IFS officer in India?

An IFS Officer’s overall salary would be around 60000 INR including all the perks and allowances. This amount varies again depending on the country they are posted.