As we have posted about pay and allowances of a gentleman cadet at IMA, Dehradun earlier, in this article, we are going to give a detailed information on pay and allowances of a gentleman and a lady cadet at OTA, Chennai.
Pay And Allowances Of Cadets At OTA, Chennai
Initial Deposit: Candidates on arrival will deposit a sum of Rs 20000/- as Bank Draft, drawn in favour of Commandant, OTA Chennai, payable at Chennai.
OTA Gentleman and Lady Cadets Pocket & Other Expenses
All Gentlemen/Lady cadets under training are authorized a stipend of Rs 21,000/- pm. A cash allowance of Rs 6,000/- pm out of this stipend is permissible for incidental monthly expenses during the training. The first payment of cash allowance from stipend is made within three months of arrival. Balance of the stipend is payable on successful completion of training at the academy. Dearness allowance on the stipend (at existing rates) will be paid. Candidates are advised to bring only Rs 6000/- (Rupees Six thousand only) in cash to meet the sundry expenses during the initial settling down period.
Candidates are required to open a personal bank account at the academy on arrival for ease of monetary transactions. Towards this end, Branches of IDBI (Branch code – 0904) and SBI (Branch code-14893) Banks are located within the academy premises. Stipend / Pocket money payment to the cadets will be made through their bank accounts.