He last played for India during the World Cup in 2019 post which there has been a suspense around his future.
A+ category players will receive Rs 7 crore, A category players will get Rs 5 crore while B and C category players will get Rs 3 and Rs 1 crore respectively.
The former captain of the national side, who serves as an honorary lieutenant colonel in the army reserves, spent part of past year with his unit in strife-torn Kashmir - missing an ODI tour of the West Indies.
He is expected to lead the Chennai Super Kings in the Indian Premier League (IPL) this April-May.
Since the Board of Control for Cricket in India (BCCI) announced its central contracts for the 2019-20 season, netizens have been asking just one question - Where is MS Dhoni? Top-order batsman KL Rahul made the jump from grade B to A, an incentive of INR 2 crore. While Virat Kohli, Rohit Sharma and Jasprit Bumrah are the only three players in A+ category, there's no place for MS Dhoni in the entire list.