Friday, October 7, 2016

Interest Free Advances to Central employees abolished

Almost all the interest free advances admissible to Central Govt. employees are abolished as per the recommendation of seventhCPC. Only exception will be :

1. Advance for medical treatment
2. Advance for travelling allowance for family of deceased
3. Advance for T.A. on tour and LTC advance
All other allowances such as Bicycle Advance, Festival Advance, Advance of pay on transfer etc. has been abolished with immediate effect.
Click here for the O. M.

Computer advance retained
All central Govt. employees may avail Personal ComputerAdvance upto Rs 50,000/, maximum five times in entire service life.  This is an interest bearing advance. Other interest bearing advances such as motor cycle advance, motor car advance stand discontinued with immediate effect.
Click here for the O.M.

(source- Pay Commission blog)

2 comments:

  1. Sometimes we have to appreciate and congratulate the govt for the good decisions they make whether knowingly or unknowingly.The undue and undeserving bonanzas given to undeserving people are to be denied and scrapped.Kudos to those who had done that job

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