Friday, October 14, 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 7CPC. 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.

Computer advance retained

All central Govt. employees may avail Personal Computer Advance 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.

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