Thursday, November 17, 2016

Salary advance for the month of November 2016

Employee to exercise option within 18th November to get this opportunity. If no option is exercised, it will be assumed that the employee is willing to draw the advance salary in cash.

The government has  allowed its Group C employees, including from PSUs, defence and railways, to get salaries up to Rs 10,000 in cash in advance which will be adjusted against their November salary. "It is expected that this will relief pressure on banks, - Economic Affairs Secretary Shaktikanta Das
A number of measures also announced such as, Farmers may withdraw cash upto Rs 50 thousand.

Details of procedure to get Advance Salary in cash :
In terms of Rule 64 (2) of Central Government Account (Receipt & Payment) Rules, 1983, the President is pleased to release part salary, in advance, amounting to Rs. 10,000/- (Rupees ten thousand) by 23rd November 2016 from the salary for the month of November 2016 in the form of cash payout to all Non-Gazetted employees of Central Government.

 2. Employees, who do not wish to receive the cash pay-out of the part salary advance amounting to Rs.10,000/- (Rupees ten thousand) may give their option in the •••• enclosed proforma to their respective Drawing & Disbursing Officer by 18th November 2016. In that case, their salary will be credited to their account on the last working day of November 2016, as usual. In case no option is received by the said date, it will be presumed that the employee has opted for cash pay-out and the payment thereof will be disbursed in cash accordingly. Residual part of their salary payable for the month of November 2016 will be released as per the existing procedure.
Click here for the O.M.

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