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 seventh CPC. 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 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.
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 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.
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