FESTIVAL ADVANCE
Who can apply : Employee who are in the pay level-9 (Pre revised GP 4200) and below
Amount : Rs 20,000/-
Interest : Interest free
E.M.I. :10 (Ten) equal consecutive monthly installments @
Rs.2000/- per month from the salary of the employee concerned with
effect from the succeeding month.
Note: In case of any eventuality
leading to non-recovery of such advance within the stipulated period of ten
months, the employee concerned shall not be eligible to avail the next
Festival Advance till completion of the recovery of the earlier Advance.
RELATED CIRCULAR
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