Interest-free and Interest-bearing advances - grules.in
Interest-free advances:
1. Advance of T.A on tour/transfer.
2. Advance of T.A to the family of a deceased Government servant.
3. Advance of LTC.
4. Advance in connection with medical treatment. - OM dated 07-10-2016.
All interest-free advances except those mentioned above at Sl.No.1 to 4 have been abolished by the Seventh Central Pay Commission.
Interest -bearing advances:
1. Advance for purchase of Personal Computer. - OM, dated 07-10-2016.
2. Advance for construction/purchase of house/flat/enlargement of living accommodation.
Rates of interest are prescribed for each financial year for Item 1 and periodically for Item 2]
All interest-bearing advances except those mentioned above at Sl No.1 and 2 have been abolished by the Seventh Central Pay Commission.
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