Sanction list of Conveyance and Computers Advance in KVS
KV Sangathan has published the new sanction list of Conveyance and Computers Advance.
Please click the below link to view the sanction list...
INTEREST BEARING ADVANCES
The implementation of the recommendations of the sixth central pay commission relating to interest bearing advances granted to central government employees.To purchase of motor car, motorcycle, scooter, moped and personal computer would continue to be in operation. The eligibility criteria will be as follows ;
|Motor Car (including Personal Computer)||Rs.19530 (Pay in the payband) and above|
|Motorcycle, Scooter, Moped||Rs.8560 (Pay in the payband) and above|
The quantum of advances would be detemined with reference to pay in the pay band and existing ceilings would remain unchanged.
Rate of Interest for Purchase of Conveyances
|Advacnes||Rate of Interest per annum|
|Advance for purchase of Bicycle||5.5%|
|Advance for purchases of Motorcycle, Scooter, Moped||8%|
|Advance for purchases of Motor Car||11.5%|