Sanction list of Conveyance and Computers Advance in KVS



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...

kvsangathan.nic.in



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 ;

Eligibility Criteria
Advacnes Eligibility
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%


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