7 Interest Free Advances Stopped by Government: 7th Pay Commission this is the latest news for all government employee. Till now seventh pay commission gives good news for all central government employee and state government employee. But as per 7th pay recommendation government has been discontinued seven interest free advances for government employee including festival advance, bicycle – motor car advances. List of this is given below. For more detail go through article entitled 7 Interest Free Advances Stopped by Government: 7th Pay Commission.
7 Interest Free Advances Stopped by Government: 7th Pay Commission
As per New Delhi news, government has discontinued 7 interest – free advances for all central government and state government employee.
List of Interest Free Advances Stopped for Government Employee
- Warm Clothing Allowances
- Festival Advance and Natural Climate Advance
- Advance for Pay on Transfer
- Advance of Leave Salary
- Advance for Lawsuits
- Advance for Training for correspondence course
- Bicycle Allowances / Car Allowances / Scooter and Moped Allowance (Interest Bearing Advance)
List of Interest Free Advance Continued by 7th Pay Commission
- Medical Treatment
- Advance for Travelling Allowance Family of Decease
- LTC – Leave Travel Concession
- Travelling Allowance on Transfer
One interest bearing advance for Motor Car / Bicycle / Scooter / Moped is discontinued by government. Rs. 50000 advance can be availed 5 times during your job period to buy computer, this scheme is continued by seventh pay commission.
This decision of discontinued Interest free advance is affected to one crore government employee and pensioners.
In 7th pay commission they got benefits of 2.57 times hike in salary and allowances ( HRA, TA). But they lost these interest free advances listed above. This decision is made after recommendation of seventh pay commission.
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Article Title : 7 Interest Free Advances Stopped by Government: 7th Pay Commission