How to Submit Property Statement through HRMS
KEY POINTS ON PROPERTY STATEMENT
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FESTIVAL ADVANCE

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                                                    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.



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