GPF Advance Festival Advance HBA Advance Limit
- Advances for Central Government Employees as per 7th CPC PDF | Advances Rules in 7th CPC Pay Commission Advances to Government Servants – Rate of Interest for Purchase of Computer During 2023-24 Rate of Interest 9.1% per annum – Click Here
- iPad comes under the definition of the personal computer for the purpose of grant of computer advance for Railway Officers – RBE No. 77/2022 – Click Here
- Computer Advance Rules for all Central Government Employees – Click Here
- Now, the iPad comes under the definition of personal Computer for the purpose of grant of Computer Advance for Central Government Employees – Orders issued on 13 June 2022 – Click Here
- Festival Advance Scheme Again Implemented! Rs. 10000 Special Festival Advance for Central Govt employees
- Special Festival Advance Scheme is being revived as a one-time measure. All central govt. employees can now get an interest-free advance of Rs. 10,000, recoverable in a maximum of 10 installments. [Click to know more]
Lending a specific amount of money with a meager interest to buy a computer or two-wheeler.
The 7th Pay Commission suggested abolishing all Interest-Free advances except Travelling Allowance Advance, LTC Advance, and Medical Treatment Advance. The 7th Central Pay Commission recommended in its report that generally salary advances are classified into two segments such as interest-free and interest-bearing advances. The rate of interest on advances are being notified by the Government of India from time to time and the interest rates are prescribed for each financial year. Lending a specific amount of money without interest in order to tackle the expenses to celebrate the festivals. Interest-Free Advances
Interest-Free and Interest Bearing Advances
- Festival Advance
- Travelling Allowance Advance
- LTC Advance
- Bicycle Advance
- Warm clothing Advance
- Medical Advance
- Hindi course Advance
- Flood Advance
- Pay on Transfer Advance
- Leave Salary Advance
Interest Bearing Advances
- Scooter Advance
- Computer Advance
- Typewrite Advance
- Car Advance
- House Building Advance
Interest-Free is given below after the 7th Pay Commission…
- The advance of Travelling Advance on Tour/Transfer
- The advance of Leave Travel Concession
- The advance of Medical Treatment
Interest bearing Advances are given below after the 7th Pay Commission…
- Computer Advance
- House Building Advance
Click to view the detailed report of House Building Advance after 7th Pay Commission
Desktop Laptop Computer Advance
The eligibility of personal Computer Advance for all Central Government Employees is Rs. 50,000 or the actual price of the PC, whichever is lower.
Interest Rate for Computer Advance
The interest rate for the advance is 11.5%. The calculation of interest rate for the advance and repayment method is explained in another article. The computer advance will be allowed a maximum of five times in the entire service. [Click to read continue]
What is Festival Advance?
This festival’s interest-free loan is intended to meet the unexpected expenses incurred during the festivities. The 7th CPC suggested abolishing the advance. Most of the employees are seeking modification in some advances in the 7th CPC. The NC JCM has also insisted on the Govt to restore the advance.
Rate of Interest for Advances
- 2015-16
Rate of Interest for Personal Computer Advance: 11.5% - 2014-15
Rate of Interest for Motor Car Advance: 11.5%
Rate of Interest for Other than Motor Car Advance: 9% - 2010-11
Rate of Interest for Motor Car Advance: 11.5%
Rate of Interest for Other than Motor Car Advance: 8% - 2008-09
Rate of Interest for Motor Car Advance: 11.5%
Rate of Interest for Other than Motor Car Advance: 9%
Rate of Interest for Bicycle Advance: 5.5%
7th CPC Pay & Allowances Calculator July 2017
How to Calculate Interest for Personal Computer Advance
The formula for calculating the interest amount for computer advance is N/2 (A+1) x R/100 x 1/12
If an employee received Rs.30,000 as Computer Advance and he paid Rs. 500 per month with 60 installments:
61/2 (30000) x 11.5/100 x 1/12 = 8769
7th Pay Commission Recommendations on Advances
The 7th Pay Commission has recommended that the two types of advances are granted to government employees: Interest-free and Interest-bearing, there is a general demand from the JCM-Staff Side to increase all interest-free advances to three times their present value.
Analysis and Recommendations: As can be seen from the table above, the amount of most of the advances is quite low. With the increased salary packages provided after successive Pay Commissions, these advances have lost their relevance. Hence, to do away with outdated provisions and thereby save on the costs involved in administering these advances, it is recommended that all Interest-free advances should be abolished.
Interest-bearing Advances: Analysis and Recommendations
- The present position is that meager funds are allotted for these advances and only a few manage to avail this facility.
- In fact, budget provision for all of them, except Advance for purchase of Personal Computer, has been reducing over the years.
- Regarding Motor Car Advance and Motor Cycle/Scooter/Moped Advance, we are of the view that quite a few schemes for the purchase of vehicles are available in the market from time to time.
- The employees should avail of these schemes and both these advances should be abolished.
- The first priority has to be given to House Building Advance, the entitlement amount for construction or purchasing flats is sanctioned very less amount and rules and regulations should be revised and relaxed to purchase land (vacant land) on HBA.
List of Abolished Advances after the 7th Pay Commission
Government of India’s decision on 7th CPC recommendations on Advances to Central Government employees
- Bicycle Advance – Abolished
- Warm Clothing Advance – Abolished
- The advance of Pay on Transfer – Abolished
- Festival Advance – Abolished
- Natural Calamity Advance – Abolished
- The advance of Leave Salary – Abolished
- Advance for Law Suits – Abolished
- Click to know more details
7th CPC Advance: Government Servants who die while in Service
The amount of an advance to the families of Government Servants who die while in Service which may be granted under Rule 79 shall not exceed Rs.25,000 – Orders issued [Click to know more]
The NC JCM Staff side raised the point and Govt have denied…read more
ADVANCES (6th Pay Commission)
Interest-bearing Advances
| Description | Amount whichever is less will be paid | Eligibility (Basic pay) | Interest rate per annum |
installment in months |
| 1. Motor Car | Rs.1,80,000 or Rs. 8 months’ Pay + DP or Price of the Vehicle | Having Pay Rs. 19530 or more, excluding grade pay, per month in the pay band | 11.5 (+2.5) | 200 |
| 2. (a) Computer | Rs. 50,000 or Rs. Price of the PC | Having Pay of Rs.19530 or more, excluding grade pay, per month in the pay band | 11.5 (+2.5) | 150 |
| 2. (b) Computer | Rs. 30,000 or the Price of the PC | Pay of Rs.8560 or more, excluding grade pay, per month in the pay band | 11.5 (+2.5) | 150 |
| 3. Scooter | Rs.30,000 or 4 months’ Pay + DP or Price of the Vehicle | Pay of Rs.8560 or more, excluding grade pay, per month in the pay band | 8.5 (+2.5) | 70 |
| 4. Moped | Rs. 20,000 or 4 months’ Pay + DP or Price of the Vehicle | Having pay below 8560 excluding pay per month in the pay band | 8.5 (+2.5) | 70 |
| 5. House Building Advance | 34 months’ pay in the pay band subject to a maximum of 1.80 lacs or cost of enlargement or repaying capacity, whichever is least.
The cost ceiling limit shall be 134 times the pay in the pay band Subject to a minimum of Rs. 7.50 lacs and maximum of Rs. 30 lacs Relaxable up to a maximum of 25% of the revised maximum cost ceiling of Rs. 30 lacs. |
Permanent employees | Adv. Int. up to (in lakhs) 0.50 5.0 |
240 Principal=180 Interest= 60 |
Interest-free Advances
| Type of Advance | Amount Payable | Eligibility | installment in months |
| 1. Festival advance | Rs. 3,000 | Grade Pay does not exceed Rs.4,800 | 10 |
| 2. Cycle | Rs. 3,000 | Grade Pay does not exceed Rs.2,800 | 10 |
ADVANCES (5th Pay Commission)
Interest-bearing Advances
- 34 times basic pay + DP or
- A maximum of Rs. 7.5 lakhs or
- Actual Cost or
- Enlargement, 1.8 lakh maximum or
- Cost of Enlargement or
- In rural cases, 80% of the cost or
- Repaying capacity
| Description | Amount Whichever is less will be paid |
Eligibility (Basic pay + DP) |
Interest rate per annum |
installment in months |
| 1. Car | Rs.1,80,000 or 8 months’ Pay + DP or Price of the Vehicle | Rs.15,750 and above | 11.5 (+2.5) | 200 |
| 2.(a) Computer | Rs.50,000 or the Price of the PC | Rs.15,750 and above | 11.5 (+2.5) | 150 |
| 2.(b) Computer | Rs.30,000 or the Price of the PC | Rs.6,900 and above | 11.5 (+2.5) | 150 |
| 3. Scooter | Rs.30,000 or 4 months’ Pay + DP or Price of the Vehicle | Rs.6,900 and above | 8.5 (+2.5) | 70 |
| 4. Moped | Rs.20,000 or 4 months’ Pay + DP or Price of the Vehicle | below Rs.6,900 | 8.5 (+2.5) | 70 |
| 5. Cycle | Rs. 1,500 | Rs.7,500 and below | 5.5 | 10 |
| Permanent employees | Advance Interest in lakhs
0.50 – 5.0% |
240 Months Principal = 180 Interest = 60 |
Interest-free Advances
| Type of Advance | Amount Payable | Eligibility | installment in months |
| 1. Festival advance | Rs. 1,500 | Basic Pay Rs. 8,300 and below | 10 |
| 2. On Transfer | one month pay | employees on transfer to other Station | three |
| 3. On Tour | TA for max. 30 days | employees on a prolonged tour | one |
| 4. On Leave | salary for max. 30 days | employees proceeding on leave for more than 30 days |
one |
Computer advance Rules for Central Government employees PDF | Motor Car Advance Rules for Central Govt employees
7th Pay Commission Advances Latest News 2023
- Interest rates for Loans and Advances by the Central Government – Finmin Orders September 5, 2024
- Personal Computer Advance for all Central Government Employees – Finmin Orders July 7, 2024
- Advances for Medical Treatment, TA on Tour or Transfer and LTC are Retained June 23, 2023
- Abolition of Advance of Leave Salary as per 7th CPC Recommendations June 9, 2023
- Revise Desktop Price for FCI Cat-II & III Officers | Desktop Policy March 13, 2023
- Rate of interest for purchase of Computer during 2021-22: Advances to Government Employees March 8, 2021
- Interest Rate of Computer Advance for CG Employees February 10, 2021
- NCCPA appeal to grant festival advance to all pensioners and family pensioners November 2, 2020
- Salary and Pension advance for central government employees and Pensioners October 15, 2020
- Grant of Special Festival Package advance through UTSAV Cards to CG Employees October 14, 2020
- Rs 10000 is not a bonus! Festival Advance for Central Govt employees! October 13, 2020
- Interest-Free Festival Advance to Central Govt Government Employees October 12, 2020
- Rs 10000 Special Festival Advance for Central Govt employees October 12, 2020
- Grant of Advance – Amendment to Rule 80 of Compendium of Rules on Advances to Government Servants April 17, 2020
- Computer Advance Interest Rate 2020-21 for Central Government Employees March 18, 2020
- Home Loan Interest Subsidy – Interest Rate and Eligibility February 12, 2020
- 7th Pay Commission Advances: Restoration of Festival advance to CG Employees October 6, 2019
- HBA Interest Rate Declined from 8.5% to 7.9% October 4, 2019
- Festival Advance Increased to Civil and Teacher Pensioners August 7, 2019
- Loans and Advances by the Central Government – Interest rates and other terms and conditions January 24, 2017
- Letter of CCGGOO to the Finance Secretary, GOI for cash disbursement to officers November 21, 2016
- Rs.10000 Advance in the form of Cash Payout to Central Government employees on 23.11.2016 November 17, 2016
- Advances to Central Govt Employees : Rate of Interest during 2015-16 February 6, 2016
- Abolishing 12 Interest free advances including LTC Advance recommended by 7th CPC November 26, 2015
- Advances to Government servants — Rate of interest for purchase of conveyances during 2013-2014. November 19, 2013
What is advance for cg employees?
There are two types of Advances for Central Govt employees. One is interest-free advances and the other is interest-bearing advances.
What are all interest free advances?
The advance of Transport Allowance on tour or transfer and advance of Leave Travel Concession etc.,
What are all interest bearing advances?
Advance purchase of Personal Computer, House Building Advance, etc.
What is the rate of interest for personal computer advance?
The rate of interest for Personal Computer Advance is 9.8%.
Who is eligible for Computer Advance?
All Central Government employees are eligible for Computer Advance of Rs. 50000 (or actual price).
7th pay k anusaar motor car advance kitna aur eligibility criteria h
What is your basic pay?
If you have to enclose a proforma bill from the dealer while applying for personal computer advance?
If I apply for TA advance 10000. Then what amount will be granted by office.
Generally 90% of the amount
Kya festival and warm clothing advance Milega 7cpc me
Pls let me know the documents need for the HBA advance.
Scooter advance notification of 2017 is circulated by MHRD.?
Sir,
please let me know the quantum of HBA eligablity in 7th Pay Commission to Central Government Employees and Government notification on the above subject.
what is the rate of interest for PC advance for current year?
Central Government Railway employees was not paid Festival Advance of Durga Puja in 2016 .Please arrange to provide a circular of Durga Puja Advance
pl.provide dopt circulars of festival advance.
Please give the details of festival advance as per seventh pay commission latest by July 2017
What is rate of interest for personal computer advance for the F.Y. 2017-18 according to new pay commission (7th CPC) ?
Please don’t cancel interest free advance. There are still big families and only one person to earn who need this interest free advances.
Is there any notification regarding festival advance can be granted or not at this diwali
How much festival advance will be given to Central Government Group C employees for 2016-17?
Whether the festival advance will be granted as per 6 cpc
the House Building Advance can issue to NPS subscriber employee but the Govt no Issued to NPS employee for facility of HBA advance of Odisha Govt for some clarification of 7th CPC of India Govt may kindly be issued to NPS employe
Those employees who have already taken HBA should be allowed to migrate to the new proposed scheme and the difference amount as per the new computations to the extent of their construction estimate should be sanctioned.
Central Govt employees who have already taken HBA form their department can also migrate to new HAB proposed by the 7th Pay commission? Plz advise.
Kindly provide one time foreign LTC for CG employees.
HBA amount for purchase of Plot, Flats,should be increased and interest rates should be decreased. For constructing an house minimum expenditure incur Rs.30L to 35 L in taluks in town it is more than 40L to 50L. For purchase of flats also 90% of amount should be sanctioned against acutal value
I am ready to enter into a logical debate on admissibility to C.G.Employees, of Educational Loan/Advances etc with interest without compelling them to BORROW A MONETARY LOAN WITH THE HIGHER RATE OF INTERESTS than G.O.I from all the NATIONALIZED BANKS [11/01/2015,SUNDAY<20:28:30 Hour/PM/IST]
swapankumarmazumder [ a successful retiree from C.G]
when central govt. employees have been experiencing a very sizeable hardship in incurring their wards’ educational (higher) expenses either in the Country or abroad but are rather passively compelled to borrow EDUCATIONAL [HIGHRER] EXPENSES/LOAN FROM THE NATIONALIZED BANKS FOR THEIR WARDS’ BASIC NECESSITIES, Hence from 7th CPC should cast a PROPER THIOUGHTFUL IDEAS OVER THE PRESENT PROBLEMS. NEXT CPC MEET AT CALCUTTA,GREAT EASTERN HOTEL[QUORRUM No.4] w.e.f 11th JANUARY TO 14th.JANUARY,2015,WEDNESDAY AT 11;25;00 AM.AS I HAVE LEARNT FROM sudhirspeaking@gmail.com
please contact[11/01/2015,SUNDAY,