• Home
  • Expected DA
  • CSD
  • DoPT Orders
  • Holiday 2020

CENTRAL GOVERNMENT EMPLOYEES NEWS DOPT ORDERS

DOPT, DOPT Orders, Expected DA, Employment News, Central Govt. Employees News, Centralgovernmentemployeesnews

  • Latest 7th CPC News
  • Dopt Orders
  • Finmin Orders
  • Retirement Age
  • CGHS
You are here: Home / CCS Rules / Computer Advance for Central Government Employees – Rate of Interest 11.5%

Computer Advance for Central Government Employees – Rate of Interest 11.5%

July 28, 2010 admin 1 Comment

How to calculate the interest amount for Computer Advance?

Computer Advance for Central Government Employees

In this modern world, things became essential for day to day life which was once a dream for ordinary people in the past years.

Before ten years, buying a computer was an uphill task but it became an important part now a days in each and every houses.

But, the rate of interest for the ‘Computer Advance’ given for the Central Government Employees remains the same. An interest rate of 11.5% p.a. is
very high as e expressed by the employees.

The advance amount of the Rs.30,000 will be recovered in 5 years through monthly deductions and the interest amount of Rs.8600 which is more…

We, on behalf of all Central Government Employees urge the JCM members to recommended the decreasing or eliminating this rate of interest.

If an employee receive Rs.30,000 as Computer Advance, calculate the interest amount in two methods, one is Formula method and other is IBB method.

Personal Computer Interest Calculation Formula Method:-

  • Date of Advance : 1.1.2008
  • No. of Instalments : 60 Months
  • Rate of Interest : 11.5%
  • Formula : n/2 (a+1) x r/100 x 1/12
  • Interest Calculation = 60/2 (30,000) x 11.5/100 x 1/12 = Rs.8769

Personal Computer Interest Calculation IBB Method :-

Personal Computer Interest Calculation – IBB Method

1 Jan-08 30000 500
2 Feb 29500 500
3 Mar 29000 500
4 Apr 28500 500
5 May 28000 500
6 Jun 27500 500
7 Jul 27000 500
8 Aug 26500 500
9 Sep 26000 500
10 Oct 25500 500
11 Nov 25000 500
12 Dec 24500 500
13 Jan-09 24000 500
14 Feb 23500 500
15 Mar 23000 500
16 Apr 22500 500
17 May 22000 500
18 Jun 21500 500
19 Jul 21000 500
20 Aug 20500 500
21 Sep 20000 500
22 Oct 19500 500
23 Nov 19000 500
24 Dec 18500 500
25 Jan-10 18000 500
26 Feb 17500 500
27 Mar 17000 500
28 Apr 16500 500
29 May 16000 500
30 Jun 15500 500
31 Jul 15000 500
32 Aug 14500 500
33 Sep 14000 500
34 Oct 13500 500
35 Nov 13000 500
36 Dec 12500 500
37 Jan-11 12000 500
38 Feb 11500 500
39 Mar 11000 500
40 Apr 10500 500
41 May 10000 500
42 Jun 9500 500
43 Jul 9000 500
44 Aug 8500 500
45 Sep 8000 500
46 Oct 7500 500
47 Nov 7000 500
48 Dec 6500 500
49 Jan-12 6000 500
50 Feb 5500 500
51 Mar 5000 500
52 Apr 4500 500
53 May 4000 500
54 Jun 3500 500
55 Jul 3000 500
56 Aug 2500 500
57 Sep 2000 500
58 Oct 1500 500
59 Nov 1000 500
60 Dec 500 500
61 Jan-13 0 0
915000 15500

Interest Calculation = 915000/100 x 11.5/100 x 1/12 = Rs.8769

Latest Posts

AFD CSD Canteen Online Login Portal Process

November 9, 2022 By admin Leave a Comment

DA or Dearness Allowance Latest News

November 9, 2022 By admin Leave a Comment

Cancellation of Flight Tickets booked under LTC during the Lockdown period

November 9, 2022 By admin Leave a Comment

Holiday Home Refund – Cancellation of Advance Booking for CG Staff and Pensioners

November 9, 2022 By admin Leave a Comment

Expected DA Tool for July 2020

November 9, 2022 By admin Leave a Comment

DA Arrears Loss Calculator: Freezing of DA Period from Jan 2020 to June 2021

November 9, 2022 By admin Leave a Comment

DR (Dearness Relief) Arrears Loss in Pension Calculator: 18 Months of DR Freezing Period

November 9, 2022 By admin Leave a Comment

Dearness Allowance (DA) News from July 2020

November 9, 2022 By admin Leave a Comment

CSD Dealer List in India (Updated)

November 9, 2022 By admin Leave a Comment

Maharashtra Pay Matrix Table for all Pay Level

November 9, 2022 By admin Leave a Comment

7th Pay Commission Other Topics

Top Headlines of 7th CPC Report:

  • 7th Pay Commission Pay Scale Calculator
  • 7th Pay Commission Salary Calculator 2019
  • 7th Pay Commission Pay Fixation Calculator
  • 7th Pay Commission DA Rates Table
  • 7th Pay Commission Pay Fixation
  • 7th Pay Commission MACP Scheme
  • 7th Pay Commission Children Education Allowance
  • 7th Pay Commission Transport Allowance
  • 7th Pay Commission Increment
  • 7th Pay Commission House Rent Allowance
  • 7th Pay Commission Classification of Posts
  • 7th Pay Commission LTC Rules
  • 7th Pay Commission Leave Rules
  • 7th Pay Commission Travelling Allowance
  • 7th Pay Commission House Building Advance
  • 7th Pay Commission Allowances
  • 7th Pay Commission Fitment Table
  • 7th Pay Commission Advances
  • 7th Pay Commission CGEGIS
  • 7th Pay Commission Risk & Hardship Allowances

Comments

  1. SUNDARAM says

    February 21, 2011 at 6:42 pm

    Whether Laptop is eligible for central government employees? Is PC includes Laptop too?
    Already I have completed more than three years out of 4 years period of loan against Vehicle purchase. Am I eligible for laptop loan and if I get the sanction for laptop loan whether the outstanding amount can be adjusted or to be paid in full and settle the earlier loan?

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

CSD PRICE LIST 2020

ALL CSD PRICE LIST - ALL TWO AND FOUR WHEELER CSD PRICE LIST
CSD PRICE LIST OF LED TV 2020
CSD CANTEEN LATEST PRICE LIST 2020
CSD CANTEEN DEPOT LIST 2021

KV SCHOOL LIST 2020

List of 1230 Kendriya Vidyalaya in India – New Website Link of all KV School


KV School Fees Structure 2021-22

Authorised Medical Attendant List

Chennai Authorised Medical Attendant List (62)
New Delhi Authorised Medical Attendant List (294)
Haryana Authorised Medical Attendant List (18)
Uttar Pradesh Authorised Medical Attendant List (13)

Pay Matrix Chart

Central Government Employees News Latest Update
7th Pay Commission Pay Scale Calculator
 CG Offices Holiday List 2020 – PDF Download
 Expected DA from January 2020 Calculator
7th Pay Commission Salary Calculator Updated Oct 2019
7th CPC Pay Fixation on Promotion MACP Calculator
 Pay Matrix Table for CG Employees
7th CPC Pay Matrix Chart (Level 1 to 5)
7th CPC Pay Matrix Chart (Level 6 to 9)
7th CPC Pay Matrix Chart (Level 10 to 12)
Latest 7th Pay Commission News Updates
Pay Matrix Table for Defence Personnel
Defence Pay Matrix Table for Level 3 to 5
Defence Pay Matrix Table for Level 5A To 9
Defence Pay Matrix Table for Level 10 to 11
Defence Pay Matrix Table for Level 12A to 14
Defence Pay Matrix Table for Level 15 to 18

CGHS Application Forms Download

Life Certificate for Pensioners
Marriage Cerificate
Pension switchover to other banks
Insurance Form
Medical reimbursement form essentiality certificate
CGHS-Card - AUTONOMOUS BODIES Form
CGHS Card-PENSIONERS Form
Application Form for Plastic-Cards
Arrears Pensions Form
Family Details Form
Commulated Value Pension Form
Essentiality Certificate-A
Essentiality Certificate-B

Application Forms Download

Children Education Allowance Form
BSNL Braodband Offer Form
Leave Application Form
LTC Application Form
Home Town Declaration Form
Extention of Leave Form
Reconveyance of HBA Form
Holiday Homes Application Forms

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in