Advance Salary for Govt Employees: Government employees will now be able to take advantage of advance salary. This system has been implemented for the first time in the country.
The government has announced about advance salary. This announcement has been made by the Rajasthan government. The Ashok Gehlot government has taken this important decision after increasing the dearness allowance and promotion of the employees.
The new system has been implemented from June 1. Rajasthan has become the first state to implement the new system, before that no state in the country had offered advance salary to government employees. State employees will be able to take half of their salary in advance under this arrangement.
Will be able to take Rs 20,000 in advance
The Rajasthan government has said that under this a maximum payment of Rs 20,000 will be made at one go. To give this benefit to the government employees, the Finance Department has tied up with a non-banking finance company and in the coming times, a deal will be made with some more banks and financial institutions.
If the employee chooses to withdraw his salary before 21st of any month, the salary will be deducted from the current month’s pay. In addition, no interest will be charged from the employees on the advance salary drawn by them, but charges will be levied on transactions relating to lenders.
How to get advance salary
To avail the benefits of Advance Salary Scheme, Rajasthan Government employees have to register themselves with IFMS 3.0 using their SSO ID. At the same time, consent will have to be submitted to the financial institutions. Rajasthan Government employees can also visit their financial service provider’s websites and submit their undertaking on the online portal. After this the employees have to return to the IFMS website and give consent through One Time Password (OTP).
Significantly, the new scheme of the Rajasthan government has come as a step by the Congress government to restore the old pension scheme (OPS) in the state. At the same time, it is also being seen as a special step in view of the elections.