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22. FESTIVAL ADVANCE×1. Festival Advance of Rs.1500/ can be sanctioned to eligible employees.2. Employees drawing Basic Pay plus Dearness Pay plus Stagnation Increment, not exceeding Rs.12,450/ p.m.
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How to fill out festival advance

01
To fill out festival advance, follow these steps:
02
Obtain the festival advance form from your HR department.
03
Fill out your personal details such as name, employee ID, and designation.
04
Specify the amount of festival advance you are requesting.
05
Attach supporting documents if required, such as a copy of your festival expenses estimate or any other documents requested by your HR department.
06
Submit the filled form along with the supporting documents to your HR department.
07
Wait for the approval from the HR department.
08
Once approved, the festival advance will be disbursed to your account.
09
Make sure to utilize the funds for festival-related expenses only.
10
Repay the festival advance in installments as per the terms and conditions set by your organization.

Who needs festival advance?

01
Employees who require financial assistance to celebrate festivals can apply for a festival advance.
02
It is especially useful for employees who may not have enough savings to cover the expenses associated with festivals.
03
Organizations often provide festival advance to their employees as a way to support their celebrations and ensure their financial well-being.
04
Generally, any employee who meets the eligibility criteria set by their organization can apply for a festival advance.

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Festival advance is a payment made by an employer to an employee to celebrate a festival or special occasion.
All employees who wish to receive festival advance must file a request with their employer.
Employees can fill out a festival advance request form provided by their employer and submit it along with any supporting documentation.
The purpose of festival advance is to provide financial assistance to employees to celebrate festivals or special occasions.
The amount requested, purpose of the advance, and any supporting documentation must be reported on festival advance.
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