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Undertaking regarding refund/adjustment of excess payment. Undertaking was promotedtothe post of vide order No. Dated. I hereby undertake that in the event of my pay having been fixed as in a manner
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How to fill out undertaking for excess payment recovery spark form

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How to fill out undertaking for excess payment:

01
Obtain a copy of the undertaking form from the relevant authority or organization.
02
Read the instructions carefully to understand the requirements and conditions of the undertaking.
03
Fill in your personal details accurately, including your full name, contact information, and any relevant identification numbers.
04
Provide details of the excess payment, such as the amount paid, the date of payment, and the reason for the excess payment.
05
Include any supporting documents or evidence related to the excess payment, such as receipts, invoices, or bank statements.
06
Sign and date the undertaking form, acknowledging your understanding of the terms and conditions stated.
07
Keep a copy of the filled-out undertaking form for your records.
08
Submit the undertaking form to the concerned authority or organization as instructed.

Who needs undertaking for excess payment?

01
Individuals or organizations who have made an excessive payment to a particular entity.
02
Those who wish to recover or receive credit for the excess amount paid.
03
Anyone who wants to ensure that the excess payment is properly acknowledged and handled according to established procedures and policies.
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People Also Ask about

The increment rate is above 3% in the lower levels of pay and shrinks to 2.04% while reaching the maximum pay stage. In the revised master scales also, the same trend is continued. The existing minimum increment is ₹ 500 which is converted by applying the multiplication factor of 1.38.
Employees who remain in their entry posts in the scales of pay ranging from Rs. 20000-45800 to Rs. 26500-56700 will be granted three higher grades on completion of the above specified periods of service in their posts.
I hereby undertake that in the event of my pay, leave salary or pension or any other item having been fixed in a manner contrary to the provisions contained in the rules, as detected subsequently, any excess payment so made shall be refunded by me to the Government either by adjustment against future payment due to me
"A government servant is granted the annual increment on the basis of his good conduct while rendering one year service. Increments are given annually to officers with good conduct unless such increments are withheld as a measure of punishment or linked with efficiency.
As per 6th CPC the annual increment has been granted on 1st July of every year and the qualifying period for earning an increment is six months on 1st July. One increment is equal to 3% (three per cent) of the sum of the pay in the pay band and the grade pay will be computed and rounded off to the next multiple of ten.
Maximum number of stagnation increments allowed will be five, out of which four will be annual and fifth one biennial, subject to the condition that maximum basic pay after adding stagnation increment shall not exceed the maximum of the master scale of Rs. 166800.

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An undertaking for excess payment is a formal commitment made by a party to address and rectify any overpayments made during a financial transaction or contract.
Typically, the party that has received the excess payment is required to file the undertaking for excess payment to ensure accountability and proper rectification.
To fill out the undertaking for excess payment, one should provide details such as the amount of excess payment, the reason for the overpayment, and agree to repay or adjust the excess amount.
The purpose of the undertaking for excess payment is to formally acknowledge the overpayment and to create a binding agreement to resolve the issue in a timely manner.
The information that must be reported includes the payer's and payee's details, the amount of the excess payment, the date of the transaction, the relevant reference details, and the corrective action to be taken.
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