The employees shall purchase only NEW computer in their own name only as per proforma invoice submitted by them with the application and produce the following documents to the BUDGET SECTION OF PERSONNEL BRANCH ONLY

1. Original stamped Cash Receipt for the purchase of computer.

2. Guarantee/Warranty card.

3. Insurance documents.

4. Original Mortgage deed hypothecating computer to the President of India.

Terms and Conditions:

1. Prior permission should be obtained or intimation of purchase be given under conduct Rules wherever necessary.

2. Purchase of Computer should be made within one month from the drawal of advance. The cash receipt with GST and insurance should be produced for verification within one month of purchase or two months of drawl of advance. If the employee fails to do so the advance shall be refunded with the penal interest and the DAR action will be initiated.

3. If the employee purchased the computer for the lesser amount than the amount sanctioned amount sanctioned he should immediately surrender the excess amount drawn to the Railways failing which penal interest will be levied for the amount and action will be initiated against him/her under Railway Servants (Discipline and Appeal) Rules 1968.

4. The computer after purchase should be hypothecated to the government.

5. Prior sanction of the loan sanctioning authority is necessary for sale of the computer so long as the advance and interest thereon is outstanding.

6. Recovery of advance will start from first pay/ leave salary/ subsistence allowance after drawl of advance.

7. Simple interest at prescribed rates, calculated on monthly reducing balance basis will be recovered in one or more installments after the principal is recovered.

8. The present rate of interest is 9.1 % PA. (Penal interest of 2.5% will be added for irregular payment & Late submission of documents.

9 Even if repayment is made more than once in a month it will be taken as a simple payment in a month for arriving balance for interest calculations.

10. The computer should be insured till the completion of recovery of principal and interest of computer advance.

11. Employees should not avail finance from the dealer or any bank/Institution and hypothecating the computer to any, other authority/ agency is against the condition and hence they should remit the entire amount with interest to Railways immediately, Failure to which lump sum recovery with penal interest will be made and they are llable for disciplinary action under DAR.

Supervisors may give wide publicity among the employees. Employees.