RBE No.79/2014: Festival Advance – Revised Rates – w.e.f. 01.01.2014

No.2011/E(LL)FA/1, dated 22.07.2014

Sub: Enhancement in the rate of Festival Advance as a result of increase in DA w.e.f. 01.01.2014.

1. Please refer to Board’s letter of even number dated 18.07.2011 (RBE No. 108/2011), conveying enhancement in the rate of Festival Advance by 25% on increase of Dearness Allowance to 51%.
2. Railway Board vide letter No.PC-VI/2008/1/7/2/1, dated 28.03.2014 (RBE No. 32/2014) has enhanced the DA payable to Railway employees from the existing rate of 90% to 100% w.e.f. 01.01.2014.
3. Consequent upon aforesaid enhancement of DA to 100%, the matter regarding revision in the rate of Festival Advance has been considered by the Board and decided that the rate of Festival Advance shall increase by 25% w.e.f. 01.01.2014.
4. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.
5. There is no change in the other terms and conditions for grant of festival advance.

Download Railway Board Circular RBE No. 79/2014

Forward reference⇒RBE No. 01/2017