DDOs should initiate the recovery process the very next month of receiving a request from the financial institution, including cooperative institutions, from where the loan was taken. The DDO should also keep a register to record the issuance of salary and no liability certificates to the employees. Also, the loan amount should be considered as the debt liability of the employee.ĭDOs will give salary certificates only for loans which can be repaid during the service tenure of an employee. Salary certificate can be given by considering 50 times the basic pay or `2 crore, whichever is less. Either 75 times the basic pay of an employee or Rs 3 crore, whichever is less, should be taken into consideration while issuing the salary certificate.If an employee stands surety for another person, the
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