SALARY ADVANCE


This is to drive clarity we are not a banking institution, and we cannot advance loans.

 At best employees can request a salary advance to meet their urgent needs (like , medical needs, family emergency  or say house rent)

However before salary advances can be considered following must be taken into account:

  • 1-      Advance cannot exceed 50% of net pay  (to ensure u have some money to cater for daily needs)
  • 2-      It has to be recovered within the academic term ( to ensure u become eligible for next advance)
  • 3-      It cannot be asked more than one time a term ( so that other employees get a chance)

Please note – Advance request is not a right but a request, it can be declined if cash flows do not allow or for any such reason without explanation.

Thank you for you understanding.

Regards,

HR

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