Administration Manual - B.E.S.T. Undertaking.

5) Loan Agreement.
6) Disbursement Letters.
The existing loan should be transferred on new flat by Financial
Institution. Interest subsidy will be continued only on the balance
principal amount and balance number of installment of existing loan
and in any case extended loan will not be considered for interest
subsidy.
3.A-11.3 Six monthly cases:
3.A-11.4 Final Bill:
In this case, employee paid E.M.I. to Financial Institution directly.
Audit verifies the E.M.I. Clearance Statement and interest subsidy
reimbursement paid through Paysheet.
At the time of final bill, Audit has to verify interest subsidy file prior to
current month working of interest subsidy to be paid amount is
calculated and actual paid amount as per list and E.D.P. upto the
current month is calculated and difference is worked out and after
than payment on recovery is finalized.
3.A-11.5 Checking of Proposal of Investment:
Audit Assistant (Account) verifies the proposal of Investment of the
Undertaking as well as BEST Provident Fund.
INVESTMENT SECTION
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