House Building Loan Section
FINANCE & ACCOUNTS DEPARTMENT
The House Building Loan Section of Central Account Office functions for the distribution of House Building Advance to the Permanent employees of the University for the purpose to build, renovate or purchase their houses/flats as per rules, which further is followed by monthly deductions from the salary of the loanee @ 8.5% p.a. interest rate on the loan upto Rs. 25,00,000/- at present.
The other works of the Section includes:-
- Investment of surplus money of HBL account in the form of FDR's and STDR's.
- Maintaining audit reports.
- To prepare the Annual statement no.04 & 05.
- Timely report of investment to the Executive Council, in its meeting.