chandra (ps2) 16 November 2018

prior perm from dept before obtaining bank loan

should a railway employee or officer obtain prior permission from department before
obtaining bank loan for purchase of immovable property i.e. flat or house. If prior permission is not taken will it attract conduct rule. Here there is no case of official delaing with the bank.

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5 Replies

Shashi Dhara 16 November 2018

Not necessary.u r salaried person. The loan is deductedfrom salary so u shud have tofurnish theloan details to deduct it from salary ..

chandra (ps2) 16 November 2018

Let me be clear:
'X' is salaried officer or staff in railways.
He want to take a bank loan for purchase of immovable property.
Does it attract Conduct Rules if he do not take prior permission from deparment for taking bank loan.
or else it is like this
should he take prior approval from dept to take bank loan for purchase of immovable property.