Last Updated on February 24, 2014 by ShumailaKamal
I have already published an article in connection with the Calculation of GP Fund Advance Interest Amount manually. On the request of the visitors of Galaxy World, I am today publishing an article about the Calculation of GP Fund Advance Interest Amount in MS Excel Sheet.
GP Fund Advance is granted to an employee Refundable and Non-Refundable. After the age of 45 years the employee can apply for GP Fund Advance Non-Refundable. The GP Fund Advance is refunded in 48 monthly installments.
The process of the same is very simple. Just enter the amount of GP Fund taken as advance, number of installments. You will get the interest amount as well as the total amount refundable.