The message titled “Extension of Time-limit for exercise of Option for fixation of pay on Promotion” informs recipients that the Government of India’s Ministry of Finance, Department of Expenditure has extended the time limit for exercising or re-exercising the option for pay fixation upon promotion. This extension is for a period of three (3) months from the date of issue of the OM dated 04/07/2023, until 03/09/2023.
Extension of Time-limit for Pay Fixation Option on Promotion
Message Title: Extension of Time-limit for exercise of Option for fixation of pay on Promotion.
Message:
As per GoI, MoF, DoE OM No. 4-21/2017-IC/E.III.A dated 04/07/2023* read with in conjunction to MoF/DoE, New Delhi OM No.4-21/2017IC/E-IIIA dated 15/04/2021*, the time limit for exercise/re-exercise of Option on promotion has been further extended, by a period of three (3) months from the date of issue of MoF, DoE, New Delhi OM dated 04/07/2023 i.e. upto 03/09/2023.
Accordingly, Officers who have been promoted or granted financial upgradation on or after 01.01.2016 and desire to exercise/re-exercise option for pay fixation from DNI may opt within three months from the date of issue of MoD, New Delhi OM dated 04/07/2023 i.e. by 3rd Sept 2023. Officers to publish Part II Orders and forward it through HRMS 2.0 along with option Form which can be downloaded from the website
The Last date of exercising option shall be 3rd Sept 2023.
**Further, the ‘Option Calculator’ provided by office of the PCDA(O), Pune may please be referred to, for further necessary guidance while exercising your Option.
Disclaimer : The result generated by the Option Calculator developed by PCDA(O), Pune is for reference only. Any decisions made by the user concerned based on the results given by the above calculator or the outcomes thereof shall be the responsibility of the User Officer only and PCDA (O), Pune or any employee serving under him shall not be made liable for the same.
Note: The provisions of re-exercising Option under the said OM is only for fixation of pay on promotion from the DNI in the lower grade and should not to be construed for switching over of pay to the revised pay structure in 7th CPC.