Canteen Eligibility for Cars Purchase for Sepoy (JCOs/OR), Subedar, Naik Subedar, Havildar, Subedar Major, Lieutenant (JCOs/OR & Officers), Captain, Major, General, Brigadier, COAS, Serving defence civilian officer.
The eligibility for purchasing a car through the CSD canteen varies depending on the rank of the personnel. The following is a list of the eligibility criteria for each rank:
| Rank | Pay Level | Maximum Purchase Price | Maximum Engine Capacity | Periodicity |
|---|---|---|---|---|
| Commissioned Officers | 10 and 11 | 15 lakhs (excluding GST) | 2500cc | Once in 8 years |
| JCOs | 7, 8, and 9 | 10 lakhs (excluding GST) | 1400cc | Once in 8 years |
| Other Ranks | 6, 7, 8, and 9 | 7 lakhs (excluding GST) | 1400cc | Once in 8 years |
The following are some additional eligibility criteria that must be met in order to purchase a car through the CSD canteen:
- The personnel must be in service or retired from the armed forces.
- The personnel must be a permanent resident of India.
- The personnel must have a valid CSD Smart Card.
- The personnel must have a valid driving license.
The personnel can purchase a car from any CSD canteen in India. The car must be purchased in cash or through a CSD loan. The CSD loan is a special loan that is offered to armed forces personnel to purchase cars. The loan has a low interest rate and a long repayment period.
| RANK | LEVEL | CAR PURCHASE LIMITS IN RS (EXCLUDING TAX) |
|---|---|---|
| Sepoy (JCOs/OR) | Level 3 A | 6 lakhs |
| Naik (JCOs/OR) | Level 4 | 6 lakhs |
| Havildar (JCOs/OR) | Level 5 | 6 lakhs |
| Naib Subedar (JCOs/OR) | Level 6 | 6 lakhs |
| Subedar (JCOs/OR) | Level 7 | 7 lakhs |
| Subedar Major (JCOs/OR) | Level 8 | 7 lakhs |
| Level 9 | 7 lakhs | |
| Honorary Lieutenant (JCOs/OR & Officers) | Level 10 | 15 lakhs |
| Honorary Captain (JCOs/OR & Officers) | Level 10B | 15 lakhs |
| Lieutenant (JCOs/OR & Officers) | Level 10 | 15 lakhs |
| Captain (JCOs/OR & Officers) | Level 10B | 15 lakhs |
| Major (Officers) | Level 11 | 15 lakhs |
| Lieutenant Colonel (Officers) | Level 12A | 15 lakhs |
| Colonel (Officers) | Level 13 | 15 lakhs |
| Brigadier (Officers) | Level 13A | 15 lakhs |
| Major General (Officers) | Level 14 | 15 lakhs |
| Lieutenant General (HAG) (Officers) | Level 15 | 15 lakhs |
| Lieutenant General (HAG+) (Officers) | Level 16 | 15 lakhs |
| VCOAS & Army Cdrs (Apex) (Officers) | Level 17 | 15 lakhs |
| COAS (Officers) | Level 18 | 15 lakhs |
| Serving defence civilian officer (Officers) | Level 11 to 18 | 15 lakhs |
The Canteen Stores Department (CSD) offers a car loan scheme to its eligible members. The scheme is available to serving and retired Armed Forces personnel, as well as Defence Civilian officers.
The eligibility criteria for the CSD car loan scheme are as follows:
- Pay Level
- Serving Officers in Pay Level 10 and 11
- Retired Officers in Pay Level 10 and 11
- Serving and Retired Civilian Officers in Pay Level 11 to 18 (Including Family Pensioners)
- Age
- Maximum age: 60 years (for serving personnel)
- Maximum age: 65 years (for retired personnel)
- Service
- Minimum service: 5 years (for serving personnel)
- No minimum service requirement (for retired personnel)
- Martial Status
- Married or unmarried
- Bank Account
- Must have a bank account in India
The CSD car loan scheme offers a maximum loan amount of Rs.20 lakhs (excluding taxes). The loan amount is repayable over a period of up to 8 years. The interest rate on the loan is 10% per annum.
To avail of the CSD car loan scheme, you will need to submit the following documents to the CSD canteen:
- Identity proof
- Income proof
- Proof of service
- Proof of bank account
The CSD car loan scheme is a great way for eligible members to purchase a car. The scheme offers a competitive interest rate and a long repayment period. If you are eligible for the scheme, I would encourage you to apply for a loan.
Here are some additional details about the CSD car loan scheme:
- The loan amount is disbursed directly to the car dealer.
- The loan is secured against the car.
- The loan is subject to the terms and conditions of the CSD.
For more information about the CSD car loan scheme, please visit the CSD website or contact your nearest CSD canteen.