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Tuesday, January 15, 2013

Rate of interest for purchase of conveyances

 F.No. 5(2)-B(PD)/2012
Government of India
Ministry of Finance
Department of Economic Affairs

                                                                                              New Delhi, the 7th January, 2013

                              OFFICE MEMORANDUM

Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2012-2013.
The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2012-2013 i.e. from 1st April, 2012 to 31st March, 2013 are revised as under:
Rate of interest per annum:

(i) Advance for purchase of conveyance other than motor car (viz. motor cycle, scooter etc.) - 9%
(ii) Advance for purchase of motor car -  11.5%
                                                                                                                        (A.K. Bhatnagar)
                                                                                                              Under Secretary (Budget)