ADVANCES TO GOVERNMENT SERVANTS - RATE OF INTEREST FOR PURCHASE OF CONVEYANCES
F.No.5(2)-B(PD)/2011
Government of India
Ministry of Finance
Department of Economics Affairs
New Delhi, the 19th March, 2012
OFFICE MEMORANDUM
Subject : Advances to Government Servants - Rate of interest for purchase of conveyances during 2011-2012.
The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2011-2012 i.e. from 1st April, 2011 to 31st March, 2012 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%
sd/-
(A.K.Bhatnagar)
Under Secretary (Budget)