Revised Rate of interest for purchase of conveyances during 2012-2013: Advances to Government servants

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%

Sd/-

(A.K. Bhatnagar)

Under Secretary (Budget)

Source: http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey12.pdf