Advances to Government servants — Rate of interest for purchase of conveyances during 2011-2012

F.No. 5(2)-B(PD)/2011

Government of India
Ministry of Finance
Department of Economic 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%

 

(A.K. Bhatnagar)
Under Secretary (Budget)

view pdf-http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey11.pdf