Advances to Central Government Employees — Rate of interest for purchase of conveyances during 2012-2013

Advances to Central Government servants — Rate of interest for purchase of conveyances during 2012-2013

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)

source ; Finmin

for Finmin Office Memorandum visit at : http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey12.pdf