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Rate of interest for purchase of conveyances during 2012-2013




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09 Jan, 2013 8:13p.m.


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)


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