The government has issued an OM fixing the interest rate for computer advance for the financial year 2023-24 at 9.1%. The rate was 9.80 per annum for the financial year 2022-23. The central government employees can avail advance for purchasing a PC of ₹50,000 or actual price of the PC, whichever is lower.
F.No. 5(2)-B(PD)/2023
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North block, New-Delhi
Dated the 29th March, 2023
OFFICE MEMORANDUM
The undersigned is directed to state that the rate of interest for advance sanctioned to the Government servants for purchase of computer during 2023-24 i.e. from 1st April, 2023 to 31st March, 2024 is as under:
| Rate of interest per annum | |
| Advance for purchase of Computer | 9.1% |
(Sanjay Rawat)
Under Secretary (Budget)
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