Home Allowance Advances to Government servants — Rate of interest for purchase of conveyances

Advances to Government servants — Rate of interest for purchase of conveyances

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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

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(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)

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

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