Wednesday, March 21, 2012
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 Economics 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% sd/- (A.K.Bhatnagar) Under Secretary (Budget) Source: www.finmin.nic.in [http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey11.pdf]