Wednesday, November 20, 2013

Advances to Government servants — Rate of interest for purchase of conveyances during 2013-2014.

F.No. 5(2)-B(PD)/2013
Government of India
Ministry of Finance
Department of Economic Affairs
New Delhi, the 12th November, 2013
 
OFFICE MEMORANDUM
 
Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2013-2014.

The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2013-2014 i.e. from 1st April, 2013 to 31st March, 2014 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)