Advances to Government servants — Rate of interest for purchase of conveyances during 2011-2012.

F.No. 5(2)-B(PD)/20II
Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 19" 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%

 

(A.K. Bhatnagar)
Under Secretary (Budget)

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