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]