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

 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%

(A.K. Bhatnagar)

Under Secretary (Budget)

source-http://www.finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey13.pdf