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 Economic 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

(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