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Rate of Interest for purchase of conveyance revised

Rate of Interest for purchase of conveyance revised  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

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)

Download Department of Expenditure Office Memorandum F.No. 5(2)-B(PD)/2013 dated 12.11.2013