Revised Rate of Interest for Car and Motor Cycle Advance

Revised Rate of Interest for Car and Motor Cycle Advance

F.No. 5(2)-B(PD)/2012

Government of India

Ministry of Finance
Department of Economic Affairs
New Delhi, the 7th January, 2013
OFFICE  MEMORANDUM
Subject : Advances to Government servants – Rate of interest for purchase of conveyancesduring 2012-2013.
The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2012-2013 i.e. from 1st April, 2012 to 31st March, 2013 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)

Download Finance Ministry Office Memorandum F.No. 5(2)-B(PD)/2012 dated 07.01.2013

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