Rates of interest on loans and advances to Government Servants, etc. for the year 2011-2012.

Government of West Bengal
Finance Department
Budget Branch

No. 3174- F.B.

Kolkata, the 30th March, 2012

From : A.R. Chakraborty
Special Secretary
Government of West Bengal.
To : The Accountant General (A&E), West Bengal,
(Book II Section), Treasury Buildings, Kolkata —700 001.

Sub : Rates of interest on loans and advances to Government Servants, etc. for the year 2011-2012.

Sir,

   In continuation of this Deptt. Order No. 644 - F.B. dated the 3lst March, 2011, I am directed to say that the Governor has been pleased to fix the following rates of interest on loans taken by Government Servants during the year 2011-2012 as follows:-

1. House Building Advances                                                                               Rate of Interest per annum
(I) Up to Rs.50,000/-                                                                                                            5%
(ii) Up to Rs.1,50,000/-                                                                                                      6.5%
(iii) Up to Rs.5,00,000/-                                                                                                     8.5%
(iv) Up to Rs.7,50,000/-                                                                                                     9.5%
2. Advance for purchase of Motor Car                                                                                 11.5%
3. Advance for purchase of conveyance other than Motor Car
(Viz. Motor Cycle, Scooter &Moped)                                                                                         8%
4. Advance to Officers of All India Services / State Services for
purchase of Personal Computer                                                                                         11.5%
5. Advance for purchase of Other Conveyances
(Other than item 2 & 3)                                                                                                      5.5%
6. Other Advances (i.e. advances in connection with marriage,
illness, etc. and advances for other purposes) including passage advance                                                                                                                            5.5%

Yours faithfully,

sd/-
Special Secretary

Source:http://www.wbfin.nic.in/writereaddata/3174-FB%20dt.30.03.12.pdf