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%

Sd/-
(A.K. Bhatnagar)
Under Secretary (Budget)

Source:http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey13.pdf