Monday, November 18, 2013
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)
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