Advances to Government servants — Rate of interest for purchase of conveyances during 2011-2012

F.No. 5(2)-B(PD)/2011

Government of India

Ministry of Finance

Department of Economic Affairs

New Delhi, the 19th March, 2012

OFFICE MEMORANDUM

Subject : Advances to Government servants — Rate of interest for purchase of
conveyances during 2011-2012.

The undersigned is directed to state that the rates of interest for advances sanctioned
to the Government servants for purchase of conveyances during 2011-2012 i.e. from
1st April, 2011 to 31st March, 2012 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)