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Advances to Government servants – Rate of interest for purchase of conveyances during 2010-2011

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Advances to Government servants

  

F.No.5(2)-B(PD)-2010
Government of India
Ministry of Finance
Department of Economic Affairs

  

New Delhi, the 31st December, 2010

  


OFFICE MEMORANDUM


  
Subject: Advances to Government servants – Rate of interest for purchase of conveyances during 2010-2011.
  
The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2010-2011 i.e., from 1st April, 2010 to 31st March, 2011 will continue to be the same level as for 2009-2010, as under:
  

– Rate of Interest
per annum
(i) Advance for purchase of conveyance other than motor car (viz. motor cycel, scooter ect.,) 8%
(ii) Advance for purchase of motor car 11.5%

  
  

(A.K. Bhatnagar)
Under Secretary (Budget)

  
  

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