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

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)

Leave a Reply Cancel reply