Rate of Interest for purchase of conveyance revised

Rate of Interest for purchase of conveyance revised 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%