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

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 (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) Source:www.finmin.nic.in Share and Care

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