F.No. 5(2)-B(PD)/2012
Government of India
Ministry of Finance
Department of Economic Affairs
Government of India
Ministry of Finance
Department of Economic Affairs
New Delhi, the 7th January, 2013
OFFICE MEMORANDUM
Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2012-2013.
The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2012-2013 i.e. from 1st April, 2012 to 31st March, 2013 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)
To
1. All Ministries/Departments of the Government of India with spare copies for IFA, Controller of Accounts and Pay and Accounts Offices.
2. Finance Secretaries of UTs without legislature.
Copy forwarded to:—
1. C&AG of India, New Delhi.
2. C.G.A., New Delhi.
3. C.G.D.A., New Delhi.
4. All AGs and Director of Accounts.
5. Supreme Court of India.
6. UPSC, New Delhi.
(A.K. Bhatnagar)
Under Secretary (Budget)
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