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Wednesday, January 9, 2013

Rate of Interest on Motor Cycle/Motor Car for the financial year 12-13-Declared by the Finance Ministry


F.No. 5(2)-B(PD)/2012
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)
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