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
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%
-sd-
(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.
-sd-
(A.K. Bhatnagar)
Under Secretary (Budget)
