Advances to Government servants - Rate of interest for purchase of conveyances during 2013-2014 revised

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%

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