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		<title>Advances to Government servants &#8211; Rate of interest for purchase of conveyances during 2015-2016.</title>
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					<description><![CDATA[<p>Advances to Government servants &#8211; Rate of interest for purchase of conveyances during 2015-2016. F.No. 5(2)-B(PD)/2015 Government of India Ministry of Finance Department of Economic Affairs New Delhi, the 3rd February, 2016 OFFICE MEMORANDUM Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2015-2016. The undersigned is directed to state [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/advances-to-government-servants-rate-of-interest-for-purchase-of-conveyances-during-2015-2016/">Advances to Government servants &#8211; Rate of interest for purchase of conveyances during 2015-2016.</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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										<content:encoded><![CDATA[<p><strong>Advances to Government servants &#8211; Rate of interest for purchase of conveyances during 2015-2016.</strong></p>
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<p style="text-align: center;">F.No. 5(2)-B(PD)/2015<br />
Government of India<br />
Ministry of Finance<br />
Department of Economic Affairs</p>
<p style="text-align: right;">New Delhi, the 3rd February, 2016</p>
<p style="text-align: center;"><span style="text-decoration: underline;"><strong>OFFICE MEMORANDUM</strong></span></p>
<p>Subject : <strong>Advances to Government servants — Rate of interest for purchase of conveyances during 2015-2016.</strong></p>
<p>The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2015-2016 i.e. from 1st April, 2015 to 31st March, 2016 are as under:</p>
<table border="1" width="100%" cellspacing="5" cellpadding="5">
<tbody>
<tr>
<td colspan="2"></td>
<td align="center"><strong>Rate of interest<br />
per annum</strong></td>
</tr>
<tr>
<td>(i)</td>
<td>Advance for purchase of conveyance other than motor car (viz. motor cycle, scooter etc.)</td>
<td align="center">9%</td>
</tr>
<tr>
<td>(ii)</td>
<td>Advance for purchase of motor car</td>
<td align="center">11.5%</td>
</tr>
</tbody>
</table>
<p>The rates remain unchanged from those applicable for the financial year 2014-15.</p>
<p style="text-align: right;">(A.K. Bhatnagar)<br />
Under Secretary (Budget)</p>
<p>To<br />
1. All Ministries/Departments of the Government of India with spare copies for Integrated Finance Division (IFD), Controller of Accounts and Pay and Accounts Offices.</p>
<p>2. Finance Secretaries of UTs without legislature.</p>
<p>Copy forwarded to:—<br />
1. C&amp;AG of India, New Delhi.<br />
2. C.G.A., New Delhi.<br />
3. C.G.D.A., New Delhi.<br />
4. All AGs and Director of Accounts.<br />
5. Supreme Court of India.<br />
6. UPSC, New Delhi.</p>
<p><a href="http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/OMAdvGovtSerROI03022016.pdf" target="_blank">Official Order</a></p>
<p>The post <a href="https://centralgovernmentnews.com/advances-to-government-servants-rate-of-interest-for-purchase-of-conveyances-during-2015-2016/">Advances to Government servants &#8211; Rate of interest for purchase of conveyances during 2015-2016.</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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