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		<title>Advances to Government servants — Rate of interest for purchase of conveyances during 2012-2013</title>
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		<pubDate>Thu, 10 Jan 2013 16:18:09 +0000</pubDate>
				<category><![CDATA[EPFO]]></category>
		<category><![CDATA[Interest Bearing Advances]]></category>
		<category><![CDATA[Interest Free Advances]]></category>
		<category><![CDATA[Interest on Advances]]></category>
		<category><![CDATA[Interest on GPF]]></category>
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					<description><![CDATA[<p>F.No. 5(2)-B(PD)/2012 Government of India Ministry of Finance Department of Economic Affairs &#160; New Delhi, the 7th January, 2013 &#160; 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 [&#8230;]</p>
<p>The post <a href="https://centralgovernmentnews.com/advances-to-government-servants-rate-of-interest-for-purchase-of-conveyances-during-2012-2013/">Advances to Government servants — Rate of interest for purchase of conveyances during 2012-2013</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div style="text-align: center;"><strong>F.No. 5(2)-B(PD)/2012</strong></div>
<div style="text-align: center;"><strong>Government of India</strong></div>
<div style="text-align: center;"><strong>Ministry of Finance</strong></div>
<div style="text-align: center;"><strong>Department of Economic Affairs</strong></div>
<p>&nbsp;</p>
<div style="text-align: right;">New Delhi, the 7th January, 2013</div>
<p>&nbsp;</p>
<div style="text-align: center;"><strong><span style="text-decoration: underline;">OFFICE  MEMORANDUM</span></strong></div>
<p>Subject : <strong>Advances to Government servants — Rate of interest for purchase of conveyances during 2012-2013.</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 2012-2013 i.e. from 1st April, 2012 to 31st March, 2013 are revised as under:</p>
<p>Rate of interest per annum :-</p>
<table border="01" cellspacing="0" cellpadding="5">
<tbody>
<tr>
<th></th>
<th>Rate of interest<br />
per annum</th>
</tr>
<tr>
<td>(i) Advance for purchase of conveyance other than motor car (viz. motor cycle, scooter etc.)</td>
<td>
<div><strong>9% </strong></div>
</td>
</tr>
<tr>
<td>(ii) Advance for purchase of motor car</td>
<td>
<div><strong>11.5% </strong></div>
</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<div style="text-align: right;">sd/-</div>
<div style="text-align: right;">(A.K. Bhatnagar)</div>
<div style="text-align: right;">Under Secretary (Budget)</div>
<p>Source: www.finmin.nic.in<br />
[http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/RoIPurchConvey12.pdf]</p>
<p>The post <a href="https://centralgovernmentnews.com/advances-to-government-servants-rate-of-interest-for-purchase-of-conveyances-during-2012-2013/">Advances to Government servants — Rate of interest for purchase of conveyances during 2012-2013</a> appeared first on <a href="https://centralgovernmentnews.com">CENTRAL GOVERNMENT EMPLOYEES NEWS</a>.</p>
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