Government of India
Ministry of Finance
Department of Economic Affairs
New Delhi, the 12th November, 2013
Subject : Advances to Government servants — Rate of interest for purchase of
conveyances during 2013-2014.
The undersigned is directed to state that 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
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(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%
Under Secretary (Budget)