Rate of Interest for Advances for purchasing Motor cycle, Scooter and Car
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 that the rate 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:
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%
The rates remain unchanged from those applicable for the financial year 2014-15.
sd/-
(A.K. Bhatnagar)
Under Secretary (Budget)
Click here to Download the Order…
READ: 7th CPC implementation – Minutes of the Meeting of Nodal Officers held on 2-2-2016
Changes in EPS by the Central Government
Changes in EPS by the Central Government as per New Notification MINISTRY OF LABOUR AND...
DoPT Clarification dated 28-07-2020 : Regularization of absence during COVID 19 lockdown period
DOPT Clarification on regularization of absence during COVID-19 epidemic lockdown period. F.No.14029/5/2019-Estt.(L)(Pt.2)Government of IndiaMinistry of...
Grant of annual increment due on 1st July to the employees retiring on 30th June of the year
A number of representations are being received in this office seeking grant of one annual...
Delhi High Court Dismisses Plea against Freezing of DA and DR
Delhi High Court Dismisses Plea against Centre’s decision on Freezing of Dearness Allowance and Dearness...
Retention in Govt Service beyond the age of 50 years or on completion of 30 years of service
Retention in Govt Service beyond the age of 50 years or on completion of 30...
Stepping up of pay of senior Assistants of CSS drawing less pay on promotion
Stepping up of pay of senior Assistants of CSS drawing less pay on promotion in...