Interest rates for Loans and Advances by the Central Government – Finmin Orders

Interest rates for Loans and Advances by the Central Government – Finmin Orders

Loans and Advances by the Central Government – Interest rates and other terms and conditions

F.No.5(3)-B(PD)/2015

Government of India

Ministry of Finance

Department of Economic Affairs

New Delhi, the 3rd February, 2016

OFFICE MEMORANDUM

Subject:- Loans and Advances by the Central Government – Interest rates and other terms and conditions.

Reference this Ministry’s Office Memorandum F.No.5(3)-B(PD)2014 dated 29th December, 2014 on the captioned subject.

2. The lending rates, categories and conditions prescribed in the aforesaid Office Memorandum have been reviewed. The revised rates of interest, categories and conditions as given in the table below, would be applicable from 1st April, 2015 and till the time these are reviewed:

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Advances to Central Govt Employees : Rate of Interest during 2015-16

Advances to Central Govt Employees : Rate of Interest during 2015-16

Advances to Government servants — 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 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:

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)

Authority: www.finmin.nic.in

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