Showing posts with label Interest Rates of Loans and Advances.. Show all posts
Showing posts with label Interest Rates of Loans and Advances.. Show all posts

Rates of interest on loans and advances to Government Servants, etc. for the year 2011-2012.

Government of West Bengal
Finance Department
Budget Branch

No. 3174- F.B.

Kolkata, the 30th March, 2012

From : A.R. Chakraborty
Special Secretary
Government of West Bengal.

To : The Accountant General (A&E), West Bengal,
(Book II Section), Treasury Buildings, Kolkata —700 001.

Sub : Rates of interest on loans and advances to Government Servants, etc. for the year 2011-2012.

Sir,

   In continuation of this Deptt. Order No. 644 - F.B. dated the 3lst March, 2011, I am directed to say that the Governor has been pleased to fix the following rates of interest on loans taken by Government Servants during the year 2011-2012 as follows:-

1. House Building Advances                                                                               Rate of Interest per annum
(I) Up to Rs.50,000/-                                                                                                            5%
(ii) Up to Rs.1,50,000/-                                                                                                      6.5%
(iii) Up to Rs.5,00,000/-                                                                                                     8.5%
(iv) Up to Rs.7,50,000/-                                                                                                     9.5%
2. Advance for purchase of Motor Car                                                                                 11.5%
3. Advance for purchase of conveyance other than Motor Car
(Viz. Motor Cycle, Scooter &Moped)                                                                                         8%
4. Advance to Officers of All India Services / State Services for
purchase of Personal Computer                                                                                         11.5%
5. Advance for purchase of Other Conveyances
(Other than item 2 & 3)                                                                                                      5.5%
6. Other Advances (i.e. advances in connection with marriage,
illness, etc. and advances for other purposes) including passage advance                                                                                                                            5.5%

Yours faithfully,

sd/-
Special Secretary

Source:http://www.wbfin.nic.in/writereaddata/3174-FB%20dt.30.03.12.pdf