Interest Rate on Loans and Advances for 2012-2013
Finance, Housing Loan, Loans and Advances
Government of West Bengal
Finance Department
Budget Branch
No. 2212-F.B. Kolkata, the 25th March, 2013
From: Goutam Chatterjee, Joint 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 2012-2013.
Sir,
In continuation of this Deptt. Order No. 3174-F.B. dated the 30th March, 2012, 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 2012-2013 as follows :
1. House Building Advances Rate of Interest per annum
(i) Up to Rs. 50,000/- ………… 6%
(ii) Up to Rs. 1,50,000/- ………… 7.5%
(iii) Up to Rs. 5,00,000/- ………… 9%
(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) ………… 9%
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) ………… 6%
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/- Joint Secretary