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Interest Rate on Loans and Advances for 2013-2014

Governor has been pleased to fix the following rates of interest on loans and advances taken by Government Servants during the year 2013-2014 as follows:

For any query, ask here: Interest Rate on Loans and Advances for 2013-2014

Update: Interest Rate on Loans and Advances for 2014-2015

Government of West Bengal
Finance Department
Budget Branch

No. 179-F.B. Kolkata, the 22nd May, 2014

From : A.R. Chakraborty
O.S.D. & Ex-Officio 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 2013-2014

Sir,

In continuation of this Deptt. Order No. 2212-F.B. dated the 25th March, 2013, 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 2013-2014 as follows :

Rate of Interest per annum

1. House Building Advances

 

(i) Up to Rs. 50,000/-
(ii) Up to Rs. 1,50,000/-
(iii) Up to Rs. 5,00,000/-
(iv) Up to Rs. 7,50,000/-

6%
7.5%
9%
9.5%
2. Advance for purchase of Motor Car11.5%
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 Computer11.5%
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 advance5.5%

Yours faithfully,

Sd/- A.R. Chakraborty
O.S.D. & Ex-Officio Secretary

No. 179-F.B. dated 22.05.2014, Source