Interest Rate on Loans and Advances for 2014-2015

Rate of Interest for Other Advances (i.e. advances in connection with marriage, illness, etc. and advances for other purposes) including passage advance is 5.5% per annum.

Government of West Bengal
Finance Department
Budget Branch

No. 64-F.B. Kolkata, the 21st April, 2015

From: Anurag Srivagtava, I.A.S.
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 2014-2015

Sir,

In continuation of this Deptt. Order No. 179-F.B. dated the 22nd May, 2014, 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 2014-15 as follows:

1. House Building Advances Rate of Interest per annumRate 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 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/- Anurag Srivastava
Joint Secretary

No. 64-FB dated 21.04.2015, Source

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