Interest Rate on Loans and Advances for 2015-2016
Government of West Bengal
Finance Department
Budget Branch
No. 331-F.B. Kolkata, the 17th June 2016
From: Puneet Yadav, I.A.S.
Secretary
to the 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 2015-2016
Sir,
In continuation of this Deptt. Order No. 64-F.B. dated the 21.04.2015, 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 2015-16 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/-Puneet Yadav
Secretary