Interest Rate on Loans and Advances for 2015-2016

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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

No. 331-FB dated 17.06.2016, Source