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Interest Rate on Loans and Advances for 2012-2013

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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

No. 2212-FB dated 25.03.2013, Source