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Interest Rate on Loans and Advances for 2011-2012

The Governor has been pleased to Fix the following rates of interest on loans taken by Government Servants during the year 2011-2012 as follows:

For any query, ask here: Interest Rate on Loans and Advances for 2011-2012

Update: Interest Rate on Loans and Advances for 2012-2013

Government of West Bengal
Finance Department
Budget Branch

No. 3174-F.B. Dated: 30.03.2012

From: A.R. Chakraborty, Special 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 2011-2012.

Sir,

In continuation of this Deptt. Order No. 644-F.B. dated the 31st March, 2011, 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 2011-2012 as follows:

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/-
Rate of Interest per annum 5%
6.5%
8.5%
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)8%
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)5.5%
6. Other Advances (i.e. advances in connection with marriage, illness, etc, and advances for other purposes) including passage advance5.5%

Yours faithfully,

Sd/- Special Secretary

No. 3174-FB dated 30.03.2012, Source