F.No. 5(2)-B(PD)/2012 Government of India Ministry of Finance Department of Economic Affairs New Delhi, the 7th January, 2013 OFFICE MEMORANDUM Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2012-2013. The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2012-2013 i.e. from 1st April, 2012 to 31st March, 2013 are revised as under: Rate of interest per annum (i) Advance for purchase of conveyance other than motor car (viz. motor cycle, scooter etc.) - 9% (ii) Advance for purchase of motor car - 11.5% (A.K. Bhatnagar) Under Secretary (Budget) To 1. All Ministries/Departments of the Government of India with spare copies for IFA, Controller of Accounts and Pay and Accounts Offices. 2. Finance Secretaries of UTs without legislature. Copy forwarded to:— 1. C&AG of India, New Delhi. 2. C.G.A., New Delhi. 3. C.G.D.A., New Delhi. 4. All AGs and Director of Accounts. 5. Supreme Court of India. 6. UPSC, New Delhi.