Car/Motor Cycle Advance interest revised

Government of India, Finance Ministry has revised the rate of interest for the advances sanctioned to CentralGovernment Employees for purchase of two wheeler and four Wheelers during April 2011 to 31st March 2012.

The Office Memorandum F.No.5(2)-B(PD)/2011 dated 19.03.2012 is placed below for ready reference. The Office Memorandum F.No.5(2)-B(PD)/2011 dated 19.03.2012 has been issued in this respect which reveals that rate of interest per annum t of advances obtained for purchase of two wheelers and Four wheelers has been fixed at 9% and 11.5% respectively.

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