Interest Rate on Loans and Advances for 2014-2015

Department: Finance

Subject:

Government of West Bengal
Finance Department
Budget Branch

No. 64-F.B. Kolkata, the 21st April, 2015

ORDER

From: Anurag Srivagtava, I.A.S.
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 2014-2015

Sir,

In continuation of this Deptt. Order No. 179-F.B. dated the 22nd May, 2014, 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 2014-15 as follows:

  1. House Building Advances Rate of Interest per annum | Rate of Interest per annum
  2. (i) Up to Rs. 50,000/- | 6%
  3. (ii) Up to Rs. 1,50,000/- | 7.5%
  4. (iii) Up to Rs. 5,00,000/- | 9%
  5. (iv) Up to Rs. 7,50,000/- | 9.5%
  6. Advance for purchase of Motor Car | 11.5%
  7. Advance for purchase of conveyance other than Motor Car (Viz. Motor Cycle, Scooter & Moped) | 9%
  8. Advance to Officers of All India Services/ State Services for purchase of Personal Computer | 11.5%
  9. Advance for purchase of Other Conveyances (Other than item 2 & 3) | 6%
  10. Other Advances (i.e. advances in connection with marriage, illness, etc. and advances for other purposes) including passage advance | 5.5%

Yours faithfully,
Sd/- Anurag Srivastava
Joint Secretary

No. 64-FB dated 21.04.2015

Copy forwarded for information & necessary action to:-

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