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Friday, March 22, 2013

Rates of interest on advances and loans to Govt. Employees


No.l-17011l2(6)/2013-H.lll
Ministry of Urban Development
(Housing-lll Section)
*****
Nirman Bhawan, New Delhi.
Dated:- the 17th lanuary,2013

OFFICE MEMORANDUM

Subject:- Rates of interest on advances and loans to Govt. employees, for construction/ purchase of houses/flats.

The undersigned is directed to enclose herewith a copy of  Ministry of Finance, Deptt. of Expenditure's O.M. No. 5(3)-B(PD/2012 dated the 3rd January 2013 intimating the rates of interest on advances and loans given to Government employees for construction/purchase of houses/flats during 20L2-L3 i.e. 1st April, 2012 to 31st March, 2013 and until further orders, for information and compliance

Sd/
(S.K.Ram)
DY. Financial Adviser

To
1- All Ministrles/ Departments of Government of India.
2. All Union Territories.





No. 5(3)-B(PD)/2012
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
Room No. 263- B, North Block,
New Delhi, dated the 3rd January, 2013

Office Memorandum

                The undersigned is directed to state that the rates of interest on advances and loans given to Government Employees for construction/purchase of              house/flats during 2012-13       i.e. 1st April 2012 to 31 March, 2013 and until further orders will be as under:

Slab
        Interest rate percent per annum
Advance up to  Rs. 50,000
6.00
Advance up to  Rs. 1,50,000
7.50
Advance up to  Rs. 5,00,000
9.00
Advance up to  Rs. 7,50,000
9.50

                Ministry of Urban Development is requested to issue separate OM at their level on the above issue.

                This issues with the approval of Hon’ble Finance Minister.

Sd/
(A.K. Bhatnagar)
Under Secretary (Budget)
23095085
Joint Secretary & Financial Advisor,
Ministry of Urban Development
Room No. 258-A,
Nirman Bhawan,
New Delhi

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