Ministry of Urban Development
Nirman Bhawan, New Delhi.
Dated:- the 17th January, 2013
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 2012-13 i.e. 1st April, 2012 to 31St March, 2013 and until further orders, for information and compliance.
Dy. Financial Adviser
Government of India
Ministry of Finance
Department of Economic Affairs
Room No. 263-B, North Block,
New Delhi dated the 3rd January, 2013.
The undersigned is directed to state that the rates of interest on advances and loans given to Government employees for construction/purchase of houses/flats during 2012-13 i.e. 1st April, 2012 to 31st March, 2013 and until further orders will be as under:-
Slab Interest Rate percent per annum
Advance upto Rs. 50,000/- 6.00
Advance uto Rs. 1,50,000/- 7.50
Advance upto Rs. 500,000/- 9.00
Advance upto Rs. 7,50,000/- 9.50
Ministry of Urban Development is requested to issue separate O.M. at their level on the above issue.
This issues with the approval of Flon'bie Finance Minister.
Under Secretary (Budget)