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