Computer advance interest rate 2018 19 for central government employees

Computer Advance for Central Government Employees – Rate of Interest 9.8%

Generally, purchasing of computer or laptop on loan from banks or any other financial institution is slightly differs from Advance. Advance is granting to Government employees with minimum interest to purchase a personal computer. After the 7th pay commission, the maximum amount of advance for personal computers is fixed as Rs. 50000.

F.No.5(3)-B(PD)/2019
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated the 16 March, 2020

Office Memorandum

Subject: Advances to Government Servants – Rate of interest for purchase of Computer during 2020-21.

The undersigned is directed to state that the rate of interest for advance sanctioned to the Government servants for purchase of Computer during 2020-21 i.e. from 1st April, 2020 to 31st March 2021 is as under:

Advance for purchase of Computer: Rate of interest per annum – 9.8%

sd/-
(Arup Shyam Chawdhury)
Under Secretary (Budget