Interest Rate for Computer Advance to Government Servants is 9.8% in 2022-23
Advances to Government Servants – Rate of interest for purchase of Computer during 2022-23
F.No. 5(1)-B(PD)/2022
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New-Delhi
Dated the 21st March 2022
OFFICE MEMORANDUM
Subject: Advances to Government Servants – Rate of interest for purchase of Computer during 2022-23.
The undersigned is directed to state that the rate of interest for advance sanctioned to the Government servants for purchase of computer during 2022-23 i.e. from 1st April 2022 to 31st March 2023 is as under:
| Rate of interest per annum | |
| Advance for purchase of Computer | 9.80% |
(Parveen Singh)
Under Secretary (Budget)
To
1) All Ministries/Departments of the Government of India with Spare copies for Integrated Finance Division (IFD), Controller of Accounts, and Pay and Accounts Offices.
2) Finance Secretaries of UTs without legislature.
Copy forwarded to:-
1) Comptroller and Auditor General of India, New Delhi.
2) Controller General of Accounts, New Delhi.
3) Controller General of Defence Accounts, New Delhi.
4) All Auditor Generals and Director of Accounts.
5) Supreme Court of India.
6) Union Public Service Commission, New Delhi.
(Parveen Singh)
Under Secretary (Budget)
Source: Ministry of Finance
Advance of amount Rs 50,000- sanctioned on 09.08.2018. rate of interest 9.5%. After completion of principal amount how can calculate the amount of interest and how many month’s to be deducted?