Tag: Interest rates

Interest Subvention of 1% on housing loans

| July 4, 2012 | Reply

The Union Cabinet today approved the proposal for extending the scheme of interest subvention of 1% on housing loans upto Rs.15 lakh where the cost of the house does not exceed Rs.25 lakh for the year 2012-13 and to amend the operational part of guidelines for release of funds. A budgetary provision of Rs.400 crore […]

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Linking of GPF Interest Rates With EPFO

| May 3, 2012 | Reply

Linking of GPF Interest Rates With EPFO The rates of interest on General Provident Fund (GPF) is 8% for the period from 1.4.2011 to 30.11.2011 and 8.6% from 1.12.2011 to 31.3.2012, whereas the rate of interest on EPF for the financial year 2011-12 is 8.25%. Rate of interest on EPF is fixed on the recommendation […]

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Revision of Interest rates for small savings schemes

| March 26, 2012 | Reply

No. 6-1/2011-NS.ll (Pt.) Ministry of Finance Department of Economic Affairs (Budget Division) New Delhi, the 26 March, 2012. OFFICE MEMORANDUM Sub: Revision of Interest rates for small savings schemes. The undersigned is directed to refer to Ministry of Finance’s O.M. of even number dated 11th  November, 2011, vide which the various decisions taken by the […]

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Advances to Government servants — Rate of interest for purchase of conveyances during 2011-2012

| March 19, 2012 | Reply

F.No. 5(2)-B(PD)/2011 Government of India Ministry of Finance Department of Economic Affairs New Delhi, the 19th  March, 2012 OFFICE  MEMORANDUM Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2011-2012. The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for […]

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Loans and Advances by the Central Government -The revised rates of interest applicable from 1st April, 2011

| March 19, 2012 | Reply

MOST IMMEDIATE F.No.5(3)-B(PD)/2011 Government of India Ministry of Finance Department of Economic Affairs New Delhi, the 19th March, 2012 OFFICE MEMORANDUM Subject:- Loans and Advances by the Central Government – Interest rates and other terms and conditions. Reference this Ministry’s Office Memorandum F.No.5(3)-B(PD)2010 dated 31st December, 2010 on the captioned subject. 2. The lending rates […]

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GPF interest rate for 2011-12

| March 19, 2012 | Reply

F.NO. 5(1)-B(PD)/2011 Government of India Ministry of Finance (Department of Economic Affairs) New Delhi, the 19th March, 2012 RESOLUTION It is announced for general information that during the year 2011-2012, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per […]

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