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Computer Advance Interest Rate 2023-24

July 7, 2024 Ekanathan Leave a Comment

According to the directive from the Finance Ministry on March 29th, 2023, the interest rate for acquiring a computer in the fiscal year 2023-24 is set at 9.10%.

Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North block, New-Delhi
Dated the 29th March, 2023

OFFICE MEMORANDUM

Subject: Advances to Government Servants – Rate of interest for purchase of Computer during 2023-24.

The undersigned is directed to state that the rate of interest for advance sanctioned to the Government servants for purchase of computer during 2023-24 i.e. from 1st April, 2023 to 31st March, 2024 is as under:

Rate of interest per annum
Advance for purchase of Computer 9.1%

(Sanjay Rawat)
Under Secretary (Budget)

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