Government of India Announces 9.1% Interest Rate for Computer Advances in 2025-26
Key Highlights of the Memorandum
Interest Rate:
Applicability:
- The directive applies to all eligible government servants across central ministries, departments, and union territories (UTs) without legislatures.
- The OM has been circulated to key financial authorities, including the Comptroller and Auditor General of India (CAG), Controller General of Accounts (CGA), and Defence Accounts.
Purpose of the Advance:
Implementation & Compliance:
Why This Matters for Government Employees
Conclusion
Header: Government of India, Ministry of Finance, Department of Economic Affairs.Subject: Advances for computer purchase at 9.1% interest.Recipients: All central ministries, UTs, CAG, CGA, and other audit authorities.Issued by: Deputy Director (Budget), Lekfha Nair.
F No. 5(2)-B(PD)/2025
Government of India
Ministry of Finance
(Budget Division)
Room No. 237, North Block,
New Delhi, the 24th March, 2025
OFFICE MEMORANDUM
Subject: Advances to Government Servants – Rate of interest for purchase of Computer during 2025-26.
The undersigned is directed to state that the rate of interest for advance sanctioned to the Government servants for purchase of computer during 2025-26 i.e. from 1st April, 2025 to 31st March, 2026 is as under:
Advance for purchase of Computer | Rate of interest per annum |
---|---|
Computer Advance | 9.1% |
(Lekfha Nair)
Deputy Director (Budget)
To:
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All Ministries/Departments of the Government of India with spare copies for Integrated Finance Division (IFD), Controller of Accounts and Pay and Accounts Officers.
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Finance Secretaries of UTs without legislature.
Copy forwarded to:
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Comptroller and Auditor General of India, New Delhi.
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Controller General of Accounts, New Delhi.
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Controller General of Defence Accounts, New Delhi.
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All Auditor Generals and Director of Accounts.
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Supreme Court of India.
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Union Public Service Commission, New Delhi.
(Lekfha Nair)
Deputy Director (Budget)
Key Details:
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Issuing Authority: Ministry of Finance, Department of Economic Affairs (Budget Division).
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Effective Period: 1st April 2025 to 31st March 2026.
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Interest Rate: 9.1% per annum for computer advances.
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Recipients: All central ministries, UTs, and constitutional bodies (CAG, UPSC, etc.).
Keywords:
Updates:
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