Interest Rate On House Building Advance (HBA) To CG Employees From 01.10.2020 To 31.03.2022

Interest rate on House Building Advance (HBA) to Central Government Employees will be @7.9% from 01.10.2020 to 31.03.2022

No.I-17015/1/2021/H.III

Government of India

Ministry of Housing & Urban Affairs

Housing — III

Nirman Bhawan, New Delhi

Dated 19th April 2021

OFFICE MEMORANDUM

Subject: Interest rate on House Building Advance (HBA) to Central Government Employees — reg.

The undersigned is directed to state that in partial modification of this Ministry’s OM No. I.17011/11(4)/2016-H.III dated 09.11.2017 regarding House Building Advance Rules (HBA) — 2017, the rate of interest on House Building Advance to Central Government Employees will be @7.9% from 1st October, 2020 to 31st March, 2022 i.e., for 18 months.

2. This issues with the approval of Competent Authority.

(Amita Gupta)

Under Secretary to Govt. of India

Tel: 23061036

All the Central Government Offices/ Departments.

Copy to NIC Cell to upload in Ministry’s website.

Copy to IT Cell to upload in e-Office.

Source - G Connect