Interest on House Building Advance (HBA) is 7.5% for Central Government Employees

 Applicable rate of Interest on House Building Advance (HBA) for Central Government Employees during 01.04.2023 till 31.03.2024



J-17015/2(2)/2022/H.111/5

Government of India

Ministry of Housing & Urban Affairs (Housing III Section)

Nirman Bhawan, New Delhi 

Dated 27.03.2023.

OFFICE MEMORANDUM

Subject: - Applicable Rate of Interest on House Building Advance (HBA) for Central Government Employees during 01.04.2023 till 31.03.2024.

In pursuance to revision of interest rate by Ministry of Finance, Dept of Economic Affairs vide OM 5(2)-B(PD)/2023 dated 20.03.2023, the rate of interest applicable on House Building Advance sanctioned to Central Government Employees during FY 2023-24 (i.e., 1st April 2023 to 31st March 2024) will be 7.5% till further orders.

2. This issues with the approval of Competent Authority.

(Amita Gupta)

Under Secretary to the Govt. of India

Tel: 23061476

To

All the Central Government Ministries/Departments

Copy for information to:

1. PS to Hon'ble Minister, Ministry of Finance, North Block, New Delhi.

2. PS to Hon'ble Minister, Housing & Urban Affairs Minister, Nirman Bhawan, New Delhi.

3. Copy to NIC to upload on website of Ministry of Housing & Urban Affairs. 

4. Copy to IT Cell for uploading in E-Office.