Rate of Interest on House Building Advance (HBA) for Central Government Employees for FY 2024-25

I-17015/2(2)/2024/H.III/20

Government of India

Ministry of Housing & Urban Affairs

(Housing-III-Section)

Nirman Bhawan, New Delhi

Dated: 12 June, 2024

OFFICE MEMORANDUM

Subject: – Rate of Interest on House Building Advance (HBA) for Central Government Employees for FY 2024-25.

In pursuance to revision of interest rate by Department of Economic Affairs, Ministry of Finance vide OM No 9(2)-B(PD)/2024 dated 10.06.2024, the rate of interest applicable on House Building Advance sanctioned to Central Government Employees for Financial Year 2024-25 (i.e. 1% April, 2024 to 31 March, 2025) will be 7.44% till further orders.

2. This issues with the approval of Competent Authority.

Sd/-

(Manoj Kumar Jha)

Under Secretary to the Govt. of India

Tel: 23061476

Email ID: manojk.jha[at]nic.in

To

All the Central Government Ministries/Departments

Copy for kind information to:

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

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

3. PS to Hon’‘ble Minister of State, Ministry of Housing & Urban Affairs, Nirman Bhawan, New Delhi.

4. SO (IT Cell) with a request to upload it in e-office and on website of Ministry of Housing & Urban Affairs.