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
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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

To

1. All the Central Government Offices/ Departments.
2. Copy to NIC Cell to upload in Ministry’s website.
3. Copy to IT Cell to upload in e-Office.

Click here to view/download the pdf

Also check the following links related to this topic:

Interest Rate on House Building Advance for Railway employees

House Building Advance – HBA Interest Rates reduced from 8.5% to 7.9%

House Building Advance for Central Government Employees – Amendment to Latest HBA Rules 2017