Interest rate on House Building Advance (HBA) @ 7.1% for FY 2022-23 to Central Government Employees

Interest rate on House Building Advance (HBA) @ 7.1% for FY 2022-23 to Central Government Employees

Interest rate on House Building Advance (HBA) @ 7.1% for FY 2022-23 to Central Government Employees – MoHUA O.M. dated 01.04.2022

F.No.1-17015/2(2)/2022/H.III
Government of India
Ministry of Housing & Urban Affairs
Housing — III Section

Nirman Bhawan, New Delhi.
Dated 01st April, 2022

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.II 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 @ 7.1% for FY 2022-23 starting from 1st April, 2022 to 31st March, 2023.

2. This issues with the approval of Competent Authority.

(Amita Gupta)
Under Secretary to Govt. of India
Tel: 23061476

To

  1. All the Central Government Offices/ Departments.
  2. Copy to NIC Cell to upload in Ministry of Housing & Urban Affairs website.
  3. Copy to IT Cell to upload in e-Office of Ministry of Housing & Urban Affairs.

Copy for information to:

  1. PS to Hon’ble Finance Minister, Ministry of Finance, North Block, New Delhi.
  2. PS to Hon’ble Housing & Urban Affairs Minister, Ministry of Housing & Urban Affairs, Nirman Bhawan, New Delhi.
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Source: Click here to view/download PDF

[https://www.mohua.gov.in/upload/whatsnew/6246aba55b4e7Rate-of-Interst-rate.pdf]

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    […] copy of Ministry of Housing & Urban Affairs (MoH&UA)’s OM No. I-17015/2(2)/2022/H.III dated 01.04.2022 regarding the subject mentioned above, is enclosed. These instructions shall be applicable […]