Interest rate on House Building Advance HBA 7.1% to Central Government Employee for FY 2022-2023 1.4.2022 to 31.3.2023

Interest rate on HBA 2022-2023

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.

Also check: From October 1, 2020 to March 31, 2022, the rate of interest on House Building Advances to Central Government Employees will be 7.9%.

2. This issues with the approval of Competent Authority.

(Amita Gupta)
Under Secretary to Govt. of India

Also Read: Classification of Cities for HRA as per 7th CPC – X Y Z Classification of Cities for HRA

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