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

No.I-17015/1/2021/H.III
Government of India
Ministry of Housing & Urban Affairs
Housing – III

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.

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

2. This issues with the approval of Competent Authority.

(Amita Gupta)
Under Secretary to Govt. of India

The post Interest rate on House Building Advance to Central Government Employees 2022 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.