Interest rate on House Building Advance (HBA) from 1.10.2020

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

Interest rate on House Building Advance (HBA) from 1st October 2020 to 31st March 2022

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.

2. This issues with the approval of Competent Authority.

(Amita Gupta)
Under Secretary to Govt. of India

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