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Home IP Paper 2 HBA Rate of Interest for Fy 2022-23 is 7.1% | Interest rate on House Building Advance (HBA) to Central Government (CG) Employees

HBA Rate of Interest for Fy 2022-23 is 7.1% | Interest rate on House Building Advance (HBA) to Central Government (CG) Employees

Friday, April 01, 2022 0

 F.No.I-17015/2(2)/2022/H.111

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. 1.17011/11(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 @7.1% for FY 2022-23 starting from 1st April, 2022 to 31st March, 2023.


2. This issues with the approval of Competent Authority.



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