7.1% Interest Rate on HBA for CG Employees 2022-23
An important order issued by the Department of Housing and Urban Affairs on interest rate for House Building Advance (HBA) to Central Government Employees for the Financial Year 2022-23. The text of the complete order reproduced and given it below for your information…
Government of India
Ministry of Housing & Urban Affairs
Housing – III Section
Nirman Bhawan, New Delhi.
Dated 01st April, 2022
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.
Under Secretary to Govt. of India
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Also read: 7.1% Interest Rate for HBA to Railway Employees 2022-23
Also read: 7th CPC House Building Advance