DA Arrears Calculator 1.7.2024 for 3 MonthsInterest rate on House Building Advance (HBA) for Central Government Employees will be 7.9% from October 1, 2019.
I-17011/2(2)/2019/H.III
Government of India
Ministry of Housing & Urban Affairs
(Housing-III-Section)
Nirman Bhawan, New Delhi
Dated: 01.10.2019
Office Memorandum
Subject: Interest Rate on House Building Advance (HBA) for Central Government Employees
The undersigned is directed to say that in partial modification to the Ministry of Housing and Urban Affairs OM bearing No. I.17011/11(4)/2016-H.III dated 9.11.2017 regarding House Building Advance Rules (HBA) – 2017, the competent authority has approved to modify the provision of Para 7(i) in place of the existing provision.
2. Para 7(i) may be read as under:
“The interest rate on House Building Advance (HBA) for Central Government Employees will be 7.9% from October 1, 2019 for a period of one year”.
3. All the order existing provisions in the said OM of even no. dated 9.11.2017 shall be remian same.
sd/-
(G.Srinivasan)
Director (IFD)