Rate of Interest on House Building Advance (HBA) for Central Government Employees during 01.04.2023 till 31.03.2024
The Ministry of Housing & Urban Affairs, Government of India has released an office memorandum stating that the interest rate applicable on House Building Advance (HBA) for Central Government Employees during the financial year 2023-24 will be 7.5% from 1st April 2023 to 31st March 2024, in accordance with the revision of interest rates by the Ministry of Finance, Dept of Economic Affairs. The memorandum has been issued with the approval of the Competent Authority.
I-17015/2(2)/2022/H.III/5
Government of India
Ministry of Housing & Urban Affairs
(Housing III Section)
Nirman Bhawan, New Delhi
Dated 27.03.2023
OFFICE MEMORANDUM
Subject: – Applicable Rate of Interest on House Building Advance (HBA) for Central Government Employees during 01.04.2023 till 31.03.2024.
In pursuance to revision of interest rate by Ministry of Finance, Dept of Economic Affairs vide OM 5(2)-B(PD)/2023 dated 20.03.2023, the rate of interest applicable on House Building Advance sanctioned to Central Government Employees during FY 2023-24 (i.e. 1st April, 2023 to 31st March, 2024) will be 7.5% till further orders.
2. This issues with the approval of Competent Authority.
(Amita Gupta)
Under Secretary to the Govt. of India
tel: 23061476