HBA: Revision of Interest Rate wef 1st October 2019 – reg.

HBA: Revision of Interest Rate wef 1st October 2019 – reg.

1-17011/2(2)/ 2019/H.III
Government of India
Ministry of Housing & Urban Affairs
(Housing-Ill-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. 1. 17011/11(4)/2016-H .III dated 09 . 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 other existing provisions in the said OM of even no. dated 09.11.2017 shall remain same.

(G Srinivasan)
Director (IFD)
Tel: 011-23062127

To,

1. All the Central Government Offices/Departments
2. Copy to NIC to upload in the Ministry website )
3. Copy to IT Cell for uploading in E-Office

Source: http://mohua.gov.in/

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