Government of India, Ministry of Housing & Urban Affairs Department has issued an order for Interest rate 7.1% on House Building Advance (HBA) to Central Government Employees for FY 2022-23.
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