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20 Jun, 2024 10:40 AM

7.44% interest on House Building Advance (HBA) for FY 2024-25

7.44% interest on House Building Advance (HBA) for FY 2024-25

I-17015/2(2)/2024/H.III/20
Government of India
Ministry of Housing & Urban Affairs
(Housing-III-Section)

Nirman Bhawan, New Delhi
Dated: 12 June, 2024

OFFICE MEMORANDUM

Subject: – Rate of Interest on House Building Advance (HBA) for Central Government Employees for FY 2024-25.

In pursuance to revision of interest rate by Department of Economic Affairs, Ministry of Finance vide OM No 9(2)-B(PD)/2024 dated 10.06.2024, the rate of interest applicable on House Building Advance sanctioned to Central Government Employees for Financial Year 2024-25 (i.e. 1 April, 2024 to 31 March, 2025) will be 7.44% till further orders.

2. This issues with the approval of Competent Authority.

Sd/-
(Manoj Kumar Jha)
Under Secretary to the Govt. of India
Tel: 230********
Email ID: ***********

To
All the Central Government Ministries/Departments
Copy for kind information to:
1. PS to Hon’ble Minister, Ministry of Finance, North Block, New Delhi.
2. PS to Hon’ble Minister, Ministry of Housing & Urban Affairs, Nirman Bhawan, New Delhi
3. PS to Hon’‘ble Minister of State, Ministry of Housing & Urban Affairs, Nirman Bhawan, New Delhi.
4. SO (IT Cell) with a request to upload it in e-office and on website of Ministry of Housing & Urban Affairs.




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