Interest Rate on House Building Advance (HBA) for Central Government Employees – FY 2024-25
I-17015/2(2)/2024/H.III/30
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: 23061476
Email ID: manojk.jha[at]nic.in
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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