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

2 I-17015/2(2)/2024/H.III/30 

Government of India 

Ministry of Housing & Urban Affairs (Housing-III-Section) To 

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 5(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 31s March, 2025) will be 7.44% till further orders. 

2. This issues with the approval of Competent Authority.

Manoj Kumar Jha) Under Secretary to the Govt. of India Tel: 23061476 Email ID: manojk.jha@nic. in

Copy for kind information to:  

All the Central Government Ministries/Departments 

( 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.