7th CPC HBA interest rate for central government employees
From October 1, 2020 to March 31, 2022, the rate of interest on House Building Advances to Central Government Employees will be 7.9%.
Government of India
Ministry of Housing & Urban Affairs
Housing – III
Nirman Bhawan, New Delhi
Dated 19th April 2021
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.III 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 @7.9% from 1st October 2020 to 31st March 2022 i.e., for 18 months.
Also check: Classification of Cities for HRA as per 7th CPC – X Y Z Classification of Cities for HRA
2. This issues with the approval of Competent Authority.
Under Secretary to Govt. of India