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Central Government make clear to Lesser the Interest rates on HBA from October 2019

October 4, 2019 By admin Leave a Comment

Central Government make clear to Lesser the Interest rates on HBA from October 2019

To boost the Real Estate Sector, Centre has taken new measures in various steps like reduction of GST and allocation more funds. And now another measure on target of Central Government employees, the rates of interest on HBA reduced to 7.9%. The move will help to the Government employees to built new houses or buy a new flat of their own.

The Central Government has decided to reduce the interest rates on House Building Advance from 8.5% to 7.9% with effect from 1.10.2019.

7th Pay Commission already recommended to hike 34 times of basic pay in House Building Advance to all eligible Central Government employees.

Central Government employees who have completed five years service are eligible to avail House Building Advance.

7th CPC HBA  – House Building Advance (HBA) rules for Central Government Employees

Related posts:

  1. 7th CPC : House Building Advance (HBA) rules for Central Government Employees
  2. Revision of interest rates for Small Savings Scheme
  3. Loans and Advances by the Central Government – Interest rates and other terms and conditions
  4. View the Interest Rate Chart of Savings Scheme for the 3rd quarter from October 2019 – December 2019 
  5. 7.9% General Provident Fund Interest for the last Quarter (October 2019 – December 2019)

Filed Under: 7th Central Pay Commission Tagged With: House Building Advance




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