HBA – Interest Rate for the year 2012-13
Central Government Employees House Building Advance (HBA) – Ministry of Finance releases interest Rate for HBA for the year 2012-2013
No.5(3)-B(PD)/2012Government of IndiaMinistry of FinanceDepartment of Economic Affairs(Budget Division)Room No. 263-B, North Block,New Delhi dated the 3rd January, 2013.Office MemorandumThe undersigned is directed to state that the rates of interest on advances and loans given to Government employees for construction/purchase of houses/flats during 2012-13 i.e. 1st April, 2012 to 31st March, 2013 and until further orders will be as under:-
Slab Interest Rate percent per annumAdvance upto Rs. 50,000/-
6.00 Advance uto Rs. 1,50,000/- 7.50 Advance upto Rs. 500,000/- 9.00 Advance upto Rs. 7,50,000/- 9.50Ministry of Urban Development is requested to issue separate O.M. at their level on the above issue.This issues with the approval of Flon’bie Finance Minister.Sd/-(A.K. Bhatnagar)Under Secretary (Budget)
Ministry of Urban Development Order dated 17.01.2013 based on Ministry of Finance Office Memorandum for fixing Interest Rate for HBA for the year 2012-13
No.1-17011/2(6)/2013-H.III
Ministry of Urban Development(Housing-III Section)*******Nirman Bhawan, New Delhi.Dated:- the 17th January, 2013OFFICE MEMORANDUMSubject:- Rates of interest on advances and loans to Govt. employees, for construction/purchase of houses/flats.The undersigned is directed to enclose herewith a copy of Ministry of Finance, Deptt. of Expenditure’s O.M. No. 5(3)-B(PD)/2012 dated the 3rd January 2013 intimating the rates of interest on advances and loans given to Government employees for construction/purchase of houses/flats during 2012-13 i.e. 1st April, 2012 to 31St March, 2013 and until further orders, for information and compliance.Sd/-(S.K.Ram)Dy. Financial Adviser