House Building Advance Interest Rates.

No.5(3)-B(PD)/2012

Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division)

 Room No. 263-B, North Block,

 New Delhi dated the 3rd January, 2013.

Office Memorandum

        The 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 annum

 Advance 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/-     9.50

          Ministry 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)

 Source:http://urbanindia.nic.in/writereaddata/office%20orders/568.pdf