7th Pay Commission: Big decision of central government, from now on workers will have to pay lower interest if they take advance money for house construction.
News of great relief for the central government employees Because the Modi government has brought a lot of good news for the workers
Employees who have taken or are taking home loans for home construction or building construction (HBA) have reduced interest rates.
The central government (HBA) has slashed interest rates on loans from 7.9 per cent to 8.1 per cent. A statement said the matter is 7 Symbolic image 6
In fact, the Modi government has given 60 basis points, or 0.6 per cent, less for the home loans or house building advances given to its employees. Symbolic image 6
All these have been fixed from 1st April 2022 to 31st March 2023. The interest rate is 7 As a result, the dream of central government workers to build houses will be fulfilled from now on
After the announcement of the central government, the workers will get interest at the rate of 7.1 percent per annum Earlier, the annual interest rate was 7.9 percent Symbolic image 6
You can take advance in 34 months installment as basic salary of central government employees Employees can take this money to pay the house money or house money Symbolic image 6
According to the 7th Pay Commission and HBA (House Building Advance) rules, new interest rates have been fixed for the construction of new houses for Central Government employees. Symbolic image 6
Central government employees who have been working temporarily for 5 consecutive years can also get this benefit Symbolic image 6
House Building Advance is given to Central Government employees In this way the employees can take advance money to prepare the house at the plant Symbolic image 6
This scheme started from 1st October 2021 Until March 31, 2023, employees will be able to pay interest at the rate of 7.1 percent
If this advance payment is approved, the employees have to submit HBA Utilization Certificate within one month