Page 1 of 32

Calculation of HBA Interest

Amount of Advance and date of encashment - HBA - 1

1 130000
Instalment
Amount of Advance and date of encashment - HBA -2
2
Instalment 130000
3 Date of completion of the house :

4 18 month from the month of payment of

th

1 instalment of Advance:
st
12/2000

Month from which recovery should have been

5 12/2000
commenced ( 3 or 4 whichever is earlier)

6 Actual Commencement of recovery from : 12/2000

7 Amount of monthly recovery and no. of instts: Rs.2600/-
8 Date of Retirement
No. of Amount Interest rate
Month Instt. recovered 7.50% 9.00%

07/99 50000 80000

08/99 50000 80000
09/99 50000 80000
10/99 50000 80000
11/99 50000 100000
12/99 50000 100000
01/00 50000 100000
02/00 50000 100000
03/00 50000 100000
04/00 50000 100000
05/00 50000 100000
06/00 50000 100000
07/00 50000 100000
08/00 50000 100000
09/00 50000 100000
10/00 50000 100000
11/00 50000 100000
12/00 1/100 2600 50000 100000
01/01 2/100 2600 50000 100000
02/01 3/100 2600 50000 100000
03/01 4/100 2600 50000 100000
04/01 5/100 2600 50000 100000
05/01 6/100 2600 50000 100000
06/01 7/100 2600 50000 100000

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No. of Amount Interest rate

Month Instt. recovered 7.50% 9.00%
07/01 8/100 2600 50000 100000
08/01 9/100 2600 50000 100000
09/01 10/100 2600 50000 100000
10/01 11/100 2600 50000 100000
11/01 12/100 2600 50000 100000
12/01 13/100 2600 50000 100000
01/02 14/100 2600 50000 100000
02/02 15/100 2600 50000 100000
03/02 16/100 2600 50000 100000
04/02 17/100 2600 50000 100000
05/02 18/100 2600 50000 100000
06/02 19/100 2600 50000 100000
07/02 20/100 2600 50000 100000
08/02 21/100 2600 50000 100000
09/02 22/100 2600 50000 100000
10/02 23/100 2600 50000 100000
11/02 24/100 2600 50000 100000
12/02 25/100 2600 50000 100000
01/03 26/100 2600 50000 100000
02/03 27/100 2600 50000 100000
03/03 28/100 2600 50000 100000
04/03 29/100 2600 50000 100000
05/03 30/100 2600 50000 100000
06/03 31/100 2600 50000 100000
07/03 0 50000 100000
08/03 32/100 2600 50000 100000
09/03 33/100 2600 50000 100000
10/03 34/100 2600 50000 100000
11/03 35/100 2600 50000 100000
12/03 36/100 2600 50000 100000
01/04 37/100 2600 50000 100000
02/04 38/100 2600 50000 100000
03/04 39/100 2600 50000 100000
04/04 40/100 2600 50000 100000
05/04 41/100 2600 50000 100000
06/04 42/100 2600 50000 100000
07/04 43/100 2600 50000 100000
08/04 44/100 2600 50000 98200
09/04 45/100 2600 50000 95600
10/04 46/100 2600 50000 93000
11/04 47/100 2600 50000 90400

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No. of Amount Interest rate

Month Instt. recovered 7.50% 9.00%
12/04 48/100 2600 50000 87800
01/05 49/100 2600 50000 85200
02/05 50/100 2600 50000 82600
03/05 51/100 2600 50000 80000
04/05 52/100 2600 50000 77400
05/05 53/100 2600 50000 74800
06/05 54/100 2600 50000 72200
07/05 55/100 2600 50000 69600
08/05 56/100 2600 50000 67000
09/05 57/100 2600 50000 64400
10/05 58/100 2600 50000 61800
11/05 59/100 2600 50000 59200
12/05 60/100 2600 50000 56600
01/06 61/100 2600 50000 54000
02/06 62/100 2600 50000 51400
03/06 63/100 2600 50000 48800
04/06 64/100 2600 50000 46200
05/06 65/100 2600 50000 43600
06/06 66/100 2600 50000 41000
07/06 67/100 2600 50000 38400
08/06 68/100 2600 50000 35800
09/06 69/100 2600 50000 33200
10/06 70/100 2600 50000 30600
11/06 71/100 2600 50000 28000
12/06 72/100 2600 50000 25400
01/07 73/100 2600 50000 22800
02/07 74/100 2600 50000 20200
03/07 75/100 2600 50000 17600
04/07 76/100 2600 50000 15000
05/07 77/100 2600 50000 12400
06/07 78/100 2600 50000 9800
07/07 79/100 2600 50000 7200
08/07 80/100 2600 50000 4600
09/07 81/100 2600 50000 2000
10/07 82/100 2600 49400
11/07 83/100 2600 46800
12/07 84/100 2600 44200
01/08 85/100 2600 41600
02/08 86/100 2600 39000
03/08 87/100 2600 36400
04/08 88/100 2600 33800

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No. of Amount Interest rate

Month Instt. recovered 7.50% 9.00%
05/08 89/100 2600 31200
06/08 90/100 2600 28600
07/08 91/100 2600 26000
08/08 92/100 2600 23400
09/08 93/100 2600 20800
10/08 94/100 2600 18200
11/08 95/100 2600 15600
12/08 96/100 2600 13000
01/09 97/100 2600 10400
02/09 98/100 2600 7800
03/09 99/100 2600 5200
04/09 100/100 2600 2600
05/09 0
TOTAL 260000 5444000 7923800
INTEREST = Total x rate of interest
12 x100
5444000 *7.5 7923800 *9
12 x100 12 x100
34025 = 59428.5 =
128668.167
Recoverable in 40 instalments as follows:
3868 1 = 3868
3200 39 = 124800
Total 128668
128668

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06/07/99

29/11/1999
15.01.2001

100 Instts
30-4-2013
e
11.00%

110000
110000
110000
110000
110000
110000
110000
110000
110000
110000
110000
110000
110000
110000
107400
104800
102200
99600
97000
94400

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e
11.00%
91800
89200
86600
84000
81400
78800
76200
73600
71000
68400
65800
63200
60600
58000
55400
52800
50200
47600
45000
42400
39800
37200
34600
32000
29400
29400
26800
24200
21600
19000
16400
13800
11200
8600
6000
3400
800
0

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e
11.00%

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e
11.00%

3841600

3841600 *11
12 x100
35214.6666666667

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 Page 9

Calculation of HBA Interest

1.Amount of Advance and date of encashment - HBA - 1

Instalment 107500
2.Amount of Advance and date of encashment - HBA - 2
Instalment 107500
3.Date of completion of the house :

4.18th month from the month of payment of Aug-96

1st instalment of Advance:

5.Month from which recovery should have been commenced

May-96
( 3 or 4 whichever is earlier)

6.Actual Commencement of recovery from : May-96

7.Amount of monthly recovery and no. of instts: RS.1400/-
8.Date of Retirement
No. of Amount Interest rate
Month Instt.
recovered 10.00% 12.00%

03/95 0 50000 57500

04/95 0 50000 57500
05/95 0 50000 57500
06/95 0 50000 57500
07/95 0 50000 57500
08/95 0 50000 57500
09/95 0 50000 57500
10/95 0 50000 57500
11/95 0 50000 100000
12/95 0 50000 100000
01/96 0 50000 100000
02/96 0 50000 100000
03/96 0 50000 100000
04/96 0 50000 100000
05/96 1/154 800 50000 100000
06/96 2/154 1400 50000 100000
07/96 3/154 1400 50000 100000
08/96 4/154 1400 50000 100000
09/96 5/154 1400 50000 100000
10/96 6/154 1400 50000 100000

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 Page 10

No. of Amount Interest rate

Month Instt. recovered 10.00% 12.00%
11/96 7/154 1400 50000 100000
12/96 8/154 1400 50000 100000
01/97 9/154 1400 50000 100000
02/97 10/154 1400 50000 100000
03/97 11/154 1400 50000 100000
04/97 12/154 1400 50000 100000
05/97 13/154 1400 50000 100000
06/97 14/154 1400 50000 100000
07/97 0 50000 100000
08/9715,16/154 2800 50000 100000
09/97 17/154 1400 50000 100000
10/97 18/154 1400 50000 100000
11/97 19/154 1400 50000 100000
12/97 20/154 1400 50000 100000
01/98 21/154 1400 50000 100000
02/98 22/154 1400 50000 100000
03/98 23/154 1400 50000 100000
04/98 24/154 1400 50000 100000
05/98 25/154 1400 50000 100000
06/98 26/154 1400 50000 100000
07/98 27/154 1400 50000 100000
08/98 28/154 1400 50000 100000
09/98 29/154 1400 50000 100000
10/98 30/154 1400 50000 100000
11/98 31/154 1400 50000 100000
12/98 32/154 1400 50000 100000
01/99 33/154 1400 50000 100000
02/99 34/154 1400 50000 100000
03/99 35/154 1400 50000 100000
04/99 36/154 1400 50000 100000
05/99 37/154 1400 50000 100000
06/99 38/154 1400 50000 100000
07/99 39/154 1400 50000 100000
08/99 40/154 1400 50000 100000
09/99 41/154 1400 50000 100000
10/99 42/154 1400 50000 100000
11/99 43/154 1400 50000 100000
12/99 44/154 1400 50000 100000

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No. of Amount Interest rate

Month Instt. recovered 10.00% 12.00%
01/00 45/154 1400 50000 100000
02/00 46/154 1400 50000 100000
03/00 47/154 1400 50000 100000
04/00 48/154 1400 50000 99800
05/00 49/154 1400 50000 98400
06/00 50/154 1400 50000 97000
07/00 51/154 1400 50000 95600
08/00 52/154 1400 50000 94200
09/00 53/154 1400 50000 92800
10/00 54/154 1400 50000 91400
11/00 55/154 1400 50000 90000
12/00 56/154 1400 50000 88600
01/01 57/154 1400 50000 87200
02/01 58/154 1400 50000 85800
03/01 59/154 1400 50000 84400
04/01 60/154 1400 50000 83000
05/01 61/154 1400 50000 81600
06/01 62/154 1400 50000 80200
07/01 63/154 1400 50000 78800
08/01 64/154 1400 50000 77400
09/01 65/154 1400 50000 76000
10/01 66/154 1400 50000 74600
11/01 67/154 1400 50000 73200
12/01 68/154 1400 50000 71800
01/02 69/154 1400 50000 70400
02/02 70/154 1400 50000 69000
03/02 71/154 1400 50000 67600
04/02 72/154 1400 50000 66200
05/02 73/154 1400 50000 64800
06/02 74/154 1400 50000 63400
07/02 75/154 1400 50000 62000
08/02 76/154 1400 50000 60600
09/02 77/154 1400 50000 59200
10/02 78/154 1400 50000 57800
11/02 79/154 1400 50000 56400
12/02 80/154 1400 50000 55000
01/03 81/154 1400 50000 53600
02/03 82/154 1400 50000 52200

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No. of Amount Interest rate

Month Instt. recovered 10.00% 12.00%
03/03 83/154 1400 50000 50800
04/03 84/154 1400 50000 49400
05/03 85/154 1400 50000 48000
06/03 86/154 1400 50000 46600
07/03 87/154 1400 50000 45200
08/03 88/154 1400 50000 43800
09/03 89/154 1400 50000 42400
10/03 90/154 1400 50000 41000
11/03 91/154 1400 50000 39600
12/03 92/154 1400 50000 38200
01/04 93/154 1400 50000 36800
02/04 0 50000 35400
03/04 94/154 1400 50000 35400
04/0495,96/154 2800 50000 34000
05/04 97/154 1400 50000 31200
06/04 98/154 1400 50000 29800
07/04 99/154 1400 50000 28400
08/04 100/154 1400 50000 27000
09/04 101/154 1400 50000 25600
10/04 102/154 1400 50000 24200
11/04 103/154 1400 50000 22800
12/04 104/154 1400 50000 21400
01/05 105/154 1400 50000 20000
02/05 106/154 1400 50000 18600
03/05 107/154 1400 50000 17200
04/05 108/154 1400 50000 15800
05/05 109/154 1400 50000 14400
06/05 110/154 1400 50000 13000
07/05 111/154 1400 50000 11600
08/05 112/154 1400 50000 10200
09/05 113/154 1400 50000 8800
10/05 114/154 1400 50000 7400
11/05 115/154 1400 50000 6000
12/05 116/154 1400 50000 4600
01/06 117/154 1400 50000 3200
02/06 118/154 1400 50000 1800
03/06 119/154 1400 50000 400
04/06 120/154 1400 49000

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No. of Amount Interest rate

Month Instt. recovered 10.00% 12.00%
05/06 121/154 1400 47600
06/06 122/154 1400 46200
07/06 123/154 1400 44800
08/06 124/154 1400 43400
09/06 125/154 1400 42000
10/06 0 40600
11/06 126/154 1400 40600
12/06 127-128 2800 39200
01/07 129/154 1400 36400
02/07 130/154 1400 35000
03/07 131/154 1400 33600
04/07 132/154 1400 32200
05/07 133/154 1400 30800
06/07 134/154 1400 29400
07/07 135/154 1400 28000
08/07 136/154 1400 26600
09/07 137/154 1400 25200
10/07 138/154 1400 23800
11/07 139/154 1400 22400
12/07 140/154 1400 21000
01/08 141/154 1400 19600
02/08 142/154 1400 18200
03/08 143/154 1400 16800
04/08 144/154 1400 15400
05/08 145/154 1400 14000
06/08 146/154 1400 12600
07/08 147/154 1400 11200
08/08 148/154 1400 9800
09/08 149/154 1400 8400
10/08 150/154 1400 7000
11/08 151/154 1400 5600
12/08 152/154 1400 4200
01/09 153/154 1400 2800
02/09 154/154 1400 1400
0

TOTAL 215000 7534800 9370000

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No. of Amount Interest rate

Month Instt. recovered 10.00% 12.00%
INTEREST Total x rate of interest
12 x100
7534800 *10 9370000 *12
12 x100 12 x100
= 62790 = 93700 =
= 178546.75
= 178547
Recoverable in 50 instalments as follows:
3617 1 = 3617
3570 49 = 174930
Total 178547
178547

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30/03/95

10/11/95
15/05/96

154instts.
30.09.13

13.50%

65000
65000
65000
65000
65000
65000
65000
64200
62800
61400
60000
58600

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13.50%
57200
55800
54400
53000
51600
50200
48800
47400
46000
46000
43200
41800
40400
39000
37600
36200
34800
33400
32000
30600
29200
27800
26400
25000
23600
22200
20800
19400
18000
16600
15200
13800
12400
11000
9600
8200
6800
5400

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13.50%
4000
2600
1200

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13.50%

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13.50%

1960600

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13.50%

1960600 *13.50
12 x100
22056.75

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Calculation of HBA Interest

[ Annexure III to Govt. letter no.21243/C1/84-10 H&UD Dept. dated:24.06.1985]
1.Amount of Advance and date of encashment -
HBA - 1st Instalment Rs. 21000 07/03/81
2.Amount of Advance and date of encashment -
HBA - 2nd Instalment 28000 21/04/81
3.Amount of Advance and date of encashment -
HBA - 3rd Instalment 21000 [ 70000 ] 10/07/81
[4.Date of completion of the house :
5.18th month from the month of payment of 1st instalment of
Advance: Aug-82
6.Month from which recovery should have been commenced ( 3
Aug-82
or 4 whichever is earlier)
7.Actual Commencement of recovery from : Sep-82
8.Amount of monthly recovery and no. of instts: RS.1000/- 70 instts.]

No. of Amount Interest rate

Month Instt. recovered 7.00% 8.00% 9.00%
03/81 21000
04/81 25000 24000
05/81 25000 24000
06/81 25000 24000
07/81 25000 25000 20000
08/81 25000 25000 20000
09/81 25000 25000 20000
10/81 25000 25000 20000
11/81 25000 25000 20000
12/81 25000 25000 20000
01/82 25000 25000 20000
02/82 25000 25000 20000
03/82 25000 25000 20000
04/82 25000 25000 20000
05/82 25000 25000 20000
06/82 25000 25000 20000
07/82 25000 25000 20000
08/82 25000 25000 20000
09/82 1 1000 25000 25000 19000
10/82 2 1000 25000 25000 18000
11/82 3 1000 25000 25000 17000
12/82 4 1000 25000 25000 16000
01/83 5 1000 25000 25000 15000
02/83 6 1000 25000 25000 14000
03/83 7 1000 25000 25000 13000
04/83 8 1000 25000 25000 12000
05/83 9 1000 25000 25000 11000

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No. of Amount Interest rate

Month Instt. recovered 7.00% 8.00% 9.00%
06/83 10 1000 25000 25000 10000
07/83 11 1000 25000 25000 9000
08/83 12 1000 25000 25000 8000
09/83 13 1000 25000 25000 7000
10/83 14 1000 25000 25000 6000
11/83 15 1000 25000 25000 5000
12/83 16 1000 25000 25000 4000
01/84 17 1000 25000 25000 3000
02/84 18 1000 25000 25000 2000
03/84 19 1000 25000 25000 1000
04/84 20 1000 25000 25000 0
05/84 21 1000 25000 24000
06/84 22 1000 25000 23000
07/84 23 1000 25000 22000
08/84 24 1000 25000 21000
09/84 25 1000 25000 20000
10/84 26 1000 25000 19000
11/84 27 1000 25000 18000
12/84 28 1000 25000 17000
01/85 29 1000 25000 16000
02/85 30 1000 25000 15000
03/85 31 1000 25000 14000
04/85 32 1000 25000 13000
05/85 33 1000 25000 12000
06/85 34 1000 25000 11000
07/85 35 1000 25000 10000
08/85 36 1000 25000 9000
09/85 37 1000 25000 8000
10/85 38 1000 25000 7000
11/85 39 1000 25000 6000
12/85 40 1000 25000 5000
01/86 41 1000 25000 4000
02/86 42 1000 25000 3000
03/86 43 1000 25000 2000
04/86 44 1000 25000 1000
05/86 45 1000 25000 0
06/86 46 1000 24000
07/86 47 1000 23000
08/86 48 1000 22000
09/86 49 1000 21000
10/86 50 1000 20000

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No. of Amount Interest rate

Month Instt. recovered 7.00% 8.00% 9.00%
11/86 51 1000 19000
12/86 52 1000 18000
01/87 53 1000 17000
02/87 54 1000 16000
03/87 55 1000 15000
04/87 56 1000 14000
05/87 57 1000 13000
06/87 58 1000 12000
07/87 59 1000 11000
08/87 60 1000 10000
09/87 61 1000 9000
10/87 62 1000 8000
11/87 63 1000 7000
12/87 64 1000 6000
01/88 65 1000 5000
02/88 66 1000 4000
03/88 67 1000 3000
04/88 68 1000 2000
05/88 69 1000 1000
06/88 70 1000 0
70000 1871000 1222000 470000

INTEREST = Total x rate of interest

12 x100
1871000 *7 1222000 *8 470000
12 x100 12 x100 12 x100
10914.1667 = 8146.66667 = 3525
22585.8333 [10914.20 + 8146.67 + 3525 ]
INTEREST = Rs.22586-

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4.06.1985]

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*9

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 Annexure I to Government letter Ms.No.260 H&UD Dept. dated: 27.03.1984
ANNEURE I

Statement showing particulars of calculation of interest on House Building Advance sanctioned to a

Government Servant and repaid in full before the commencement of recovery
Total advance drawn: Rs. 70,000-
Date of drawal :
I st Instalment : Rs. 21000/- on 07.03.81
II nd Instalment Rs. 28000/- on 21.04.81
III rd Instalment : Rs. 21000/- on 10.07.81
Entire amount was remitted on 29.04.1982.
INTEREST CHARGEABLE :
Interest rate
Month 7% 8% 9%
Mar-81 21000 - -
Apr-81 25000 24000 -
May-81 25000 24000 -
Jun-81 25000 24000 -
Jul-81 25000 25000 20000
Aug-81 25000 25000 20000
Sep-81 25000 25000 20000
Oct-81 25000 25000 20000
Nov-81 25000 25000 20000
Dec-81 25000 25000 20000
Jan-82 25000 25000 20000
Feb-82 25000 25000 20000
Mar-82 25000 25000 20000

TOTAL 321000 297000 180000

1872.5 1980 1050

Total amount of interest : Rs. 4902.50

(Rupees Four thousand nine hundred and two and paise fifty only)
Note : Annexure I corrected as per clarification issued in
Govt. letter No. 21243 / C1/84-10
Housing and Urban Development Dept. dated: 24.06.1985.
ed: 27.03.1984

ng Advance sanctioned to a
ent of recovery

4.06.1985.
 Annexure II to Government letter Ms.No.260 H&UD Dept. dated: 27.03.1984
ANNEURE II

Statement showing particulars of calculation of interest on House Building Advance sanctioned to a Govern
servant and paid in the middle of payment period i.e. after 10 months from the completion of the moratorium* p

[ * period of postponement of recovery, viz., 18 months]

Total advance drawn: Rs. 70,000-

Date of drawal :
st
I Instalment : Rs. 21000/- on 07.03.81
nd
II Instalment Rs. 28000/- on 21.04.81
rd
III Instalment : Rs. 21000/- on 10.07.81
Balance amount remitted in July 1983.

INTEREST CHARGEABLE :
Interest rate
Month
7% 8% 9%
Mar-81 21000 - -
Apr-81 25000 24000 -
May-81 25000 24000 -
Jun-81 25000 24000 -
Jul-81 25000 25000 20000
Aug-81 25000 25000 20000
Sep-81 25000 25000 20000
Oct-81 25000 25000 20000
Nov-81 25000 25000 20000
Dec-81 25000 25000 20000
Jan-82 25000 25000 20000
Feb-82 25000 25000 20000
Mar-82 25000 25000 20000
Apr-82 25000 25000 20000
May-82 25000 25000 20000
Jun-82 25000 25000 20000
Jul-82 25000 25000 20000
Aug-82 25000 25000 20000
Sep-82 25000 25000 19000
Oct-82 25000 25000 18000
Nov-82 25000 25000 17000
Dec-82 25000 25000 16000
Jan-83 25000 25000 15000
Feb-83 25000 25000 14000
Mar-83 25000 25000 13000
Apr-83 25000 25000 12000
May-83 25000 25000 11000
Jun-83 25000 25000 10000
 TOTAL 696000 672000 425000

Interest =

= 4060 4480 3187.5

7% Interest works out to = Rs.4060.00

8% Interest works out to = Rs.4,480.00
9% Interest works out to = Rs.3,187.50

Total = Rs.11,727.50

Note : Annexure II corrected as per clarification issued in Govt. letter

No. 21243 / C1/84-10
Housing and Urban Development Dept. dated: 24.06.1985.
3.1984

nctioned to a Government
of the moratorium* period.