HBA: RBE No.65/2023 – Interest Rate on House Building Advance

No.2021/F(E)Spl./ADV.3/1, dated 02.05.2023

Sub.: Interest Rate on House Building Advance (HBA) to Railway employees from 01.04.2023 to 31.03.2024.

1. A copy of Ministry of Housing & Urban Affairs (MoH&UA)’s OM No.I-17015/2(2)/2022/H.III/5, dated 27.03.2023 regarding the subject mentioned above is enclosed. These instructions shall be applicable mutatis-mutandis on the Railways.

2. Please acknowledge receipt.

Ministry of Housing & Urban Affairs

(Housing-III Section)

OM No.I-17015/2(2)/2022/H.III/5, dated 27.03.2023

OFFICE MEMORANDUM

Sub: Applicable Rate of Interest on House Building Advance (HBA) for Central Government Employees during 01.04.2023 till 31.03.2024.

1. In pursuance to revision of interest rate by Ministry of Finance, Dept. of Economic Affairs vide OM 5(2)-B(PD)2023, dated 20.03.2023, the rate of interest applicable on House Building Advance sanctioned to Central Government Employees during FY 2023-24 (i.e. 1^st April, 2023 to 31^st March, 2024) will be 7.5% till further orders.

2. This issues with the approval of Competent Authority.

Download Railway Board Circular RBE No.65/2023                                             

Forward reference ⇒ RBE No.