RBE No. 07/2009: House Building Advance (HBA)

No.F(E)Spl/2008/ADV-3/36, dated 12.01.2009

Sub: House Building Advance for Central Government/ Railway employees – Implementation of the recommendations of the VIth CPC.

1.     Ministry of Urban Development’s OM No.1-17011/11(4)2006-H.III, dt. 27.11.2008 on the above mentioned subject is hereby circulated for information and guidance. The same will be applicable to Railway servants mutatis mutandis.

2.     All other provisions like eligibility, repaying capacity, recovery etc. will remain unchanged.

3.     These orders shall be effective from 27.11.2008, i.e. the date of issue of Ministry of Urban Development’s O.M.

Ministry of Urban Development

(Housing Section-III)

OM No.1-17011/11(4)2006-H.III, dated 27^th November, 2008

OFFICE MEMORANDUM

Sub:     Interest bearing advances/ Sixth Central Pay Commission recommendations on House Building Advance – regarding.

1.     The undersigned is directed to say that the implementation of the recommendations of the Sixth Central Pay Commission relating to interest bearing advances, including House Building Advance, granted to Central Government employees is under consideration of the Government.

2.     Pending finalization of the new arrangements, the matter has been examined in consultation with the Department of Expenditure and the following provisions for House Building Advance shall be in operation:-

(i)  The maximum limit for grant of HBA shall be 34 months of pay in the pay band subject to a maximum of Rs.7.50 lakhs or cost of the house or the repaying capacity whichever is the least, for new construction/ purchase of new house/ flat.

(ii) The maximum limit for grant of HBA for enlargement of existing house shall be 34 month’s of pay in the pay band subject to a maximum of Rs.1.80 lakh or cost of the enlargement or repaying capacity, whichever, is the least.

(iii) The cost ceiling limit shall be 134 times the pay in the pay band subject to a minimum of Rs.7.50 lakh and a maximum of Rs.30.00 lakh relaxable upto a maximum of 25% of the revised maximum cost ceiling of Rs.30.00 lakh.

3.     All Ministries/ Departments of Government of India are requested to bring the contents of this OM to the notice of all concerned.

4.     These orders shall be effective from the date of their issue.

Download Railway Board Circular RBE No.07/2009

Forward reference ⇒ RBE No.