RBE No. 19/2020: House Building Advance (HBA) – Interest Rate w.e.f. 01.10.2019

No.F(E)Spl./2008/ADV.3/6 (7th CPC), dated 04.02.2020

Sub: Interest Rate on House Building Advance (HBA) for Railway employees.
Ref: This Ministry’s letter of even number dated 05.12.2017 (RBE No. 183/2017) on the above cited subject.

1. A copy of Ministry of Housing & Urban Affairs (MoH&UA)’s OM No.I-17011/2(2)/2019-H.III, dated 01.10.2019 regarding modification to Para-7(i) of their OM No.I-17011/11(4)/2016-H.III, dated 09.11.2017 on House Building Advance Rules-2017 circulated to Railways/ PUs vide Board’s letter of even number dated 05.12.2017 (RBE No. 183/2017), is enclosed. The modification shall be applicable mutatis-mutandis on the Railways.
2. Please acknowledge receipt.

Ministry of Housing & Urban Affairs
(Housing Section)
OM No.I-17011/2(2)/2019-H.III, dated 01.10.2019
Office Memorandum

Sub: Interest Rate on House Building Advance (HBA) for Central Government Employees.

1. The undersigned is directed to say that in partial modification to the Ministry of Housing and Urban Affairs OM bearing No.I-17011/11(4)/2016-H.III, dated 09.11.2017 regarding House Building Advance Rules-2017, the competent authority has approved to modify the provision of Para 7(i) in place of the existing provision.
2. Para 7(i) may be read as under:-

“The interest rate on House Building Advance (HBA) for Central Government Employees will be 7.9% from October 1, 2019 for a period of one year”.

3. All the other existing provisions in the said OM of even No. dated 09.11.2017 shall remain same.

Download Railway Board Circular RBE No. 19/2020

Forward reference ⇒ RBE No. 44/2021