RBE No. 44/2021: HBA – Rate of Interest

HBA : House Building Advance

No.2021/F(E)Spl./Adv.3/1, dated 28.06.2021

PC-VII No. 17/2021

Sub:     Interest rate on house building advance (HBA) for railway employees.

Ref:  This Ministry’s letter dated 04.02.2020 (RBE No. 19/2020) on the above cited subject.

1. A copy of Ministry of Housing & Urban Affairs (MoH&UA)’s OM No.17015/1/2021/H.III, dated 19.04.2021 regarding the subject mentioned above, is enclosed. These instructions shall be applicable mutatis-mutandis on the Railways. 

2. Please acknowledge receipt

Government of India

Ministry of Housing & Urban Affairs

Housing-III

OM No.I-17015/1/2021/H.III, dated 19.04.2021

OFFICE MEMORANDUM

Sub:     Interest rate on House Building Advance (HBA) to Central Government Employees – reg. 

1. The undersigned is directed to state that on partial modification of this Ministry’s OM No.I-17011/11(4)/2016-H.III, dated 09.11.2017 regarding House Building Advance Rules (HBA) – 2017, the rate of interest on House Building Advance to Central Government Employees will be @7.9% from 1^st October, 2020 to 31^st March, 2022 i.e. for 18 months. 

2. This issues with the approval of Competent Authority.

Download Railway Board Circular RBE No. 44/2021

Forward reference ⇒ RBE No.