Interest Rate on House Building Advance (HBA) for Railway employees – RBE No. 44/2021

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Interest Rate on House Building Advance (HBA) for Railway employees – RBE No. 44/2021

Interest Rate on House Building Advance (HBA) for Railway employees – RBE No. 44/2021 Government of India (Bharat Sarkar) Ministry of Railways (Rall

7th CPC HBA Orders: Migration of Existing Home Loans from Banks/other Financial Institutions
House Building Advance Interest reduced from 8.5% to 7.9% for a Period of One Year
7th CPC House Building Advance Order for enhancement in loan sanctioned on or after 01.01.2016 but before 09.11.2017

Interest Rate on House Building Advance (HBA) for Railway employees – RBE No. 44/2021

Government of India (Bharat Sarkar)
Ministry of Railways (Rall Mantralaya)
(Railway Board)

PC-VII No.171/ 2021
RBE No. 44/2021

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

New Delhi, Dated: 28/06/2021

The General Managers and PFAs
All Indian Railways & Production Units
(As per Standard fist)

Sub.: Interest Rate on House Building Advance (HBA) far Railway employees

Ref.: This Ministry’s letter dated 04.02.2020 (RBE to 19/2020) on the above cited subject.

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.

Sd/-
(Jitendra Kumar)
Deputy Director Finance (Estt.)
Railway Board

Encl: As above

Interest rate on House Building Advance (HBA) @ 7.9% from 01.10.2020 to 31.03.2022

Source: RBE No. 44/2021 PDF

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