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    Interest Rate On HBA 2023-24

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    palla.satya
    1. The document announces that the interest rate on House Building Advances for railway employees from April 1, 2023 to March 31, 2024 will be 7.5% as per the Ministry of Housing and Urban Affairs' order. 2. The Ministry of Housing and Urban Affairs had revised the interest rate on House Building Advances for central government employees to 7.5% for fiscal year 2023-24 based on the Ministry of Finance's order. 3. These instructions regarding the 7.5% interest rate on House Building Advances for railway employees will apply mutatis-mutandis or with the necessary changes on the railways.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Interest Rate On HBA 2023-24

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    palla.satya
    24 views3 pages
    1. The document announces that the interest rate on House Building Advances for railway employees from April 1, 2023 to March 31, 2024 will be 7.5% as per the Ministry of Housing and Urban Affairs' order. 2. The Ministry of Housing and Urban Affairs had revised the interest rate on House Building Advances for central government employees to 7.5% for fiscal year 2023-24 based on the Ministry of Finance's order. 3. These instructions regarding the 7.5% interest rate on House Building Advances for railway employees will apply mutatis-mutandis or with the necessary changes on the railways.

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    Interest Rate on HBA 2023-24 (1)

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    1. The document announces that the interest rate on House Building Advances for railway employees from April 1, 2023 to March 31, 2024 will be 7.5% as per the Ministry of Housing and Urban Affairs' order. 2. The Ministry of Housing and Urban Affairs had revised the interest rate on House Building Advances for central government employees to 7.5% for fiscal year 2023-24 based on the Ministry of Finance's order. 3. These instructions regarding the 7.5% interest rate on House Building Advances for railway employees will apply mutatis-mutandis or with the necessary changes on the railways.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    24 views3 pages

    Interest Rate On HBA 2023-24

    Uploaded by

    palla.satya
    1. The document announces that the interest rate on House Building Advances for railway employees from April 1, 2023 to March 31, 2024 will be 7.5% as per the Ministry of Housing and Urban Affairs' order. 2. The Ministry of Housing and Urban Affairs had revised the interest rate on House Building Advances for central government employees to 7.5% for fiscal year 2023-24 based on the Ministry of Finance's order. 3. These instructions regarding the 7.5% interest rate on House Building Advances for railway employees will apply mutatis-mutandis or with the necessary changes on the railways.

    Copyright:

    © All Rights Reserved
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    Government of India (HIRG HGR)

    Ministry of Railways (t Halc)


    Railway Board (ted as)
    k***%*
    RBE No. 6S1 2023

    New Delhi, Dated: 09.05.2023


    No. 2021/F(E)Spl./ADV.3/1
    The General Managers and PFAs
    Sector Undertakings
    Allndian Railways, Production Units & Public
    (As per standard list)
    Advance(HBA) to Railway employees from
    Sub.: Interest Rate on House Building
    01.04.2023 to 31.03.2024.

    Urban Affairs (MoH&UA)'s OM No.


    A copy of Ministry of Housing & the subject mentioned above is enclosed.
    I-17015/2(2)/2022/H.II/5 dated 27.03.2023 regarding
    These instructions shall be applicable mutatis-mutandis on the Railways.

    2 Please acknowledge receipt.


    (A.S. Bhasin)
    Deputy Director Finance (Estt.)-IV
    Railway Board
    Encl.: As above

    No. 2021/F(E)Spl./ADV.3/1 New Delhi, Dated:C.05.2023

    Copy (with 10 spares) forwarded to the Dy. Comptroller &Auditor General of India (Railways),
    Room No.224, Rail Bhawan.

    for Member (Finance) / Railway Board

    No. 2021/F(E)Spl./ADV.3/1 New Delhi, Dated:09.05.2023


    Copy to:
    1. The Chairman, RCT/Delhi.
    2. The Chairmen of RRBs.
    The Chairman, RCC, Lok Sabha Secretariat, New Delhi.
    4. The Editor, Indian Railways and Bhartiya Rail.

    (A.S, Bhasin)
    Deputy Director Finance (Estt.)-V
    Railway Board

    Rail Bhawan, Raisina Road, New Delhi-110001


    Copy forwarded to:
    1. The General Secretary, NFIR, Room No. 256-E. Rail Bhawan, New Delhi.
    2. The General Secretary, AIRF, Room No. 253. Rail Bhawan, New Delhi.
    3. The Members of the National Council. Departmental Council and Secretary Staff Side,
    National Council, 13-C, Feroz Shah Road, New Delhi.
    4. The Secretary General, FROA, Room No. 256-A, Rail Bhawan,New Delhi.
    5. The Secretary General, IRPOF, Room No, 268, Rail Bhawan, New Delhi.
    6. The Secretary, RBSS, Group A'Officers Association, Rail Bhawan.
    7. The Secretary, RBSS, Group 'B' Officers Association.
    8. The General Secretary, RBSSSA, Room No, 451-A, Rail Bhawan, New Delhi.
    9. The Secretary, Railway Board MinisterialStaff Association.
    10. The Secretary, Railway Board NonMinisterial Staff Association.
    11. The General Secretary, All India SC/ST Railway Employees Association, Room No. 7
    Ground Floor, Rail Bhawan, New Delhi.
    12. The General Secretary, AIl India O.B.C. Railway Employees Federation, Room No.48, Rail
    Bhawan.

    For PED(R), Railway Board

    No. 2021/F(E)Spl.JADV.3/1 New Delhi, Dated: 0f.05.2023

    Copy to i

    Copy to:- Adv. to MR, EDPG to MR, OSD to MR, OSD (Co-ord) to MR, Addl. PS to MR,
    PS to MoSR(D), EDPG to MoSR(D), PS to MoSR(J), EDPG to MoSR(J), DPG to MoSR(J).
    PSOs/Sr.PPSs/PPSs to CRB, MF, MIO&BD, M/Infra, M/TRS.
    Secretary/FRailway Board, DG(RHS), DG/Safety, DG(RPF), DG/HR.
    All Addl. Members, PEDs, EDs, JSs, Directors, DSs/JDs/USs/DDs.
    Budget, PAO, PC-V, VI&VII, O&M, E(Rep)-l, Il&II, E(GC), E(GP), ERB-4, II, II, IV, V, O&M,
    G(Acc.),Cash-l, Il&I, Accounts-ll, C&IS Branches, Railway Board.
    Section's Guard File.

    k**k*****
    I-17015/2(2)/2022/H.I1I/5
    Government of India
    Ministry of Housing & Urban Affairs
    (Housing lII Section)
    Delhi
    Nirrnan Bhawar, New
    Dated 27.03.2023

    OFFICE MEMORANDUM
    Subject:-Applicable Rate of Interest on House Buildinag Advance (HBA) for Central
    Government Employees during 01.04.2023 till 31.03.2024.
    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 Centra!
    Government Employees during FY 2023-24 (i.e. 1 April, 2023 to 31*
    March, 2024) willbe 7.5% tillfurther orders.
    2. This issues with the approval of Competent Authority.
    (Amita Gupta)
    Under Secretary to the Govt. of india
    Tel: 23061476

    To

    All the Central Government Ministries/ Departments


    Copy for information to:

    1. PS to Hon'ble Minister, Ministry of Finance, North Block, New Delhi.


    2. PS toHon'ble Minister, Housing &Urban Affairs Minister, Nirman Bhawan,
    New Delhi.
    3. Copy to NIC to upload on website of Ministry of Housing &Urtban Affairs.
    4. Copy to IT Cell for uploading in E-Office.

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