The Ministry of Railways in India has released a notice (RBE No.65 / 2023) regarding the interest rate on House Building Advance (HBA) to railway employees from April 1, 2023, to March 31, 2024. The notice refers to the Ministry of Housing & Urban Affairs (MoH&UA)’s OM No.I-17015/2(2)/2022/H.III/5 dated 27.03.2023 for the same subject, which is enclosed.
The instructions mentioned in the notice will be applicable to all Indian Railways, Production Units, and Public Sector Undertakings. The Deputy Director Finance (Estt.)-IV of the Railway Board has requested acknowledgment of the notice’s receipt.
Interest Rate on House Building Advance(HBA) to Railway employees from 01.04.2023 to 31.03.2024
Government of India (भारत सरकार)
Ministry of Railways (रेल मंत्रालय)
Railway Board (रेलवे बोर्ड)
RBE No.65 / 2023
No. 2021/F(E)Spl./ADV.3/1
New Delhi, Dated: 02.05.2023
The General Managers and PFAs
All Indian Railways, Production Units & Public Sector Undertakings
(As per standard list)
Sub.: Interest Rate on House Building Advance(HBA) to Railway employees from 01.04.2023 to 31.03.2024.
A copy of Ministry of Housing & Urban Affairs (MoH&UA)’s OM No.I-17015/2(2)/2022/H.III/5 dated 27.03.2023 regarding the subject mentioned above is enclosed. These instructions shall be applicable mutatis-mutandis on the Railways.
- Please acknowledge receipt.
(A.S. Bhasin)
Deputy Director Finance (Estt.)-IV
Railway Board