7th CPC HBA - Amendment to Rules on House Building Advance

7th CPC HBA - Amendment to Rules on House Building Advance

"Grant of Advances- Seventh Central Pay Commission recommendations- Amendment to rules on House Building Advance (HBA) to Railway servants"

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

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

New Delhi, Dated: 28.03.2018

The General Managers and PFAs
All Indian Railways & Production Units
(As per standard list)

Subject: Grant of Advances- Seventh Central Pay Commission recommendations- Amendment to rules on House Building Advance (HBA) to Railway servants.

Please refer to this Ministry’s letter of even number dated 05.12.2017 on the above cited subject, vide which, the revised provisions relating to the grant of House Building Advance (HBA) as issued by Ministry of Housing & Urban Affairs (Housing-Ill Section) vide their OM No.l.17011/11 (4)/2016-H-111 dated 09.11.2017 pursuant to acceptance of 7th CPC recommendations, were mutatis-mutandis made applicable to Railway employees.

2. Ministry of Housing & Urban Affairs vide their OM dated 31.01.2018 (copy enclosed) have now issued clarifications to the fulfilment of extant conditions mentioned in para- 2(viii) of their aforesaid OM dated 09.11.2017, which shall be applicable mutatis-mutandis on the Railways.

3. Please acknowledge receipt.

4. Hindi version will follow.

sd/-
(G. Priyt Sudarsani)
Joint Director Finance (Estt.)

Railway Board

Source: AIRF

Read More

Migration of Home Loan to Revised HBA - Ministry of Housing & Urban Affairs

Migration of Home Loan to Revised HBA - Ministry of Housing & Urban Affairs

Interest bearing advances/ Seventh Central Pay commission on migration Of existing government employees who have already taken Home Loans from Banks' other Financial Institutions

1-17011/11(4)/2016-H.III
Government of India
Ministry of Housing & Urban Affairs
Housing-III Section

Nirman Bhawan, New Delhi,
Dated:31.01.2018

Office Memorandum

Subject: Interest bearing advances/ Seventh Central Pay commission on migration Of existing government employees who have already taken Home Loans from Banks' other Financial Institutions - reg.

Kind attention is invited to para 2(viii) of this Ministry's OM. No. l- 17011/11 (4)/2016-H.III dated 09.11-2017 on the above-mentioned subject regarding fulfilment of extant conditions, extant conditions are clarified as follows.

a) Before granting such House Building Advance. the Head of the Department

i) Should satisfy himself that the home loans were taken by the government employee entirely for purpose of construction / purchase of new house/ flat.

ii) Should ensure that the House Building Advance sanctioned is to tie amount of loan still due to be repaid by the government employee

b) House Building Advance can be availed towards repayment of bank loan taken for the purpose of construction/ purchase of new house/ flat.

C) Employee shall be eligible for grant Of House Building Advance on the date she obtained loans from banks and other financial institutions, irrespective of whether they applied for House Building Advance before raising he loan.

d) House Building Advance fry repayment of loans Shall be granted to the Eligible employees in one lump sum. However, the Government employee shall produce the HBA Utilisation Certificate within one month the date of release of HBA

e) Employee has to satisfy tie other provisions of the House Building Advance Rules -2017.

(Shailendra Vikram Singh)
Director(FD)

Authority: www.mohua.gov.in

Read More

Small Family Norms in House Building Advance Rules-2017 as per the recommendations of 7th CPC

Small Family Norms in House Building Advance Rules-2017 as per the recommendations of 7th CPC

 

Government of India
Ministry of Housing & Urban
Housing - III Section

Nirman Bhawan, New Delhi,
Dated 31.01.2018

Office Memorandum

Subject: Small Family Norms in House Building Advance Rules- 2017 as per the recommendations of 7th CPC- reg.

The undersigned is directed to invite attention to Ministry of Finance's 0M NO. 12(4)/2016-EIII.A dated 7th July 2017 on above mentioned subject and to say that interest rebate available to HBA beneficiaries for promoting small family norms shall cease to exist with effect from 01.07.2017.

(Shailendra Vikram Singh)
Director(IFD)

Authority: www.pcdapension.nic.in

Read More