Deduction of HBA & Interest Thereon from the Staff

URMU has come to notice that since the posting of new ADFM / UMB from the Railway Board, the earlier practice of deducting HBA principal amount and then interest has been replaced. Earlier, if an employee insured his/her home for less than the stipulated period, there was a provision for 2.5% penalty for the uninsured period only. However, under the new rules the 2.5% penalty is being levied on the whole period irrespective of the non-insured period.

We request the board to review this provision.

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