INDIAN INSTITUTE OF TECHNOLOGY INDORE


FACULTY AFFAIRS










House Building Allowance

House Building Advance (HBA) is available to employees of the Institute with atleast 5 years of continuous service vide OM No. I-17011/11(4)/2016-H-III dated November 9, 2017. The applicable interest rate on HBA from October 1, 2019 onwards for a period of one year is 7.9%. The cost of the house to be built/ purchased (excluding the cost of the plot) should not exceed 139 times of Basic Pay subject to a maximum of INR 1 crore.

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