Pond ash is a suitable embankment material for the construction of road. However, this material is not in practice for the construction of railway embankment in India. Very limited basic study is available in the literature. Due to this, study the behavior of pond ash railway embankment under dynamic condition, a pilot project on 'Design of pond ash railway embankment' is carried out by Central Road Research Institute, New Delhi, India. Pond ash was collected from National Thermal Power, Kahalgaon, Bihar, India. In this paper, geotechnical properties of pond ash and local soil are presented. Design and stability analysis of embankment with different height (with or without berm) is carried out considering the uniformly distributed load due to train loading under the water logged and sudden drawdown conditions with earthquake factor. It was observed that critical factor of safety was found for lower height of embankment in comparison to the higher embankment.