RBI/2004/234
DGBA.GAD.No.H-1244/42.01.011/2003-04

June 10, 2004
Jyeshtha 20, 1926(S)

Dear Sir,

Maintenance of Government Accounts – Interest on Delayed Remittances and Excess/Double Reimbursement

Please refer to our Circular No.443/42.01.011/2003-04 dated November 5, 2003 on the above subject.

2. We advise that the rate of interest on delayed remittances and double/excess reimbursement remains unchanged at 8% (i.e. Bank Rate 6% + 2%) with effect from 1^st May 2004 till further instructions.

Yours sincerely,

Sd/-
(Girish Kallianpur)
Deputy General Manage

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