Maintenance of Government Accounts -Interest on Delayed Remittances and Excess/Double Reimbursement - ਆਰਬੀਆਈ - Reserve Bank of India
79286597
ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਜੂਨ 10, 2004
Maintenance of Government Accounts -Interest on Delayed Remittances and Excess/Double Reimbursement
RBI/2004/234
DGBA.GAD.No.H-1244/42.01.011/2003-04
June 10, 2004
Jyeshtha 20, 1926(S)
State Bank of India & its Associates,
All Nationalized Banks,
Jammu & Kashmir Bank Ltd.,
IDBI Bank Ltd./HDFC Bank Ltd./
ICICI Bank Ltd./UTI Bank Ltd.
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 1st May 2004 till further instructions.
Yours sincerely,
Sd/-
(Girish Kallianpur)
Deputy General Manage
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