Maintenance of Government Accounts - Interest on Delayed Remittances and Excess/Double Reimbursement - RBI - Reserve Bank of India
Maintenance of Government Accounts - Interest on Delayed Remittances and Excess/Double Reimbursement
RBI/2005/209 November 18, 2005 The Chairman/Managing Director, Dear Sir, Maintenance of Government Accounts – Interest on Delayed Remittances and Excess/Double Reimbursement Please refer to our Circular No.RBI/2005/457(DGBA.GAD.No.H.5724/42.01.011/ 2004-05) dated May 6, 2005 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%) till further instructions. Yours sincerely, |