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
Withdrawn
RBI/2005-06/387
May 17, 2006
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/2005/209(DGBA.GAD.No.H.5872/42.01. 011/2005-06) dated November 18, 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, (M. T. Varghese) General Manager
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