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All 174 bye-laws / Chapter IX – Levy of Charges of the Society

70

Bye-law No. 70

Interest on arrears

Summary

Simple interest up to 21% per year, or a lower rate fixed by the general body, is charged on dues from the due date till payment. (Note: the 2026 amended Rules reportedly reduce this ceiling — see 'Updates'.)

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Common questions on this bye-law

How much interest can a society charge on maintenance arrears?

Related topics

Maintenance chargesArrears & interest