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'.)
Common questions on this bye-law
How much interest can a society charge on maintenance arrears?