RBI/2005-06/387
DGBA.GAD.No.H.17981/42.01.011/2005-06 May 17, 2006
Vaishakha 27, 1928 (S) The Chairman/Managing Director,
State Bank of India & its Associates,
All Nationalized Banks,
Jammu & Kashmir Bank Ltd.,
IDBI 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.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 |