State Act

4

Section 4. Calculation of interest.

THE PUNJAB SETTLEMENT OF AGRICULTURAL INDEBTEDNESS ACT, 2016.

Act no. 15 of 20162016In forcePunjab (State Act)

4. The interest payable on the debt shall be calculated at such rate as may be notified by the Government. The interest payable on the debt, shall be simple interest calculated on yearly basis.