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The Interest Act, 1978

Central

An Act to consolidate and amend the law relating to the allowance of interest in certain cases.

Act number
14 of 1978
Ministry
Ministry of Finance
Department
Department of Financial Services
Enacted
31 Mar 1978

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

6 sections

  1. Section 1Short title, extent and commencement.
  2. Section 2Definitions.
  3. Section 3Power of court to allow interest.
  4. Section 4Interest payable under certain enactments.
  5. Section 5Section 34 of the Code of Civil Procedure, 1908 to apply.
  6. Section 6Repeal and saving.