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          <h1>Companies Must Pay 18% Penal Interest on Unpaid Matured Deposits as per Rule 17 of 2014 Deposit Rules.</h1> Every company is mandated to pay a penal interest rate of eighteen percent per annum on overdue deposits, whether secured or unsecured, that have matured and been claimed but remain unpaid. This requirement is stipulated under Rule 17 of the Companies (Acceptance of Deposits) Rules, 2014, as part of the Companies Law framework.

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