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of <h1>Interest Charged on Delayed Compounding Charges: 1% Monthly for Up to 3 Months, 2% Thereafter</h1> If the time allowed for depositing compounding charges is extended beyond one month from the notification, interest is levied on the unpaid amount. For delays up to three months, the interest rate is 1% per month or part thereof. For delays beyond three months, the interest rate increases to 2% per month or part thereof.
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