https://www.taxtmi.com/acts?id=18277 Rule 16 limits a Nidhi's loan interest to not exceed seven and a half percent above the highest deposit rate offered, requires calculation on the reducing balance method, mandates the same rate for all borrowers within the same loan class, and requires prominent display of all loan class rates at the registered office and each branch. en-us Mon, 31 Mar 2014 18:52:45 +0530 Wed, 18 Mar 2026 18:05:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18277 Rule 16 limits a Nidhi's loan interest to not exceed seven and a half percent above the highest deposit rate offered, requires calculation on the reducing balance method, mandates the same rate for all borrowers within the same loan class, and requires prominent display of all loan class rates at the registered office and each branch. Act-Rules Companies Law Mon, 31 Mar 2014 18:52:45 +0530 https://www.taxtmi.com/acts?id=18277