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Good Day !
Our society is collecting 3 months advance maintenance we fail to pay the maintenance, but we paid after 1 month so society is charging 21 % interest for late payment.
so how much interest we have to pay as per the law if this is ok they can take interest on advance maintenance ?
Society Maintenance Charges
Correct 21%, your society is collecting the right interest as per law.
Is there any bye law to collect three months advance maintanance?
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