Interest charged by housing finance company
19 August 2019
Can a housing finance company charge interest on disbursement from cheque given date (to the borrower) or interest should be charged from actual clearing date of the cheque given?
For eg, if Rs. 1 lacs cheque is issued to Mr. X (borrower) on 01.07.2019. However he deposited the cheque on 01.08.19. So whether interest should be charged from 01.07.19 or 01.08.19?