Revenue audit
This query is : Resolved
07 March 2014
Can any expert tell me how to calculate
penal interest in case of late
submission of stock statement..?i.e.
Exact calculation @ which rate on
which amount .... In case of bank
of india... Please reply it is urgent.... Thanks experts...in advance
penal interest in case of late
submission of stock statement..?i.e.
Exact calculation @ which rate on
which amount .... In case of bank
of india... Please reply it is urgent.... Thanks experts...in advance
08 March 2014
chetan please refer to the sanction letter. it states everything that you are looking for.
08 March 2014
it will be around (1% to 3%) on limit sanctioned
.
note that penal intrest will be charged on limit and not on outstanding balance
.
.
(observed in karnataka bank audit)
.;
Note: i just shared my experiance,,you pls check ur sanction letter for ur case
.
note that penal intrest will be charged on limit and not on outstanding balance
.
.
(observed in karnataka bank audit)
.;
Note: i just shared my experiance,,you pls check ur sanction letter for ur case
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