Perquisites - Interest Free or Concessional Loans - Rule 3(7)(i)

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..... e will be Interest for each month of the PY on Maximum outstanding monthly balance standing as on last date of each month at the landing rate on 1.4.2022 as specified by the SBI as decreased by Intere .....

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..... lated at the rate charged by State Bank of India as on 1st day of previous year on loan for the same purpose. This is to be calculated on maximum outstanding monthly balance Less actual interest paid .....

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