payment of interest on security deposit by andhra pradesh electricity board
Dear Sir,
IN THE BELOW APERC REGULATORY ACT IT IS MENTIONED THAT THEY WOULD PAY INTEREST AT THE BANK RATE NOTIFIED BY RBI, I WOULD LIKE TO KNOW WHAT IS THE RBI RATE FOR THE YEARS 2000-2012 AND AT WHAT RATE HAVE THEY GIVEN INTEREST TO THE HIGH TENSION (HT-1) CATEGORY CONSUMERS ON THEIR SECURITY DEPOSIT .
ANDHRA PRADESH ELECTRICITY REGULATORY COMMISSION (SECURITY DEPOSIT) REGULATION 2004.
In exercise of the powers conferred by section 181 read with sub-sections (1) and (4) of section 47 of the Electricity Act 2003 (36 of 2003) and all powers enabling it in that behalf, the Andhra Pradesh Electricity Regulatory Commission hereby makes the following Regulation, dealing with the Security Deposit to be provided by the Consumer and matters incidental and ancillary thereto:-
Interest on Security Deposit payable by the Licensee:
(1) The licensee shall pay interest on security deposit of a consumer, at the Bank Rate notified by Reserve Bank of India provided that the Commission may specify a higher rate of interest from time to time by notification in Official Gazette.
I KNOW ONLY THE ADDRESS AND NOT THE PIO’S DETAILS
ANDHRA PRADESH ELECTRICITY REGULATORY COMMISSION
4th & 5th Floors
11-4-660, Singareni Bhavan
Red Hills
HYDERABAD – 500 004
THANKS & REGARDS
RAJIV
