Section 1

Short title, extent and commencement.

The Interest Act, 1978

  • Act 14 of 1978
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to consolidate and amend the law relating to the allowance of interest in certain cases.

All sections
    (1) This Act may be called the Interest Act, 1978.
     (2) It extends to the whole of India except the State of Jammu and Kashmir*.
     (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Notes

*. Vide Notification No. S.O. 3912 (E), dated 30th October, 2019, this Act is made applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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