Amendment status not verified — confirm the current text below against the official source.
(1) The licensee shall pay to the consumer, interest on the security deposit furnished by him at the bank rate prevailing on the first of April of that year and it shall be payable annually with effect from date of such deposit. (2) The interest accrued during the financial year shall be adjusted in the energy bill of the consumer during the first quarter of the ensuing financial year. [(3) If the adjustment of interest is delayed, interest at 12% per annum based on the actual number of days of delay from due date, upto a period of 30 days and thereafter at the rate of 18% per annum for the entire period of default from due date.] Substituted by Kerala Electricity Supply (Amendment) Code, 2020 published in K. G. Ext. No. 1504 dt. 19/06/2020.