Section 35(4) in Tamil Nadu Electricity Regulatory Commission Tamil Nadu Electricity Distribution Code
(4)Interest will be paid by the Licensee on Security Deposit at the rate as may be fixed by the Commission from time to time. Full calendar months only will be taken into account for the purpose of calculating the interest and the interest will be calculated to the nearest rupee i.e. 50 paise or above will be rounded off to the next higher rupee and less than 50 paise will be ignored.
