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State of Karnataka - Section

Section 8 in KERC (Security Deposit) Regulations, 2007

8. Interest on Security Deposit.

- The Licensee shall pay interest on Security Deposit (ISD, ASD & Meter Security Deposit) of the Consumer as specified under K.E.R.C. (Interest on Security Deposit) Regulations, 2005. However, this Clause is not applicable to the Security Deposit paid in the form of Bank Guarantee.