Section 9(2)(ii) in The Rajasthan Colonisation (Sale and Allotment of Land in Mandis in the Bhakra and Indira Gandhi Canal Projects Colony Areas) Conditions, 1973
(ii)In case the bidder fails to deposit within 60 days from the date of issue of the order of the Chairman of the committee accepting auction, interest at the rate of 12% per annum shall be charged from the date of the acceptance of the bid.