Section 65 in Rajasthan Agricultural Loans (Taqavi) Rules, 1958
65.
Remissions of principal carry with them remissions of interest up-to-date on the principal sum remitted. Consequently when remissions are proposed, it is unnecessary to calculate the interest due In the accounts the balance of principal outstanding will merely be reduced by the amount remitted and if any principal remains to be collected, interest will be calculated at the next payment on the reduced balance only.
