Section 32(1) in The Delhi Co-operative Societies Rules, 2007
(1)In case of default in payment of demand in a co-operative housing society by the members, the maximum rate of interest charges shall be as under:(a)for default of payment of installment upto six months @ 9 percent per annum;(b)for default of payment of installment upto one year @ 9.5 percent per annum; and(c)for default of payment of installment for more than one year @ 10 percent per annum.
