Max late fee that can be collected by apartment resident for delayed maintenance charges payment

1. The Fine /Penalty or percentage of Interest, that can be levied on delayed or pending Maintenance Bills, shall depend on the registered bye laws of the Association /Society.  Hence there is no fixed rate for the same and also differs from state to state.  In Maharashtra, it is 21% simple interest, maximum.

Keep Smiling .... Hemant Agarwal
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