The Maximum Permissible Interest Rate (MPIR) applicable to ‘refund periods’ for refundable deposit balances and accommodation bond balances and for accommodation prices will increase from 6.22% to 6.28% for the period of 1 April to 30 June 2016.
The Base Interest Rate remains unchanged at 3.75%.
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Refundable Deposit Balance and Accommodation Bond Balance Refund Interest Rates