What is the ceiling on the interest rate for delayed payment of interconnection charges?
- A.RBI repo rate plus one percent
- B.SBI one-year MCLR plus two percent
- C.A flat rate of 18 percent a year
- D.Bank rate plus three percent
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A fresh provision now deals with late payment of interconnection charges and interconnection usage charges: the two service providers may settle the interest rate between themselves, but it cannot go above that benchmark.
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