alleryStart learning →The extra Rs 500 daily penalty for continuing default is capped at what?
ARs 50,000
BRs 1,00,000
CRs 2,00,000
DRs 5,00,000
Answer & Solution
Correct answer: C. Rs 2,00,000
Continuing default adds Rs 500 per day after the first, subject to a maximum of Rs 2,00,000.
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