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WBHIDCO Ltd or the designated Banks shall not pay interest on any kind of refund / withdrawal / cancellation cases or any

WBHIDCO Ltd  may allow  4 % discount on the price of plot of land if the full land price is paid upfront within 60 days from the date of issue of the letter of allotment.

Penalty for delay in payment

If installments as scheduled above (reference para 6 table 2) are not paid in time, the applicant shall pay delayed payment charge at 12.5 % p.a. If a particular instalment is not paid in time, the Managing Director of WBHIDCO Ltd may consider extending the date of payment by maximum of 60 days for clearing the default, failing which the allotment will automatically stand cancelled.

Corporation's Liability

If however, the possession of plot is delayed by the Corporation by more than twelve months from the schedule date of possession, [reference para 5 e) above] the Corporation shall except on account of Force Majeure pay interest if applied for on instalments already paid by the intending allottee during such extended period after four years till the offer is made for handing over possession of  the plot, at prevailing fixed term deposit rates for similar periods offered by the State Bank Of India.