(1) This Act may be called the Interest Act, 1978.

(2) It extends to the whole of India except the State of Jammu and Kashmir*.

(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

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Footnote :

*. Vide Notification No. S.O. 3912 (E), dated 30th October, 2019, this Act is made applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh.