MACT compensation award details in case of 9% per annum interest


my question is in a MACT compensation award judgement , if a judge gave award of 20 lakhs of compensation with 9% interest per annum from the date of filing till deposit means how much amount the deceased family will get if the case was about 4 years duration???


Answers (3)

sir, the calculation would follow as;

20,00,000/- X 9% for number of days calculated from the date of filing till the date of deposit is made ( the days for which the petition was dismissed for default will be excluded)..... i will be able to say the accurate calculation if the date of Petition filed and the date of deposit made and the Dismissed for default period is known.


Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

The deceased family will get rs. 2720000 along with the award amount together with the interest amount. If the period extends then the interest will also increase. Usually the interest will be awarded from the date of filing of the petition till the date of realisation

Popular Motor Accident Lawyers

Advocate Saifuddin Saifee
Maharani Road, Indore
18 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
18 years Experience
Advocate Shikhar Khare
Jangpura Extension, Delhi
6 years Experience
Advocate Bala Janaki
330 Thambuchetty Street, Chennai
34 years Experience

Assuming the Interest is Simple Interest.
9% Interest on 20Lakh For one year is Rs 1,80,000 ( Rupees One Lakh Eighty Thousand) For Four Years The interest sums up to Rs. 7,20,000 (Rupees Seven Lakh Twenty Thousand).

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Motor Accident Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.


Related Articles


"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Similar questions

Sir, I met with an accident due to a bad road, who should I complaint about that?…

Read More

This happen in the 1st week of Oct2018.Its been like 2 months .I was riding from Goa to Mumbai and Met with a bike Accident with a truck. My bike was …

Read More

i m giving a tourist car on rental basis to ola i want to know incase of accidents causing death, who will be liable for court or police consequences?…

Read More

Sir is there any law that police cannot register any FIR against unknown person ...they had only register DDR...we had requested a lot to police to re…

Read More