The Kerala State Electricity Board (KSEB) has extended its One Time Settlement (OTS) scheme for settling electricity bill arrears up to March 31, 2012, as the scheme has turned out to be a success.Orders in this regard were issued on Wednesday last. Penal interest on arrears will be reduced to nine percent if the defaulter is willing to remit the entire sum in a single payment and to 15 percent if the payment is made in six monthly installments. If the payment is being made in six installments, one-third of the amount has to bepaid first.
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