Section 21A: Rates of interest charged by banking companies not to be subject to scrutiny by courts.

Q: What does Section 21A of The Banking Regulation Act, 1949 (BR Act) deal with?

Section 21A BR Act pertains to "Rates of interest charged by banking companies not to be subject to scrutiny by courts.". It is part of the The Banking Regulation Act, 1949, a legislation enacted by the Parliament of India. Section 21A of The Banking Regulation Act, 1949 (BR Act) governs rates of interest charged by banking companies not to be subject to scrutiny by courts. As verified on 19 May 2026.

Q: Is Section 21A BR Act still in force?

Yes, Section 21A of the The Banking Regulation Act, 1949 is currently in force across the Republic of India.

Q: What is धारा 21A BR Act?

धारा 21A BR Act is the Devanagari Hindi reference for Section 21A of the The Banking Regulation Act, 1949. Section 21A of The Banking Regulation Act, 1949 (BR Act) governs rates of interest charged by banking companies not to be subject to scrutiny by courts. As verified on 19 May 2026.

Q: What is Dhara 21A BR Act?

Dhara 21A BR Act is the Roman Hindi reference for Section 21A of the The Banking Regulation Act, 1949. "Dhara" means "Section" in Hindi. Section 21A of The Banking Regulation Act, 1949 (BR Act) governs rates of interest charged by banking companies not to be subject to scrutiny by courts. As verified on 19 May 2026.

Q: How to cite Section 21A of The Banking Regulation Act, 1949?

Cite as: "Section 21A, The Banking Regulation Act, 1949 (BR Act)" in legal briefs. For academic writing, use the BlueBook format: The Banking Regulation Act, 1949, § 21A (India).

Law on Tips Editorial Board

¹[21A. Rates of interest charged by banking companies not to be subject to scrutiny by courts.—Notwithstanding anything contained in the Usurious Loans Act, 1918 (10 of 1918), or any other law relating to indebtedness in force in any State, a transaction between a banking company and its debtor shall not be re-opened by any Court on the ground that the rate of interest charged by the banking company in respect of such transaction is excessive.]

1. Ins. by Act 1 of 1984 s. 24 (w.e.f. 15.2.1984).