[Pramāṇa](https://indike.org/pramana/) › [Studies](https://indike.org/pramana/ins) › [Polity, law and society](https://indike.org/pramana/ins.polity) › [Hindu Administrative Institutions](https://indike.org/pramana/ins.polity.dikshitar-1929) › c10.s3.23 # Hindu Administrative Institutions c10.s3.23 Hindu Administrative Institutions c10.s3.23 - **Language:** English ### [c10.s3.23](https://indike.org/pramana/ins.polity.dikshitar-1929.c10.s3.23) The \*Saṃhitas\* fix it at 15 per cent. per annum. The ruling of Vyāsa on this point is interesting. ‘In the case of a pledge the rate of interest is 1¼ per cent per month. In the case of a surety the eighth part is added to this. In the absence of either (a pledge or surety) 2 per cent. per mensem would be levied from the debtors of the sacerdotal class.¹ We can understand Kauṭalya prescribing different rates of interest for traders in forests, by sea, and by land, for secured and unsecured loans. - [Previous: c10.s3.22](https://indike.org/pramana/ins.polity.dikshitar-1929.c10.s3.22) - [Next: c10.s3.24](https://indike.org/pramana/ins.polity.dikshitar-1929.c10.s3.24) - [Up: c10.s3](https://indike.org/pramana/ins.polity.dikshitar-1929.c10.s3) ## Cites (2) - [Vyāsasmṛti](https://indike.org/pramana/in.niti.dharma.upasmrti.vyasa-works.vyasa) — Vyāsa, Sanskrit - [Saṃhitā](https://indike.org/pramana/in.med.samhita) --- Source: [https://indike.org/pramana/ins.polity.dikshitar-1929.c10.s3.23](https://indike.org/pramana/ins.polity.dikshitar-1929.c10.s3.23) · Pramāṇa