If the excess compensation is not paid into court within one year after the Collector takes possession of the land, what happens to the interest rate under Section 28 of the Land Acquisition act 1894?
1
The interest rate remains nine percent per annum.
2
The interest rate increases to fifteen percent per annum after the expiry of one year.
3
The interest rate is waived entirely.
4
The interest rate is reduced to five percent per annum after the one-year period.