3. Interest on deposit not allowed to plaintiff after notice.—No interest shall be allowed to the plaintiff on any sum deposited by the defendant from the date of the receipt of such notice, whether the sum deposited is in full of the claim or falls short thereof.
Order XXIV Rule 3 CPC: Interest on deposit not allowed to plaintiff after notice
Bare Act text
Text of the Code of Civil Procedure, 1908 (Act No. 5 of 1908), First Schedule, as amended, including the changes for commercial disputes made by the Commercial Courts Act, 2015. Source: India Code, Government of India.
In simple words
No interest is allowed to the plaintiff on any sum deposited by the defendant from the date the plaintiff receives notice of the deposit. This applies whether the deposit is in full satisfaction of the claim or falls short of it, so interest on the deposited amount stops running against the defendant from receipt of the notice.