“The RE shall ensure that, upon such transition, the revised interest rate does not exceed the interest rate applicable to the borrower immediately before such transition. Regulatory instructionsFurther, regulatory instructions on interest rates on loans and advances extended by other REs are largely with regard to conduct related aspects. In addition, the extant guidelines contain very limited regulatory instructions regarding fixed rate loans. Under the proposed directions, while a lender may offer loans and advances at fixed or floating interest rates, interest can be charged on advances at monthly rests. However, in the case of agricultural advances and advances to farmers, interest shall be charged at longer rests.