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How are late fees calculated?

Late fees are levied as defined below or 30% of the payable amount, whichever is lower. Max. late fees are Rs. 3000

Principal Outstanding Amount

Per day charges

Rs.0 to Rs.500


Rs.500 to Rs.2000


Rs.2000 to Rs.10,000


Rs.10,000 to Rs.25,000


More than Rs.25,000 

Rs. 150

Extra interest:  Interest charges on the overdue principal amount. 

Note: All charges are inclusive of GST.

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