How are late charges calculated?

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Late charges are applicable if you delay the payment for more than 3 days after the due date.

Here is how late charges are calculated -

Penalty	Extra Interest
₹25 per day (up to a maximum of ₹1000)	Interest charges on the overdue principal amount.

Note -

1. The late charges are inclusive of GST.
2. Penalty will be applicable only if the total outstanding amount is greater than ₹500.