Late fee is applicable if you delay the payment for more than 3 days after the due date.
Here is how late charges are calculated -
|Late fee||Interest charges|
₹25 per day (up to a maximum of ₹2000)
|Interest charges on the overdue principal amount.|
1. The late fee is inclusive of GST.
2. The late fee will be applicable only if the total overdue amount is greater than ₹250.