Delayed Payment Charges Policy
It is decided that all clients who are not making payments on the timely basis will be levied penalty as delayed payment charges at the end of the day as per following.
| Balance amount debit in the account at the end of the day | Amount of penalty as Delayed Payment Charges |
|---|---|
| Rs 0 - 5,000/- | Rs 0/- |
| Rs 5,001 - 20,000/- | Rs 12/- |
| Rs 20,001 - 30,000/- | Rs 18/- |
| Rs 30,001 - 40,000/- | Rs 24/- |
| Rs 40,001 - 50,000/- | Rs 30/- |
| Rs 50,001 - 60,000/- | Rs 36/- |
| Rs 60,001 - 70,000/- | Rs 42/- |
| Rs 70,001 - 80,000/- | Rs 48/- |
| Rs 80,001 - 90,000/- | Rs 54/- |
| Rs 90,001 - 1,00,000/- | Rs 60/- |
| Rs 1,00,001 and above | The amount shall be debitted in the similar fashion above as Rs 6/- for every 10,000/- increase in the debit balance. |