Delayed payment interest statement
INV-0042
Bill amount
₹1,00,000
Due date
2026-03-31
Overdue by
165 days
Principal outstanding₹1,00,000
Interest @ 19.5% p.a. (monthly compounding) for 165 days+ ₹9,271
Total claimable₹1,09,271
Kostenloses Business-Tool
Berechnen Sie taggenau die gesetzlichen Verzugszinsen und Pauschalen für fällige und unbezahlte Rechnungen gegenüber Kunden.
MSMED Act toolkit
Under Section 16 of the MSMED Act, 2006, registered micro/small suppliers are entitled to interest at three times the RBI bank rate (6.5% × 3 = 19.5% p.a.) when buyers pay later than the agreed credit period. If no agreement exists or the period exceeds 45 days, the Act deems the maximum credit period as 45 days before interest begins accruing.
Delayed payment interest statement
Bill amount
₹1,00,000
Due date
2026-03-31
Overdue by
165 days
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