MSME toolkit
Waiting 90, 120, or 200 days for corporate payments? Upload your outstanding invoices, bucket them by age, compute statutory interest at 19.5% p.a., and generate a Section 16 demand letter — all in your browser, nothing uploaded.
Reviewed by Kunal Siyag on 2026-08-29. Sources: MSME Ministry · SAMADHAAN · RBI Bank Rate · DC MSME
MSMED receivables suite
Track outstanding invoices across your buyers, bucket them by age, and create a Section 16 demand letter with statutory interest calculated at 19.5% p.a. (3 × RBI bank rate 6.5%). The maximum enforceable credit period is 45 days regardless of longer contract terms.
No invoices yet. Add one manually or upload a CSV with Invoice and Amount columns.
CSV header example: Buyer, Invoice, Date, Amount
Generated 10/9/2026
Total invoices
0
Principal
₹0
Overdue
0
Accrued interest
₹0
| Buyer | Invoice | Bill Date | Amount | Due | Overdue Days | Status |
|---|
Interest computed at 19.5% p.a. (3× RBI Bank Rate). Section 16, MSMED Act, 2006. Prepared using Pro UPI QR. Last reviewed 2026-08-29 by Kunal Siyag.
No overdue invoices to include in the demand letter.
FAQ
It helps micro and small enterprise suppliers track unpaid invoices by age, calculate delayed-payment interest at 19.5% p.a. (3× the RBI Bank Rate), and generate a formal Section 16 demand letter that can be used before filing with an MSE Facilitation Council.
The MSMED Act mandates compound interest at three times the RBI Bank Rate (currently 6.5% × 3 = 19.5% p.a. with monthly rests) on delayed payments beyond the agreed credit period, capped at 45 days. This tool uses exact integer arithmetic for every invoice and computes both simple and monthly-compounded figures.
Yes. The demand letter serves as a pre-litigation notice under Section 16. After sending it, if the buyer does not pay within 15 days, you can file a reference before the MSE Facilitation Council for your state through the SAMADHAAN portal (samadhaan.msme.gov.in). The Council can award interest with monthly compounding and enforce it as a civil court decree.
Yes. All invoice entries and supplier details stay in your browser's localStorage. Nothing is uploaded to any server. The demand letter and aging report are generated entirely on your device.
Legal notice: This tool computes indicative interest and drafts a letter based on published MSMED provisions and RBI Bank Rate notifications. It is not legal advice. Verify your Udyam registration, confirm the current Bank Rate on rbi.org.in, and file through samadhaan.msme.gov.in. Last reviewed 2026-08-29 by Kunal Siyag.
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