Remarks: Interest will soon be levied for the complete level of Rs 10,000 till the very first repayment.

as well as above, « a payment that is late can also be applied as ‘Minimum Due Amount’ wasn’t compensated on or ahead of the ‘Due Amount Due Date’, » stated Yadav.

Interest on stability amount (Rs 5000) is going to be levied for the following 9 days till brand new declaration is created.

Calculation:Interest levied for 15 times (between 1 and July 15) = 172.6 [15*10000*3.5percent*12/365 july = 172.6] Interest levied for 13 times (Between July 16 and July 28 on stability of 11000 [10000 (outstanding (bill quantity) from past statement) + 1000 transaction that is[new) = 164.5 [13*11000*3.5%*12/365 =164.5] Interest levied for 9 times (Between July 28 and August 6 on stability of 6000 [11000 (outstanding) – 5000 (repayment made)]) = 62.13 [9*6000*3.5%*12/365 = 62.13]

Remarks: Interest is going to be levied when it comes to complete number of Rs 10,000 till the date associated with the very first deal. Plus »

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