Delayed-payment interest
MSMED Act 2006, Sections 15 and 16
What the buyer owes
| Amount | ₹0.00 |
| Payment was due by | — |
| Today | 5 Nov 2026 |
| Days late | — |
| Rate | 17.25% a year (3 × bank rate), compounded monthly |
| Interest owed | — |
| Total | ₹0.00 |
Next
- Enter the amount and the date the buyer accepted the goods or work to see the interest.
Good to know
- This covers micro and small enterprises registered on Udyam, for supplies made after the registration date.
- Interest stays due even when the principal itself was later paid.
- Check the current bank rate on rbi.org.in; the law uses three times it.