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Late Payment Interest Calculator

Calculate interest on overdue invoices using MSME SAMADHAAN rates (3× RBI bank rate) or a custom rate. Know what you're owed.

Invoice Details

As per the MSMED Act 2006, interest on delayed payments to MSMEs accrues at 3× the RBI bank rate (approx. 21% p.a.). Applicable when buyer is not an MSME.

98 Days Overdue

At 21% per annum (MSME SAMADHAAN rate)

Principal Amount₹2,50,000
Interest Accrued (98 days)₹14,096

Total Amount Recoverable

₹2,64,096

Daily interest: ₹144 per day