Penal interest
Querist : Anonymous
can anyone help how to calculate penal interest on late submission of stock statement in bank.
Please help me by giving illustration so it will be easy to understand.
Let say Limit of CC :- 1 Cr
Interest Rate :- 14%
Penal Interest is @ 2% .
Querist : Anonymous
Like (Int amount)*2%*no of days ?
Querist : Anonymous
THAN?
Querist : Anonymous
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