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MSME delayed payment interest calculator

Estimate the interest a buyer owes a micro or small manufacturer or service provider for paying late under the MSMED Act — compound with monthly rests at three times the RBI bank rate.

The Act caps this at 45 days. Without a written agreement, 15 days applies.

Check the current bank rate notified by the Reserve Bank of India (rbi.org.in).

Enter the RBI bank rate to see the estimate.

⚖️ These tools give estimates and general templates, not legal or tax advice. Please consult a qualified advocate or CA for your situation.

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