MSME Delayed Payment Interest Calculator | MSMED Act Sec 16 | Bharat Samvidhan
Calculate interest on delayed payments to Micro & Small Enterprises under Section 16 of the MSMED Act. Generates statutory demand notices.
MSME DEVELOPMENT ACT, 2006 (SECTION 16)
MSME Delayed Payment Calculator
Protect your cash flow. Under Indian law, buyers must pay 3x the RBI Bank Rate (compounded monthly) for delays exceeding 45 days.
Calculation Inputs
Invoice Principal (INR)
setInvoiceAmount(e.target.value)}
required
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Invoice Date
setInvoiceDate(e.target.value)}
required
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Actual / Expected Date of Payment
setPaymentDate(e.target.value)}
required
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RBI Bank Rate (%)
Check RBI website
setBankRate(e.target.value)}
required
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Notice Details (Optional)
Your Enterprise Name
setSellerName(e.target.value)}
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Buyer Enterprise Name
setBuyerName(e.target.value)}
/>
Invoice Number
setInvoiceNum(e.target.value)}
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Calculate Delayed Interest
Days Delayed:
Days
Interest Rate Applied:
% p.a. (3x %)
Total Due (Principal + Interest):
₹
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Print
Calculation Ledger & Demand Draft
Fill in the invoice values on the left panel and click calculate to view the interest breakdowns and generate your statutory claim notice.