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Entire bill amount
Balance pending when partial payments have been made
Data Table
Sr. No. | *Interest based on (Bill amount/Balance pending) | *Grace Period (days) | *Interest rate |
|---|---|---|---|
1 | Balance Pending | 15 | 5 |
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Procedure
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Data Definition
Sr. No. : Defines the serial no of the line item.
Grace period : After the bill is generated, certain days are provided to the citizen for making the payment.
Interest based on : Interest can be levied on either bill amount or balance pending, if partial payments are made against the bill.
Interest rate : Time based Interest percentage
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