Demo data
Administrator
Penalty Rules
How late installments are charged. Applies to all chits with penalty enabled.
Global settings
Penalty enabled
Master switch across all chits
Penalty rules
| Name | Mode | Amount | Grace days | Max cap | Compound | Status | |
|---|---|---|---|---|---|---|---|
| Standard late fee | Flat amount | ₹100 | 5 | ₹500 | No | Active | |
| 1% per month of installment | % of installment | 1% | 7 | No cap | Monthly | Active | |
| Per-day charge after grace | Per day after grace | ₹20 /day | 5 | ₹1,000 | No | Disabled |
Active rules are evaluated in order. The first matching rule determines the penalty for an overdue installment. Combine grace days with a max cap to keep charges predictable.