Yes, there are. If you are late in making the payment beyond the grace period (3 days after the due date), you will be charged a penalty of 1% of the total outstanding amount, starting from the day after the due date.
Yes, there are. If you are late in making the payment beyond the grace period (3 days after the due date), you will be charged a penalty of 1% of the total outstanding amount, starting from the day after the due date.