When and how does Kriyo calculate the late fee?

Kriyo automatically applies a late fee penalty from the day after the due date or after the grace period ends, based on your settings.

You can set a grace period in days — penalties will not be applied during that period.

The penalty can be a fixed amount or an incremental amount per day (e.g., ₹50 or ₹100 added daily until payment).

If you update the due date later, the penalty is automatically recalculated based on the new due date.