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Branch Manager's Module

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Quick Pay

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collection interestpayment pay interest payment

Lets understand how to process customers interest collections

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1. Can customer initiate Quick pay from his mobile using Augmont’s application?
Yes No
2. What is the maximum limit for Quick Pay?
Amount Due till date Previous amount due Amount due till next due date
3. If customer pays additional amount in quick pay, will the additional amount be adjusted in customer principal?
Yes No
4. If the customer has manual charge, penal and interest due. In what sequence will be the amounts adjusted?
Penal then Manual then Interest Interest then Penal then Manual Interest then Manual the Penal Manual then Penal then Interest