Overview of the book now pay later (BNPL scheme): Speed Post

 

The major customer is entitled to a credit facility if he enters into an agreement with the department. Mass customer is defined as anyone who provides Rs. 10,000 value of speed mail business in the calendar month in a Speed ​​Post booking office.

The main customer, who chooses to use the credit facility, will contact the designated authority in the prescribed format. The major customer must conclude an agreement with the designated authority. After approval, the customer must provide a bank guarantee. The contract is valid for a period of one year and the approval authority renews the contract annually.

The BNPL bill is issued monthly (calendar month) by the sending office. The invoice will be increased by the 15th day of the following month (invoice date). The major customer must fully settle the invoice amount no later than 30 days after the invoice date (due date).

If the customer does not make the payment by the due date, a penalty of 10% per annum will be charged on the amount of the invoice amount from the invoice date. In the event that the major customer decides not to use the credit facility and to pay in full at the time of the Speed ​​Post item, he / she is entitled to receive Rs 50,000 in a calendar month and discount from him Provided speed post above or more.

 

 

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