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Interest and Other Fee Calculation Methods of NDB Good Life Credit Cards;01. Minimum Payment: Minimum Payment is considered as a 5% of the total outstanding amount as at statement date.02. Late Payment
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Interest and oformr fee are charges imposed on overdue payments or loans.
Individuals or businesses who have received payments or loans and are charging interest or oformr fee are required to file this information.
Interest and oformr fee should be reported on relevant forms provided by the tax authorities, with accurate and detailed information.
The purpose of interest and oformr fee is to compensate for the delay in receiving payments or loans.
The amount of interest and oformr fee charged, the reason for the charges, and the payee's information must be reported.
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