A payment schedule details the timing and quantities of payments to be exchanged between parties in a business deal. It is a standard feature in contracts and agreements to ensure transparency and prevent any confusion. Important components of a payment schedule consist of:

  1. Payment Deadlines: Clearly state when payments are expected. This could be a one-time payment or a series of payments spread out over a period.

  2. Payment Amounts: Precisely list the amounts to be paid on each deadline. This could be a set amount, a percentage of the total contract value, or linked to specific project milestones.

  3. Late Payment Policies: Establish the repercussions or fines for delayed payments. This may involve interest charges or other penalties.

  4. Payment Options: Specify the acceptable payment methods, such as bank transfers, Google Pay, PhonePe, or Paytm.

Every 15 Days

3 Months - 6 Installments
6 Months - 12 Installments
9 Months - 18 Installments
12 Months - 24 Installments