This is an estimate only. Actual amounts depend on RBI's assessment of facts and circumstances.
Maximum statutory penalty under Section 13: up to 3x the amount involved, or Rs 2 lakh if not quantifiable, plus Rs 5,000/day for continuing violations.
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Disclaimer: This calculator provides estimates based on the RBI compounding matrix (FED Master Direction No. 4/2015-16 as amended). Actual compounding fees are determined by RBI based on the specific facts of each case. This is not legal or tax advice. Consult a qualified professional before taking any action. Calculator by A S Banka Advisors Private Limited.