Module: | Priority Sector, Consumer Protection & Digital Lending
Q146: If a loan account has a due date of March 31 and remains unpaid, it becomes overdue on March 31. If it remains continuously overdue, on which date must it be classified as NPA (upon completion of 90 days)?
✅ Correct Answer: B
The correct answer is B. The calculation of the 90-day delinquency period is precise and mathematical.
If the due date is March 31 and the installment remains unpaid, it becomes overdue at the end of that day.
The count begins immediately: 30 days complete on April 30 (triggering SMA-1 status). 60 days complete on May 30 (triggering SMA-2 status). The full 90-day period concludes on June 29.
Therefore, if the account remains continuously overdue, it strictly must be classified as an NPA during the end-of-day processes on June 29.
If the due date is March 31 and the installment remains unpaid, it becomes overdue at the end of that day.
The count begins immediately: 30 days complete on April 30 (triggering SMA-1 status). 60 days complete on May 30 (triggering SMA-2 status). The full 90-day period concludes on June 29.
Therefore, if the account remains continuously overdue, it strictly must be classified as an NPA during the end-of-day processes on June 29.