Recent notification by RBI dated November 12, 2021 includes guideline on Standardization of accounts once classified as NPA is as follows:


Date of overdue: The day after the due date of EMI.

Type of Classification:

Standard Accounts

Special Mention Account (SMA):

SMA 0: 0-30 days past the due date

SMA 1: 31-60 days past the due date

SMA 2: 61-89 days past the due date

Non-Performing Asset (NPA): >=90days


If due date of a loan account is March 31, 2021, and full dues are not received before the lending institution runs the day-end process for this date, the date of overdue shall be March 31, 2021. If it continues to remain overdue, then this account shall get tagged as SMA-1 upon running day-end process on April 30, 2021 i.e. upon completion of 30 days of being continuously overdue. Accordingly, the date of SMA-1 classification for that account shall be April 30, 2021.

Similarly, if the account continues to remain overdue, it shall get tagged as SMA-2 upon running day-end process on May 30, 2021 and if continues to remain overdue further, it shall get classified as NPA upon running day-end process on June 29, 2021

It is advised to clear all your overdue to avoid any legal action and to maintain clean repayment record.

To pay your EMI now, visit our PAY EMI section on the website.


Edelweiss Financial Services Limited 2016

Edelweiss Retail Finance Limited (ERFL) | CIN: U67120MH1997PLC285490

The Company is having valid Certificate of Registration (CoR) No. B-13.02149 dated January 4,2017 issued by Reserve Bank of India (RBI) under Reserve Bank of India Act, 1934. However, RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of Company or correctness of any of the statements or representation made or opinion expressed by the Company.

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