How to Calculate Byaj (Interest) at “₹ per 100 per Month” — With Examples
A simple guide to calculating interest the traditional Indian way — rate per ₹100 per month, counting days, yearly compounding and part payments — with worked examples.
Girvi Record Keeping for Jewellers: Best Practices That Prevent Disputes
Practical girvi (gold and silver pledge) record-keeping practices for jewellers and pawn brokers — what to record, photos, interest, part payments, release and overdue items.
गिरवीRecords that protect you
A girvi transaction is built on trust — the customer trusts you with family jewellery, and you trust that the loan will be repaid. Good records protect both sides. Here are the practices experienced jewellers follow.
What every girvi entry should record
- Girvi number, date and due date
- Customer name, father’s or husband’s name, village and mobile number, with an ID proof reference
- Each item separately: description, metal, purity, gross and net weight
- Your valuation rate and the loan amount
- Interest rate (per ₹100 per month) and the day-count method you use
Photograph every item
Most girvi disputes are about the item, not the money: “there were two rings, not one”, “the chain had a pendant”. A clear photo taken at the time of pledge, kept with the record, settles these questions immediately.
Give a proper slip
The customer’s slip should carry the girvi number, item list with weights, loan amount, rate and date. Ask the customer to bring it at release, and record the release with its own receipt.
Calculate interest the same way every time
Write your rule down — calendar days or 30-day months, both dates counted, yearly compounding — and apply it to every customer. Read how to calculate byaj per ₹100 per month for the full method.
Handle part payments and renewals cleanly
When a customer pays only interest, or part of the principal, record it against the girvi with a receipt. Apply payments to interest first. If a girvi is renewed, close the old entry and open a new one rather than overwriting dates.
Review overdue items every month
Keep a list of girvi that have crossed their due date and contact those customers early. Any further action on unredeemed items must follow the money-lending and pawn-broking rules of your state — keep your licence and records in order.
Coming soon: Girvi Hisaab
We are building Girvi Hisaab around exactly these practices — item-wise records with photos, slips, accurate interest and an overdue list. Register for early access.