What's is deference of normal Collection and Bucket collection

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Accepted Answer

Bucket collection is a specialized form of collection where delinquent accounts are grouped into buckets based on their age or severity.

Normal collection involves the process of collecting outstanding payments from customers.
Bucket collection categorizes delinquent accounts into different buckets based on their age or severity.
Bucket collection helps prioritize and manage collections more effectively.
For example, a bank may have buckets like 30 days, 60 days, and 90 days past due, each requiring different collection strategies.

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Normal collection that pay every month.bucket collection is called Whose has bounced for...1-2 months or more.

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normal collection Normal Collection that Pays Every Month .Bucket collectin is called whose has bounced for 1 -2 months or more.

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Normal Collection is Demand Case (on time Payment)

Bucket Collection is more than one month

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Normal collection is on time payment bucket collection more than month about due peyment

Accepted Answer

Normal collection is on time payment bucket collection is more than 1 months about due payment

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