| Sr. No. | Type of Charge | Description of Charges |
| 1 | Foreclosure charges | Upto 2% of loan Outstanding for Term loan and upto 2% of the sanctioned amount for Working Capital facilities, plus taxes, as applicable. Micro & Small Enterprises as defined under MSMED Act 2006 are exempted irrespective of the limits/out standings. |
| 2 | Not complying with documentation for credit facilities (inc. documentation as per accepted sanction letter) | 2% over the contracted rate on the amount outstanding |
| 3 | Late payment penalty on delayed payment of EMI- Term Loan | Upto 24% per annum (plus taxes) on the overdue EMI amount |
| 4 | Penal charges on customer exposures, overdue for renewal of credit facilities, | 2% over the contracted rate of transaction from the date of renewal overdu |
| 5 | Breach of facility covenants (if any | At the time of annual renewal wherever applicable, 2% of sanctioned limits as per accepted sanction letter |
| 6 | EMI bounce charges for term loan | Rs 450 (plus taxes) Per EMI bounce |
| 7 | Penal charges for customers not submitting the Letter Acknowledging their Debt (LAD) | 18% from the date of LAD overdue, subject to a minimum of Rs.2500 per month |
| 8 | Non-Submission of property/stock/Plant & Machinery insurance | Rs. 5000 per week from the due date recovery to be done on quarterly basis |
| 9 | Non-Submission of stock statement | Overdue upto 10 days after end of grace period = NIL; If overdue more than 10 days, then Rs. 5000 per week from the due date to be recovered quarterly |
| 10 | Maintaining Current Account with Other Bank while facility is granted under Sole Banking (Applicable where specific permission is not taken by the customer). Notice to be sent for immediate closure | 0.075% fortnightly from the date identified, till the closure. |