| Sr. No. | Type of Charge | Current charges per instance |
|---|---|---|
| 1 | Cersai Charges for creation / modification of security interest on collateral securities. | Rs. 100 (plus taxes) per property / security registration |
| 2 | ROC filling charges (On customer request) | Vendor professional charges (plus taxes) + MCA fees (plus taxes) Vendor professional fees of Rs 2,250 MCA fees are as mentioned : 0-30 days Normal Fees Rs 600 , 31-60 days bucket Additional Fees Rs 4,200/-, 61-120 days Ad valerom Fees 0.05% of Exposure Amount |
| 3 | Processing Fees | Upto 1% (plus taxes) of the facility amount will be collected prior to disbursement as non-refundable administrative cost towards the processing of the loan. |
| CAM upto 5 lacs - Nil PF | ||
| 4 | Renewal Fee | Upto 1% (plus taxes) of facility amount. |
| 5 | Stamp Duty & other statutory charges | As per actuals which are applicable in laws of the state |
| 6 | Legal / Valuation | As per actual charged by the vendor |
| 7 | Issuance of No Due Certificate / No Objection Certificate (NOC) | No charges for original however for duplicate NOC, Rs 250/- (plus taxes) are applicable. |
| 8 | Issuance of Solvency certificate | Upto 1% of the solvency certification value (plus taxes) |
| 9 | Commission on LC/BG issuance | Upto 1.8% on LC/BG Amount (plus taxes) |
| 10 | Service Charges - for processing Physical Stock Statement. | Rs. 500 plus taxes for every physical stock statement collected or submitted. |
| 11 | Conversion Charges (For revising rate of interest) | @ 0.25% plus taxes as applicable on loan outstanding in case of Term loan and on sanctioned amount for other Working Capital Facility (e.g. Cash Credit / Overdraft etc.) or Rs. 10,000 plus taxes as applicable, whichever is higher. |
| 12 | Stock Audit Charges | For Sanctioned Limits upto Rs. 5 Crs: Rs.10,000/- plus taxes as applicable |
| For Sanctioned Limits above Rs.5 Crs: Rs.14,000/- plus taxes as applicable | ||
| **For the customers having multiple locations, stock audit charges to paid/recovered according to the number of visits to factory, office, godown etc. | ||
| 13 | Failed Takeover | In case of a failed takeover, Bank reserves the right to charge the borrower 1% plus taxes of the total limits sanctioned as failed takeover charges. |
| 14 | Incremental Interest on Adhoc limits. | @2% Interest on existing ROI on the additional adhoc amount |
| 15 | Foreclosure charges for Take over cases | For NON MSE Borrowers |
| Upto 4% of loan Principal outstanding for Term loan and 4% of the sanctioned amount for Working Capital Facility (plus taxes) | ||
| For MSE Borrowers | ||
| NIL for Borrowers classified as Micro and Small Enterprises, as per BCSBI guidelines under MSMED Act 2006, prepayment / foreclosure/ takeover charges | ||
| will not be charged if the Borrower is prepaying a fixed rate loan upto INR 50 lakhs or prepaying a floating rate loan of any amount. | ||
| 16 | EMI bounce charges for term loans | Rs 450 (plus taxes) Per EMI bounce |
| 17 | Commitment Charges | if Average Utilization>= 60% then no charges, If Average utilization is < 60% then 0.50% per annum on the difference between actual utilization and expected average quarterly utilization i.e. 60%. |
| These Charges will be levied on a quarterly basis (plus taxes) | ||
| Applicable only for CC/OD facility | ||
| 18 | Late payment penalty on delayed payment of EMI- Term Loan | 24% per annum (plus taxes) on the overdue EMI amount |
| 19 | Penal charges on customer exposures, overdue for renewal of credit facilities | 0.075% fortnightly |
| 20 | 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. |
| 21 | Incremental Interest on Temporary overdrafts (TOD) | 18% p.a. on TOD amount availed for the days, TOD is used. |
| 22 | Non-Submission of property/stock insurance | 0.075% fortnightly |
| 23 | Non-Submission of stock statement | 0.05% per Month |
| 24 | Maintaining Current Account with Other Bank while facility is granted under Sole Banking (Applicable where specific permission is not taken by the customer) | 0.075% fortnightly |
| 25 | Higher levy in case account conduct deteriorates | @2% penal interest on existing ROI on the amount outstanding |
| 26 | Not complying with documentation for the credit facility. | 0.075% fortnightly |
| 27 | Intra Day Peak utilization charges | 18% per annum on the excess utilization over and above the set limit. |
| 28 | Non submission of UFCE declaration | 0.075% fortnightly penal charges |
| 29 | Non submission of Renewal documents | 0.075% penal Charges on the outstanding amount in case the documents are not submitted on or before duedate. |
FEES & CHARGES
Note: All the above charges/fees/Commissions are exclusive of taxes.
All the fee should be made vide Account payee Cheque / Pay order /Demand draft/ Fund transfer/Autodebit/ RTGS/ NEFT / ECS.
* NIL foreclosure charges / pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect. Service Tax is also applicable over and above the regular charges.
*Service tax wherever applicable will be charged extra.