SERVICE CHARGES FOR LOANS WITH EFFECT FROM 01.07.2017
| Business Loan Application Form Charges | Rs.50/- |
| Housing Loan Application Form | Rs.50/- |
| CC/OD, Personal Loan & Other Loan Application Form | Rs.50/- |
| Loan / OD Against Deposit / Documents | Free. |
| Share Application Form | Free. |
| Share Entrance Fee | As per Bye-Laws : Rs.100/-. |
| a | For Term Loan New or Additional ( 0.30% of these charges are to be recovered at the time of Receipt of Application ( Non-Refundable ), Remaining at the time of disbursement of sanctioned limit / Loan @ 0.40% ) | 0.70% of Loan Amount, except in case of Overdraft & Term loan against Own Deposits. For loan against Gold / NSC / LIC Minimum Rs. 500/-, For other Loans Minimum Rs.750/- & Maximum Rs.2,00,000/- in all the cases. For Part Conversion of CC/OD in Term Loan : Processing charges to be taken as per renewal of OD/CC only. |
| b. | Cash Credit / Overdraft : Fresh or Additional | 0.70% of Loan Amount, Minimum Rs.1,000/- & Maximum Rs.2,00,000/-. |
| c. | Processing Charges for CC / OD Renewal | 0.20% of Loan Amount, Minimum Rs.1,000/- & Maximum Rs.50,000/-. |
| d. | Review of Term Lons ( Including Priority Sector ) | NIL. |
| e. | Ad-hoc / Excess Drawals charges for CC /OD | 1% Process Fee upfront for AD-Hoc Limit. |
| Charges for Amendments of any sanctioned Terms & Revalidation, Restructuring and Rephasement | Rs.1,000/- Per Occasion. |
| Gold Appraisal Charges | Rs.2.00 Per 1,000/- or part thereof. |
| Insurance Charges ( In Gold Loan ) | Rs.5/- Per Gram on Gross Weight. |
| Equitable Mortgage Charges ( To be levied for Original and extension of mortgages ) | ( As per prevailing relevant applicable Stamp Act ) |
| a. | For all Loan A/c.s & CC A/c.s (new) | Actual Stamp Duty +
Advocate fees + Other Charges, if any. |
| b. | CC / OD renewal | Actual Stamp Duty +
Advocate fees + Other Charges, if any. |
| c. | Additional CC / OD Limit ( I.e. Adhoc Limits ) | Actual Stamp Duty + Advocate Charges, if any. |
| i) | Limit upto Rs.1,00,000/- | Free. |
| ii) | Limit between 1,00,000/- to 5,00,000/- | Free. |
| iii) | Limit exceeding 5,00,000/- | Free. |
| Inspection Charges per Occasion in respect of Assets Hypothecated / Mortgaged | NIL |
| a | Sanction Limit Upto Rs. 5,00,000/- | Rs. 500/- |
| b | Sanction Limit Above Rs. 5,00,000/- | Rs.1,000/- |
|
Penalty for non / late submission of Stock Statement to be recovered on Monthly Basis till submission of statement. | Rs.100/- P.M. of Default + 2% interest on Balance amount.
To be debited on 10th of next month. |
| Charges for Non-Renewal of CC / Technical Review | 2% over & above contracted rate. |
| Temporary Overdraft Limit Charges for CC/OD | ROI + 2% . |
| Ad-hoc / Excess Drawals charges for CC /OD | ROI + 2% . |
| ( Prior approval from competent Authority is necessary for Temporary Overdraft Limit /Ad-hoc / Excess drawals) | ( Except Overdraft against Deposit)
|
TOD Charges for Current Accounts
( Prior approval from competent Authority is necessary for granting TOD ) | Int. @ 21% p.a. on amount of TOD. |
| Discounting of Documentary / Supply Bills and Cheques | 0.25% of the amount discounted + Interest applicable @ 21% p.a. |
| Commitment Chareges on Unutilized portion of sanctioned working Capital Credit Limits/ Overdraft Limits. Only for CC /OD Limit of Rs.1 Lac & above | NIL |
Prepayment Charges
In case of Project Finance is taken over by other Bank / Institution. | 1% on Balance Amt. OR Drawing Power, whichever is higher. |
| a. | 1st Notice | Based on Sanctioned Amount :
i)Upto Rs.25,000/- Rs.50/- + Actual Postal Charges,
ii)Above Rs.25,000/- Rs.100/- + Actual Postage Charges. |
| b. | 2nd Notice | Rs.100/- I Rs.100/- |
| c. | Notice for Cases under 101 | Rs.100/- I Rs.100/- |
| d. | Notice under Legal Case | Actual Advocate Charges. |
| e. | Notice under Court Case | Actual Advocate Advocate's Charges + postage. |
| Visit Charges ( Per Visit For Recovery ) | Minimum Rs.300/- + Actual Charges. |
| Charges for acting as a custodian to the vehicles seized by the Bank for recovery in the borrowers account | |
| a. For 2 Wheeler | Not Applicable. |
| b. For 3 Wheeler | Not Applicable. |
| c. For 4 Wheeler & All other Vehicles | Not Applicable. |
| Encashment of NSC's / Redemption of Securities | Rs. 25/- per visit + Actual Expences, whichever is higher. |
| Deliveries of Pledges | Not Applicable. |
| Sale of Lease / hypothecated security by auction for recovery of loan amount Gold, Vehicle, House Appliances | NIL |
| Sale / release of seized / hypothecated assets - Vehicle / Machinery / Household Appliances | Free |
| Accrued Interest Certificate ( Both Dep & Loan ) | Free |
| Solvency Certificate | Rs.100/- Per Thousand or Part Thereof. Maximum Rs.2,000/- |
| a | Fully Secured Guarantee ( 100% Cash Margin )
( Those having collateral security and account is satisfactory 20% FDRs of Bank Guarantee Amount Required )
| 0.50% p.a. on the amount of guarantee, in case of our Guarantee ( Minimum Rs.100/- & Maximum Rs.500/- ). In case of Other Bank's Guarantee, Their Charges + 0.10% p.a. on the Amount of Guarantee.
1.00% p.a. for Guarantee given on Collateral Security + Rs.100/- Service Charges. |
| b | Partly Secured | As per sanctioned terms. |
| | (processing charges) One time transaction on limit sanctioned | |
| a. | For casual LC | Rs.150/- per lac, Max Rs.3,000/- |
| b. | For Regular LC Limit | Rs.100/- per lac, Max Rs.2,000/- |
| c. | Commitment Charges | 0.25% of LC amt p.a. Or part thereof. |
| d. | Commission | 0.25% of LC amt p.a. Or part thereof. |
| e. | Postage | Rs.100/- per LC. |
| | ( All such charges are to be informed to the Customer in writing at the time of opening of LC. The Borrower must confirmed the acceptance of this charges before opening of LC. ) | ( In all the above cases, Other Bank's Actual Charges to be taken additionally ) |
Note:
(*) The above charges are exclusive of prevailing Goods & Service Tax (GST), Presently @ 18.00 %* of
Service Charges. *GST are subject to change, as per Government notification from time to time.
The above charges are not applicable to individual Staff Members or a retired staff member, who retired on superannuation only &
in case of joint Account, where staff name appeared as first name only.
In case of Loans other than Staff loans scheme as per memorandum of settlement, Above charges are applicable as it is, without
without any concession threin.