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 SERVICE CHARGES ON LOANS AND ADVANCES W.E.F NOVEMBER 12, 2018 (Charges are excluding applicable taxes)

Processing Fee
Processing Fee (PC) is applicable for all types of advances on the aggregate sanctioned limit.

For Fresh Limits
Amount Slab – Loan/Limit Working Capital Facilities (Fund based limits) : OD/CC Working Capital Facilities (Non Fund based limits)
Term Loans (other than structured products)
Upto Rs.25,000 Nil Nil Nil
Above Rs.25,000 - upto Rs.10 lacs 1% 0.40% 1.25%
Above Rs.10 lacs to Rs.1.00crs 0.75% With a minimum of Rs.10,000/- 0.60%
Above Rs.1.00 cr 0.50% With a minimum of Rs.75,000/- 0.50% With a minimum of Rs.60,000/-
Adhoc/TOD 1% of the adhoc limit for the tenor in addition to the additional ROI. NA NA
 
For Review /Renewals:
Amount Slab – Loan/Limit Working Capital Facilities (Fund based limits): CC/OD Working Capital Facilities (Non Fund based limits) Term Loans(other than structured products)
Upto Rs.25,000 Nil Nil Nil
Above Rs.25,000 0.25%  0.25% .
PC to be collected upfront on acceptance of sanction by the customer.
- For loan/OD against Government Securities, NSCs, KVPs, LIC polices 50% of the above fee to be collected.
Charges for Modification of accepted sanction Terms:
Amount Slab – Loan/Limit Amount per modification
Upto Rs.2 lacs Nil
Above Rs.2 lacs & upto Rs.25 lacs Rs.2500/-
Above Rs.25 lacs to Rs.1.cr Rs.10000/-
Above Rs.1.00cr Rs.25000/- or 0.1% whichever is higher
Internal Rating Validation Charges:-
Amount Slab – Loan/Limit Amount per Rating
Upto Rs.2 lacs Nil
Above Rs.2 lacs & upto Rs.25 lacs Rs.250 per rating
Above Rs.25 lacs Rs.1000 per rating
Internal Rating validation charges for LAD & Gold Loans (Agri Gold Loan, General Gold Loan & Gold Power) – Nil
Report Generation Charges of CIBIL / CRIF / other approved Credit information agency:-
Consumer CIBIL /CRIF Rs. 50+ applicable tax per Report %
Commercial CIBIL /CRIF Rs.915+ applicable tax per Report
Pre Closure Charges For Working Capital Accounts CC/OD (other than Micro & small enterprise which is given below):-
Facility Charges %
Within 6 months of initial sanction Above 6 months of initial sanction & review /renewal accounts
Working Capital 1% of the limit. - Nil if closed with own funds
- If take over, 1 % of the limit

Accounts marked under Exit: Branch should charge 0.25% of the facility availed in case of accounts is not closed within the stipulated time frame.

Pre-Payment / Pre closure/fore closure/ closure Charges for Term Loans (other than Micro & small enterprise which is given below):-

Facility Charges %
Closure with own funds Closure by takeover by other banks/FI
Within 12 months of First disbursement After 12 months of First disbursement At any time period after first disbursement
i. Term Loan of floating interest rate other than in individual name ii. Fixed interest rate Term loans inclusive of individuals 2% of the amount pre paid/ closed 1% of the amount pre paid/ closed 2% of the amount taken over.
Term loan in individual name under floating interest rate Nil Nil Nil

Note: If co-applicant is non-individual to the individual primary applicant of the TL, then pre closure charges should be collected as applicable.

Pre-Payment / Pre closure/fore closure/ closure Charges for credit facilities of Micro & Small Enterprises :-
Credit facilities of Micro & small Enterprises under floating rate Nil
Credit facilities of Micro & small Enterprises under fixed rate loans upto Rs.50.00lacs Nil
 
Switch/ Swap Charges :
For Reduction in existing MCLR rate
Particulars Switch Charge
Reduction from existing MCLR rates (other than mandatory revision as per RBI guidelines) 0.25% of the outstanding.

Switch charges for conversion from BR/BPLR to MCLR: Nil

Commitment Charge:-  
Working Capital (To be imposed on half yearly basis) (CC/OD)
Half Yearly Utilisation Level Commitment Charges %
Below 60% 1% p.a of the unutilzed portion
Term Loan
Term Loan Nil
Documentation Charges
Loan Amount Charges
For loans above Rs. 1 crore & upto Rs. 5 cr Flat fee of Rs.10,000/
For loans above Rs. 5 crore Flat fee of Rs.20,000/
 
EM Creation Charges:-
Loan Amount Charges
Up to Rs.2 lacs Nil
Above Rs.2 lacs Rs.100/lac, maximum of Rs.5000
CERSAI Registration Charges (wherever applicable):
  • On immovable properties : Rs.1000/- + actual ( only once even if there are multiple properties)
  • on movables and intangibles, & higher value educational loans where collateral security is accepted as per norms: Rs.500/- + actual ( only once where there are no immovable property charge creation)
  • on Micro credit loans, government sponsored scheme loans like Mudra, PMAY, PMEGP, CGTMSE registered loans, CGFSEL registered loans, PMJDY loans , CGFSSD etc : No service charges. Only actual charges incurred to be recovered
 
Inspection Charges (Other than Retail Loans):-
Loan Amount Charges
Upto Rs.25,000/- Nil
Above Rs 25,000/- to Rs.2 lacs 0.50% of the limit with a minimum of Rs.500/-pa
Above Rs.2 lacs- Rs.50 lacs Rs.250/- per lac with a minimum of Rs.1,000/-p.a and maximum Rs.10,000/-pa
Above Rs.5 cr Actual expenses + Rs 10,000/- subject to a minimum of Rs.30,000/- p.a.
 
Delayed Submission of Financial Reports: 2% over and above the ROI quoted for the delay period.
Charges for Issuance of No Objection Certificate for each approval :-
Loan Amount Charges
Upto Rs.25,000/- Nil
Above Rs 25,000/- to Rs.2 lacs 0.50% of the limit with a minimum of Rs.500/-pa
Above Rs.5 cr Actual expenses + Rs 10,000/- subject to a minimum of Rs.30,000/- p.a.
Charges for Issuance of No Objection Certificate for each approval :-
Loan Amount Charges
If there is dilution in our security coverage For Limit below Rs.10 crore Minimum of Rs.10,000/-
For limits of Rs.10 crs and above Minimum of Rs.25,000/-
If there is NO dilution in our security and issuance of capital raising, debentures and other purposes Minimum of Rs.10,000/-
Charges for Issuance of Solvency Certificate for each approval:-
Up to Rs.2 lacs Rs.2,000/-
Above Rs.2 lacs and upto Rs.25 lacs Rs.5,000/-
Above Rs.25 lacs and upto Rs.50 lacs Rs.10,000/-
Above Rs.50 lacs Rs.25,000/- or 0.10% of the requested amount whichever is higher
 
Charges for Issuance of No Due Certificate for each approval:-
Limits Charges (Rs.)
Up to Rs.2 lacs Nil
Above Rs.2 lacs and upto Rs.25 lacs Rs.200/-
Above Rs.25 lacs Rs.500/-
 
Particular Charges (Rs.)
Charges for enquires relating to old records ( more than 12 months) Rs.200/-per query upto 2 years & thereafter additional Rs.100/- per additional year for each item.
 
Issuance of Credit Opinion Report:-
Loan Amount Charges (Rs.)
Up to Rs.2 lacs Nil
Above Rs.2 lacs Rs.1000/-
 
Safe Custody of Documents Charges:-
Type of Custody Charges (Rs.)
Sealed cover Rs.1000/-
Sealed Box Rs.5000/-
 
Charges for effecting Standing Instruction/ECS/PDC:-
Particular Charges (Rs.)
For Setting an Instruction Rs.100/-
For Amendment/Modification Rs.100/-
For every ECS transaction, Rs.4.50 to be charged.
 
Cash Handling Charges:-
Sanctioned Limit Free Cash Per Month Charges (beyond free cash limit)
Upto Rs 1 crs Upto 20% of the sanctioned limit Rs 2.00 per Rs 1000
Above Rs 1 crs and upto Rs 5 crs Rs 10 lacs Rs 2.00 per Rs 1000
Above Rs 5 crs Rs 15 lacs Rs 2.00 per Rs 1000
Transaction Entry Charges: At Rs.2 per entry if the number of transaction (excluding internet & branch induced debits and credits) exceed 50 per quarter.
Charges for Notice – Advance Accounts Fund Based/Non Fund Based/Devolved Accounts
  • Registered notice sent to customer -Rs.300 per notice
  • For Legal Notice – Rs.1000 per notice