| Description of Charges |
Loan Against Security |
| Processing Charges |
Upto 2% of the overdraft limit with minimum of Rs.1000/-
at the time of setting up the limit or enhancement or annual renewal.
(In case of mid-term enhancement of limits, processing fees will be
charged only on a pro-rata basis) |
| Pre-payment charges |
Nil |
| Duplicate no due certificate / NOC |
Nil |
| No Due Certificate / No Objection Certificate (NOC) |
Nil |
| Solvency Certificate |
Not Applicable |
| Charges for changing from fixed to floating rate
of interest |
Not Applicable |
| Charges for changing from floating to fixed rate
of interest |
Not applicable |
| Stamp duty & other statutory charges |
As per the rates applicable at the place of execution
of Loan Agreement |
| Annual Maintenance Charge (AMC) |
Upto 0.5% of the overdraft limit with minimum of
Rs. 500/- subject to maximum of Rs. 10,000/-.
Rs.500/- for accounts where AMC was defined as NIL at the time of execution
of Loan Agreement.
Minimum Rs. 500/- and maximum Rs. 10,000/- where AMC has been set as
a percentage of the Limit |
| Charges on drawings in excess of Limits ( due to
application of interest or revaluation of portfolio under pledge) |
Penal interest 18% p.a. plus tax on the amount drawn
in excess of the Limit. This will be calculated on a daily product basis.
Important Note :
Monthly interest charge has to be serviced in full by way of credit
to the LAS Account in the immediately following month, failing which
the Accounts are liable to be classified as NPA . In such cases, Bank
will excercise its right to sell/ redeem the securities in the market
after providing reasonable notice to Clients. |
| Charges for realization of proceeds on maturity in respect of RBI Bonds |
Rs. 100/- Per Certificate subject to a minimum of Rs. 250/- per request |
| Charges for collection of proceeds on maturity/ survival
benefit/ surrender benefits in respect of Life Insurance Policies |
Rs. 100/- per Policy, subject to a minimum of Rs.
250/- per request |
| Charges for collection of proceeds on maturity of
NSC / KVP |
Rs. 50/- per certificate subject to a minimum of
Rs. 250/- and a maximum of Rs. 1500/- per collection on maturity. In
case the securities have to be encashed due to default, charges will
be Rs. 25/- per certificate. |
| Sale of security in the event of default |
All brokerages, transaction charges and other levies
as per actuals |
| Legal & incidental charges |
As per actuals. |
| Cheque Book Charges |
Upto 100 Cheque leaves issuance FREE per month. Additional
cheque leaves during the month will be charged @ Rs. 2/- per leaf |
| TRF Processing Charges |
Rs.10/- Per TRF |
| Pledge creation fees |
Rs.5/- per NSC/KVP/Bond/LIC/MF Unit Certificate |
| De-pledge fees |
Rs.5/- per NSC/KVP/Bond/LIC/MF Unit Certificate on
release of charge (de-pledge, lien removal etc). |
| Charges in case limit Drops to Zero |
Rs.500/- per month |
