| Description of Charges |
Loan Against Security |
| Processing Charges |
Upto 2% of the overdraft limit
with minimum of Rs.1250/- 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. |
| Charges for realization of proceeds
on maturity in respect of Fixed Maturity Plans (FMPs) |
Rs. 500/- per instruction |
| 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 |
