Penal charges for the Corporate banking segment

1

Foreclosure charges for Take over cases

Up to 4% of loan Principal outstanding for Term loan and 4% of the sanctioned amount for Working Capital Facility (plus taxes). Micro & Small Enterprises as defined under MSMED Act 2006 are exempted irrespective of the limits/out standings.

2

Charges for Overdue / delay / default of any monies payable

Up to 4% over the contracted rate of the transaction

3

Penal charges on customer exposures, overdue for renewal of credit facilities

Up to 4% over the contracted rate of the transaction

4

Higher levy of charges in case account conduct deteriorates

Up to 4% over the contracted rate of the transaction

5

Breach of facility covenants (if any)

Up to 4% over the contracted rate of the transaction

6

EMI bounce charges for term loans

Rs 450 (plus taxes) Per EMI bounce

7

Penal charges for customers not submitting the Letter Acknowledging their Debt (LAD)

Up to Rs. 5000 per week from the due date

8

Non-Submission of property/stock/Plant & Machinery insurance

Up to Rs. 5000 per week from the due date

9

Non-Submission of stock statement

Up to Rs. 5000 per week from the due date

10

Maintaining Current Account with Other Bank while facility is granted under Sole Banking (Applicable where specific permission is not taken by the customer). Notice to be sent for immediate closure

Up to Rs. 5000 per week from the date identified, till the closure

11

Not complying with documentation for the credit facility.

Other than security document, Up to Rs. 5000 per week from the due date

12

Delay in submission of trade related documents i.e., IDPMS & EDPMS

Up to Rs. 5000 per week from the due date