Type of ChargeApplicable Charges
Processing Fee / CommissionUpto 2% of Facility Amount
Renewal FeeUpto 1% of Facility Amount
Stamp Duty/Statutory chargesAt Actual
Legal/Valuation/Title Search Report/ROC Search/etcAt Actual
Charge creation with ROCAt Actual charged by empaneled vendor
Premature Closure of credit facilities Non MSE’s (Micro & Small Enterprises):
4% of the total credit facility amount.

MSE’s (Micro & Small Enterprises):
If customer is prepaying the loan to reduce business liabilities from own sources: No charge

In case of Takeover of loan by other bank: 2% takeover charge.
Late Payment PenaltyNA
Drawings beyond DP/Limit As per Bank’s norms, not exceeding 18.00% p.a. 
Security / Collateral related
Creation of Security -
1. Pledge (of Securities) formalities not completed.
2. First/Second charge not created
3. Personal guarantees not furnished
0.075% per month, On released amount , In case security not created
within 45 days or higher period as allowed by the bank.

Non submission of valid Insurance, Stock and Book Debts statement
Stock/Book Debt Statement : 0.05% per month on last DP available
Property/stock/Plant & Machinery insurance : 0.083% on limit/uninsured value per fortnight

Unsatisfactory cumulative inflow in our OD account on quarterly basis.
Rs 50,000/- per month to be debited on 24th of next month
Non-Compliance of General /Takeover ConditionsAs security documents must be complete in all respect, pendency shall be penalized
• 45 Days of Expiry – to the extent of Utilization limit will be dropped.
• 60 days of Expiry – Limit will be zeroed and penal interest as per prevailing Bank norms shall apply not exceeding 18% will be charged.
Commitment Fees
Minimum 40% utilization on Quarterly basis.
0.50% p.a.
Property Document Retention Charges Rs 1,000/- per calendar month, after 3 calendar months from the date of closure of all loans/facilities linked to the collateral
Renewal documents are required to be submitted 60 days prior to the expiry date. Non-Submission of renewal docs as specified in terms and condition matrix0.15% per month for the period of delay in renewal. No penalty in case, customer has submitted request letter and standard documents required for renewal.
Not complying with documentation for credit facilities 0.15% per month on the average utilization
Solvency CertificateUpto 1% of the solvency certification value
CERSAI ChargesAt Actual
Property Swapping/Partial Release0.10% of Principle outstanding subject to Minimum Rs.10,000/-

All charges are exclusive of GST