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Commodity Businesses

As a clearing bank of India’s leading commodity exchanges, HDFC Bank offers all participants in the commodity trading value chain a host of finance and bank services to meet their needs.

HDFC Bank is the clearing bank for NCDEX (National Commodity & Derivative Exchange Ltd), MCX (Multi Commodity Exchange of India Ltd) and NMCE (National Multi Commodity Exchange of India Ltd).

Commodity Exchange Business

  • Offer e-broking to your customers via our payment gateways
  • Get real-time access and view of your accounts
  • Improve efficiency of your payments and disbursements
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Processors And Manufacturers

  • Meet your working capital needs with overdrafts or cash credit
  • Get special credit for your international trade needs
  • Enjoy efficient collection of documents, payments and disbursements
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Market Participants

  • Get term loans to invest in your crops and farms
  • Avail of a loan against stock in your warehouse
  • Enjoy a current account tailormade for commodity traders
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Farmers And Agriculturists

  • Enjoy the services of a dedicated trade finance desk
  • Get term loans to invest in your agri business
  • Avail of a loan against stock in your warehouse
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Tax Payments

  • Pay your taxes in just a few clicks, from wherever you are
  • Make payments after banking hours and on bank holidays
  • Settle your taxes on a completely secure platform
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Penal Fees & Charges


Please note the following Penal fees & charges applicable based on the instance. This is also communicated in our offer/ sanction letter.


Sr. No.

Instance

Charges per instance

1

Late payment penal charge/s on delayed payment of EMI(s)

Up to 2% p.m. penal charge (from date of default to regularisation) – computed in absolute terms + relevant GST will be applicable on the outstanding EMI amount(s) per month on a cumulative basis.

2

Delay in submission of documents for disbursement or renewal of facilities on time

Up to 2% p.m. penal charge (from date of overdue to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.


Not applicable on ODFD, 100% FD backed facility/ies, PSR & DRUL lines.

3

Delay in submission of Letter Acknowledging their Debt (LAD) 

Up to 2% p.m. penal charge (from date of overdue to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.

4

Non-compliance/ Breach of facility covenants

Up to 2% p.m. penal charge (from date of default to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.

5

Non-submission or delay in submission of Insurance for Property/ Stock/ Plant & Machinery held as collateral for facilities.

Up to 2% p.m. penal charge (from date of policy expiry to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.


Not applicable on ODFD, 100% FD backed facility/ies, PSR, DRUL and or lines where the said collateral is not pertinent.

6

Non-submission or delay in submission of Stock Statement(s)

Up to Rs. 5,000/- + relevant GST per delayed submission. If the submission isn’t received within 15 days from the submission due date, Bank will drop the drawing power on the facilities.


Not applicable on ODFD, 100% FD backed facility/ies, PSR, DRUL & Non-DP backed lines.

7

Incremental Interest on Temporary Overdrafts (TOD) 

Up to 1.5% p.m. + relevant GST computed in absolute terms on the TOD amount availed for the days, TOD is used.

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