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Sr. No.
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Particulars
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Service Charges Excluding GST
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1
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(A) Processing charges for FB & NFB Working Capital Loan
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FB & NFB Working Capital
Amount/Status
Up to Rs 25000: NIL
Above Rs 25000 ( Fresh/review): Rs.350/Lakh or part thereof
Cap for Priority Sector Rs.35.00 Lakh
Cap for Exporters Rs.17.50 Lakh Other Advances No cap
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Same processing charges for FB and NFB facilities as proposed above
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(B) Processing charges for DL/TL/DPG/Corp Loan
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(Fresh/Additional Limit) 1% of the limit sanctioned
Cap for Exporters: Rs. 50 Lakh
Cap for Priority Sector: Rs. 100 Lakh
Other Advances: No cap
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(C) Processing charges for Real Estate Advances and Future Rent Receivables
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Real Estate Advances
2% of the limit without cap
Real Estate Advances under Future Rent Receivables Scheme (Greater than Rs.20 Cr)
2% of the limit without cap
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(D) Review/Annual Review of short Term loan /DL/Corporate Loan/TL/DPG
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(other than Retail Loan & Loan against Future Rent Receivables)
0.10% without Cap
(Above charges will also be applicable for review/rollover of Short Term Loan)
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(E) Processing charges for giving agreement in principle in respect of advances account.
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Upto Rs 5 Crore – Nil
Above Rs 5 Crore to Rs 10 Crore – Rs 25000/-
Above Rs 10 Crore – Fee of Rs 2 Lakh to be obtained upfront (non-refundable). (Other unified charges as applicable to be recovered on sanction)
May be chargeable only when communicated in writing to the borrower
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(F) Commitment Charges
(Fund based facilities)
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To be charged on the entire unutilized FB limit
AAA & AA rated customers - 0.10% p.a.
A rated customers - 0.20% p.a
BBB rated customers - 0.30% p.a.
BB and below rated customers - 0.40% p.a.
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(G) Commitment Charges
(Non-Fund based facilities)
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Commitment charges will be levied in case of non-utilization / under utilization of Non Fund based credit facilities with limits of Rs.1 Crore and above @ 0.25% p.a for the unutilized portion.
Where average utilization is 60% and above of the limit or as indicated in QIS statement, no commitment charges to be recovered separately.
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2
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Guarantees Commission on inland guarantees
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- Performance Guarantee: Minimum commission per BG Rs.1500/-
| Rating |
For BG upto 3 years (% p.a.) |
For BG above 3 years (% p.a.) |
| AAA+ / AAA / AAA- / Government Guarantee |
1.00 |
1.10 |
| AA+ / AA / AA- |
1.20 |
1.30 |
| A+ / A / A- |
1.50 |
1.60 |
| BBB+/ BBB/ BBB- |
2.00 |
2.10 |
| BB and below / Unrated |
2.40 |
2.50 |
- Financial Guarantee: Minimum Commission per BG RS.1500/-
| Rating |
For BG upto 3 years (% p.a.) |
For BG above 3 years (% p.a.) |
| AAA+ / AAA / AAA- / Government Guarantee |
1.25 |
1.35 |
| AA+ / AA / AA- |
1.45 |
1.55 |
| A+ / A / A- |
1.75 |
1.85 |
| BBB+/ BBB/ BBB- |
2.65 |
2.75 |
| BB and below / Unrated |
3.00 |
3.10 |
- Commission on Inland Guarantee for MSME unrated accounts will be applicable in line with BBB (both performance and financial guarantee) accounts as above.
Note:
- SFMS/SWIFT/Courier charges of RS.150 to be collected per guarantee.
- Charges to be recovered for the period including claim period, if any at the time of issue. Part of a month to be treated as complete month.
- Where 100% cash margin (including FDR) is provided, 25% of normal charges as above is applicable.
- Other charges, if any, as applicable.
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3
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Commission on Inland guarantees guaranteed by other banks / Letter of comfort
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In respect of high value guarantees > Rs 5 cr. the charges may be recovered on an annual basis, at the request of the customer and subject to the branch being confident of recovery at the beginning of each year.
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4
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Refund for guarantees tendered for cancellation before the expiry date. Extended period of validity of guarantee due to restraints imposed by Court Orders at the instance of constituents from meeting their obligations to beneficiaries, when guarantees are invoked.
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REFUND FOR GUARANTEES ON CANCELLATION: 50% of the commission charged for the unexpired period from the original date of issue / date of extension (part of month in unexpired period, to be ignored)
EXTENSION OF GUARANTEE : At the rates mentioned above in sr.no.2 calculated for the extended period (inclusive of claim period).
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5
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Documentation Charges
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(Fund Based only)
For Corporate accounts above Rs.1 Crore: 0.10% of limit with a maximum of Rs.25,000/- to be charged in addition to actual expenses incurred.
No documentation charges for LABOD/OD against bank’s own deposits, Loan against NSC,KVP, Govt. Securities & loan to staff members.
Note: When to be charged
New sanctions (Entire fund based limits including DPG, Usance LC an Financial Guarantees) At the time of obtaining the set of documents before disbursement.
Review of a/c with existing limits
No charge if no fresh / additional documents are obtained.
Review with increased limits
For the entire amount of reviewed limit.
Ad-hoc limits - At the time of taking documents for ad-hoc limits.
Obtaining LAD - No Charges
Other Conditions : a) In respect of fresh sanctions / new accounts branches should invariably recover the charges as above in cash or debiting account.
For issuance of No Objection Certificate or C.P.: Rs 10,000/- per occasion (no levy where Bank recovers issuing & paying agent charges as IPA).
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6
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Charges for carrying out inspection of securities charged to the bank
(for other than retail loans)
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Accounts with limits
Upto Rs.5 Lakh: Nil Above Rs.5 Lakh – Rs. 1 Crore – Rs 1,000
Above Rs.1 Crore - Rs.10 Crore – Rs.5,000
Above Rs.10 Crore - Rs.25,000 per location
In addition to the above actual conveyance and out of pocket exp. reimbursed to be recovered.
*Charges for stock audit of accounts with limits Rs 1/- crore and above assigned to concurrent auditors /auditors to be recovered on actual basis as per schedule / charges decided by Zonal authorities.
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7
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Bills purchased/ Discounted or advances there against –Exchange / Commission
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For cheques/ bills
i) a) On instruments drawn on our Branches / other Banks where we have branches : Exchange @ 35piase/Rs.100 . plus Collection charges
b) For instruments drawn on other Banks where we do not have branches: Exchange @77 Paisa /Rs.100 Plus collection charges
Note: The above covers interest for 10 days for (a) & 14 days for (b).
ii) a) On cheques/ bills returned unpaid penal interest
@ 2% +(1 year MCLR + 6.50%) p.a. from 11th/15th day of purchase as the case may be till the date of reimbursement.
b) Overdue interest to be charged @ 2% over the applicable rate (document rate) on cheques/bills from 11th/15th day of the case may be.
NOTES
- Usual collection charges as applicable for the respective slab i.e. Section II-1 in case of cheques and Section II-3 in case of supply / purchase bills are to be levied in all cases in addition to interest.
- Collecting Banks’ charges, if any, should be recovered in full.
- When the bills are tendered for discount under the Bills Rediscounting scheme, besides collecting the discount at the prevailing rates, normal service charges like actual conveyance and actual out of pocket expenses reimbursed etc in sending the bills to SIDBI/IDBI also to be collected.
- Date of actual reimbursement means:
a. Where a Bill is sent to our branch, the date on which funds are actually received at the Drawee Centre.
b. Where Bills are sent to other Banks or where instruments are returned unpaid, the date of reversal of the B.P. entry at the purchasing branch.
- Change of original instruction in respect of Bills Purchase discounted
₹ 50/- per request.
Mentioned rates are also applicable to all segments.
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8
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Charges for all inland L/Cs
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Unified charges (Commitment + Usance)
Sight LCs and upto 30 days usance: 0.70%
LCs beyond 30 days usance: 0.20% p.m (the period is to be calculated from the date of opening of LC to the last date of its validity + usance period of bill and part of a month should be construed as a completed month)
Commitment Charges:
Minimum Rs 5000/-
Extension /Amendment of LC
Rs 500/- per amendment plus unified charges applicable as per above for the extended period.
Rs 500 per amendment. In case of enhancement of the value of a Letter of Credit, charges as per above for establishing a Letter of Credit shall be recovered for the additional amount, on the outstanding liability under the LC.
Discrepancy fee:
0.15% Min.Rs..500/- Max.Rs..10000/-
Revolving Letter of Credit
As above at the time of opening and on each reinstatement on the amount of reinstatement, period of reinstatement and usance period of bill.
Note:
1) Charges are to be recovered when a LC is opened or amended and no refund may be allowed in any circumstances whatsoever, whether a credit is cancelled, is only partly availed of or expired wholly unavailed of.
2) Telex / Fax and cable charges shall be recovered additionally.
3) While issuing a standby LC, service charges equivalent to commission on Financial or Performance Guarantee be recovered, according to the nature of the guarantee provided by the standby LC.
Where 100% cash margin (including FDR) is provided 25% of Normal charges as above is applicable.
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9
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Other Charges A) Advising LCs
(only where LC opening Bank and advising Banks are different)
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Rs.1,000
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B) Confirmation of LC (only where LC opening Bank and confirming Bank are different)
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For addition of confirmation, 0.20% p.m. for the period of validity and usance on the amount of LC
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C) Transferable LCs
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For each transfer Rs 500 (whether in full or part thereof)
Where usance drafts are to be accepted , acceptance commission @ 0.10% p.m. to be charged; Min. Rs 500
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D) Negotiation charges
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Rs.1,000
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E) Clean payments received under LC
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Rs.500
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F) Attestation of commercial invoices
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a) At the time of negotiation / collection - Nil b) Each subsequent occasion – Rs 100 per invoice
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G) Guarantees due to discrepancies in documents
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For joining in customer’s guarantee or giving guarantees to other banks on behalf of customers, for discrepant documents negotiated under LC
a) if payment is credited to beneficiary’s a/c. – 0.25% with a minimum of Rs.500
b) if not parted with – Rs.500
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10
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Providing Credit opinion (including opinion & introduction)
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Rs.500
$ 100 in respect of foreign banks
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11
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Other Credit related Areas Allowing interchangeability within fund based limits, within non-fund based facilities and between fund based and non fund based limits.
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One time fee of 0.25% of the amount involved subject to maximum of Rs.25,000/-
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12
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Issuing of NOC of all types like granting NOC for ceding parri passu charge, exclusive charge, 2nd charge etc. (Not applicable in case of NOC / Exchange of parripassu letter in consortium accounts.)
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Rs.25 lakhs and below - Rs.1,000
Above Rs.25 lakhs to Rs.10 crore - Rs.10,000 Above Rs.10 crore - Rs.20,000
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13
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Revision of Repayment schedule in respect of TL/DL
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No Charges
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14
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Fee for opening / operating Escrow / TRA A/Cs. (Trust & Retention A/c.)
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Our share in limits:
Upto Rs 5 cr. – Rs 1 Lakh
> Rs 5 cr and upto Rs 10 cr. – Rs 2 Lakh
> Rs 10 Cr. – Rs 5 Lakh
The captioned charges are applicable for opening/ pertaining ESCROW/ TRA A/Cs (Trust & Retention A/C) to be recovered per annum. Periodicity of collection of above fees is annual.
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15
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(A) Charges for TEV study
(when report is not shared with the customer)
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Project cost:
Up to Rs 15 Crs.
TEV study by bank – Rs 1 Lakh
TEV study by Consultant – Consultant fee + Rs 25000
> Rs 15 cr and up to Rs 300 cr - 0.05% of project cost – Min. Rs 2 Lakh
> Rs 300 Cr ( Where TEV study is done by PFD)
Fees to be decided on a Case to case basis
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(B) TEV Study
(When report is shared with the customer)
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Project Cost:
Up to Rs 15 Cr:-
TEV Study by bank- Rs 3 Lakh
By consultant—Consultant fee + Rs 25000
>Rs 15 Cr and up to Rs 300 Cr.- 0.15% of project cost
>Rs 300 Cr – TEV Study by PFD- case to case basis.
(Consultant fee ceiling to be fixed by the authority , who approves empanelment of consultants)
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(C) Vetting / waiver of TEV Reports
Out of pocket expenses for TEV study
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Vetting of TEV Reports:
Where project cost > Rs 300 cr. – Rs 50000
Waiver of TEV Study:
(Wherever TEV study is waived by the competent authority)
Upto Project cost Rs 5 cr. – Nil
Above Rs 5 cr. – Rs 50000 (charges to be recovered in addition to usual proc. Charges for addl. Risk taken by the Bank)
All “out of pocket expenses” in addition to the TEV study charges are to be borne by the borrowers.
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16
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Mortgage Creation Charges
(Other than retail and Priority sector)
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Per borrowing entity with FB+NFB limits of
Below Rs.1 .00 Crore - Rs.5,000/-
Above Rs.1.00 crore to Rs.10 Crore -Rs.15,000/-
Above Rs.10 Crore - Rs.25,000/-
The charge specified is applicable per instance irrespective of the number of title deeds.
The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds also.
The charge is applicable for extension of equitable mortgage recorded in favour of other lenders also.
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17
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Prepayment charges on Term Loan / Demand Loan / Working Capital Demand Loan
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At the rate of 2% p.a. on the balance amount of loan and for the residual period of prepayment except Retail Loan including Loan against Future Rent Receivables/Staff Loans.
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18
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Modification Charges
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Present Rate of recovery of modification charges is as under.
Upto Rs.1.00 Cr - Rs. 5000
Rs.1.00 to 10.00cr - Rs.15000
Above Rs.10.00 cr - Rs. 25000
Illustrative instances of Modification at the request of the borrower where this charge will be levied :-
(i) Substitution of Collateral
(ii) Release of Personal Guarantee/ Collateral Security
(iii) Interchangeability of limits
(iv)Release/ Substitution of Personal Guarantee/Collateral Security
(iv)Change in Project/ items of machinery
(v)Ceding of charges on Assets
(vi) Rephasement of Loans/ Deferment of Loan instalments
(vii) Approvals for mergers & amalgamations)
(viii) Any other miscellaneous credit related approvals.
(ix)Modification in Rate of Interest
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19
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Revalidation of Sanction
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Working Capital - 25% of the applicable processing charges without Cap
Term Loan - 25% of the applicable upfront charges without Cap
Not applicable for Export Finance.
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20
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Lead Bank charges as Leader of Consortium on total assessed limits
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0.20% of the aggregate of Fund Based and Non Fund Based, subject to a minimum of Rs.5 lakhs and maximum of Rs.50 lakhs.
This will be in addition to the processing charges
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21
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Charges for copy of the documents for submission to any statutory authority
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Actual photocopying charges + Rs 1000/-
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22
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Charges if presence of bank official is required along with the documents for photo copies
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Actual photocopying charges + Rs 2000/- + Out of pocket expenses
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23
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Charges for cancellation of Bank’s lien on Government Securities / LIC Policies on closure of the Loan
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1. Within one month from the date of closure of the loan: at the rate of Rs 100/- per instrument + Out of pocket expenses
2. After one month from the date of closure of the loan: at the rate of Rs 200/- per instrument + Out of pocket expenses
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