SERVICE CHARGES ON LOANS & ADVANCES
( INCLUSIVE OF SERVICE TAX )

SERVICE CHARGES ( W.E.F. 1ST MAY, 2016 )
SR.NO. PARTICULARS SERVICE CHARGES

33.
“A”

Interest on Cheque / DD / Pay Order Purchase

Rs. 2/- per Rs. 1000/- or part thereof

34.
“M”

 

 

 

 

Service Charges :

( Loan against Fixed Deposits and Staff Loans are exempted )

( Non Refundable )

    1. Upto Rs. 1.00 Lac : Rs. 100/-
    2. Rs. 1,00,001 to Rs. 5,00,000/- : Rs. 200/-
    3. Rs. 5,00,001/- to Rs. 25,00,000/- : Rs. 500/-
    4. Rs. 25,00,001 and above : Rs. 1000/-

( Amount to be collected at the time of acceptance of loan application )

35.
“M”

 

 

Processing Charges :

All types of new / fresh Loans & Advances ( Loans against Fixed Deposit/s and Staff Loans are exempted )

 

 

 

  1. 0.75 % of loan applied amount ( subject to maximum of Rs. 75000/- ) to be collected at the time of acceptance of loan application
  2. 50 % amount of processing charges collected to be refund in case of rejection of the proposal

36.
“M”

 

 

Processing Charges :

For renewal of Cash Credit / Over Draft ( Staff Loans are exempted )

 

0.30 % of renewal of Cash Credit / Overdraft Facility and 0.75 % of additional / adhoc limit applied
( Subject to maximum of Rs. 75000/- )

37.
“M”

 

 

Inspection of Unit / Visit Charges :

 

 

  1. Upto 10 km : Rs. 100/-
  2. 10 km. to 50 km. : Rs. 500/-
  3. More than 50 km : Rs. 1000/-

( Actual fare / other charges / out of pocket expenses to be collected separately )

38.
“M”

 

 

Loan Notice / Reminder/s

  1. Reminder Notice - Rs. 50/-
  2. Demand Notice D2 : Rs. 75/-
  3. Demand Notice D3 : Rs. 100/-
  4. Sec. 49 Notice Rs. 100/-
  5. Final Notice : Rs. 200/-
  6. Gold Loan Auction Notice : Rs. 200/-

39.
“M”

Charges of Equitable / Legal Mortgage

Expenses at actual plus Advocate Fee

40.
“M”

 

Application Form Fee :

  1. Loan Application
  2. Regular Membership Application

 

    1. Rs. 100/-
    2. Rs. 25/-

41.
“M”

Gold valuation Charges

Rs. 3/- per gross grams

42.
“M”

 

Commitment charges for non avail of loan within 3 months after sanctioned

0.50 % of the sanctioned amount.

43.
“M”

 

Document Handling Charges under Letter of Credit ( for issue as well as for discount

  1. Rs. 300/- per transaction upto Rs. 25.00 Lacs.
  2. Rs. 500/- per transaction above Rs. 25.00 Lacs.

44.
“M”

Noting and / or Releasing of Charge of NSC / KVP / LIC

Rs. 150/- per instance

P.S. :
  1. “M” alphabet indicated in column Sr.No. stands for particular service charges be debited manually.
  2. “A” alphabet indicated in column Sr.No. stands for particular service charges will debited automatically through our computer software.