MSME Loan
| Particulars | Minimum Card Rate |
|---|---|
| Login Fees* | Rs. 5000 |
| Processing Fee* | Minimum 1% of the facility amount |
| Renewal Fees | Minimum 0.75% of the facility amount |
| Overdrawn charges/security not perfected/covenant not complied with | 2% over and above the agreed rate |
| Commitment charges - Average Quarterly Utilisation < 50% | 0.5% of the unutilised amount. Charges will be levied on a quarterly basis. Applicable only for CC/OD facility |
| Penal Interest for non-submission of Stock Statement | @2% additional rate on existing ROI for non-submission of Stock Statement |
| Non-Submission of property/stock insurance | 2% additional Rate of interest on the amount out-standing. |
| ROC Filing charges | Rs 3000/- (plus taxes) per filing on availing bank empaneled vendor services. |
| Cheque Bounce Charges ( Term Loan) | Rs 500 (plus taxes) Per cheque bounce |
| Late payment penalty (Term Loan) | 24% per annum (plus taxes) on the amount out-standing from date of default. |
| Levy of Takeover Charges on customers in case the loan is taken-over by other Banks and NBFCs. | 4% of loan Outstanding for Term loan and 4% of the sanctioned amount for Working Capital Facility plus taxes as applicable. |
| Conversion Charges (For revising Rate of Interest – Fixed to Floating or Vice Versa) | 0.25% plus Taxes as applicable on Loan outstanding in case of Term loan and on Sanctioned amount for other Working Capital facility or 5000/- plus taxes as applicable which ever is higher |
*Non refundable
Charges|
Market Linked Benchmark (MLB): External Benchmark Rate is arrived based on FBIL 3 Month T Bill Rate. FBIL is an external rate benchmark published by Financial Benchmark India Private Ltd. Rate is published at http://www.fbil.org.in/securities.
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Charge Type
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Charges Applicable
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Free Cheque book (PAP cheque book of 25 leafs)
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10 cheque book free per month for limit amount equal to or greater than Rs. 2 Cr.
4 cheque books free per month for limit amount less than Rs. 2 Cr. |
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Charges beyond free limits
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Rs. 2 per leaf
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Charge Type
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Charges Applicable
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Local Cheque clearing
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Free
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Outstation cheque collection charges at bank/non-bank location
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Upto ₹ 5000 charge of ₹ 25/-
Above 5000 and upto and including ₹ 10,000 charge of ₹ 50/- Above ₹ 10,000 ad upto including ₹ 100000 charge of ₹ 100/- Above ₹ 100000 charge of ₹ 150/- |
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RTGS Inward
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Free
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NEFT Inward
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Free
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IMPS Inward
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Free
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Charge Type
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Charges Applicable
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Demand Draft and Payorder at branch locations
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Free upto 10 DDs or POs per month
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Charges beyond free limits
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Rs. 50 per DD
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Demand Draft at non-branch locations
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Rs. 100 per DD
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PAP Cheque payment
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Free
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RTGS and NEFT Outward Charges at branch (Free online)
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Free
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IMPS Outward
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Upto Rs. 50,000/- charges of Rs. 5/- per transaction, Rs. 50,001 to Rs. 2, 00,000/- charges of Rs. 15/- per transaction.
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Charge Type
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Charges Applicable
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Free Cash Deposit at home location
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10% of the sanctioned limit per month
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Charges beyond free limits
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Rs. 3/1000
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Cash Deposit at Non-Home location
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1% of the sanctioned limit per month
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Charges beyond free limits
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Rs. 4/1000
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Cash Withdrawal at home location
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Free
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Cash Withdrawal at Non-Home location
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Free upto Rs. 50000/- per day by self or third party, beyond which charges of Rs. 4/1000
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Charge Type
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Charges Applicable
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stop payment single cheque
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Rs. 100/- per cheque
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stop payment series
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Rs. 150/- for a series of 25 cheques
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Outward cheque return charges for financial reasons
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Rs. 50/- per cheque
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Outward cheque return charges for technical reasons
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NIL
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Inward cheque return charges for financial reasons
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Upto 2 cheques Rs. 350/- per cheque, 3-5 cheques Rs. 500, 6th cheque onwards Rs. 750 per cheque
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Inward cheque return charges for technical reasons
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NIL
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Standing instructions set up
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Free
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Standing Instructions failure (return)
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Rs. 200/- per return
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ECS/NACH Return due to financial reasons
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Rs. 500/- per return
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SMS Alerts
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Rs. 25 per Quarter
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Charge Type
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Charges Applicable
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Balance Certificate at Branch (Online Free)
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Rs. 250/- per instance
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Previous Year balance and interest statement
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1 free per annum, more than 1 Rs. 300/- per statement
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Signature verification certificate/Photo Attestion/Address Confirmation
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Rs. 50/- per instance
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Stock Statement non-submission charges
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Rs. 750/- per month/Quarter
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Duplicate TDS certificate
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Rs. 100/-
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Duplicate account statement Print (Free Online or on email)
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Rs. 200/-
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DD/PO revalidation/cancellation
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Rs. 100/-
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Charge Type
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Charges Applicable
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Cheque pickup Oncall per instance
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Free one pickup per day (More than once a day Rs. 50/- per call) for limit amount equal to or greater than 2 Cr.
For limit amount < 2 Cr. Rs. 50 per call. |
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Cheque Pickup beat (per month)
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Rs. 450/-
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Cash pickup Beat (charges per month)
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Upto Rs. 200000
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Rs.2200/-
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Rs. 200000 to Rs. 500000
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Rs. 3200/-
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Rs. 500000 to Rs. 1000000
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Rs. 8000/-
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Rs. 1000000 to Rs. 2000000
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Rs. 12000/-
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Rs. 2000000 above
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Contact Branch
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Cash pickup On call (charges per instance)
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Upto Rs. 200000
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Rs. 150/-
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Rs. 200000 to Rs. 500000
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Rs. 300/-
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Rs. 500000 to Rs. 1000000
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Rs. 500/-
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Rs. 1000000 to Rs. 2000000
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Rs. 800/-
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Rs. 2000000 above
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Contact Branch
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* Available on request at select locations only
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Taxes as applicable will be additional
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Apply now
