1. INLAND LETTER OF CREDIT

1.1.

Opening Charges (per LC) (Charges are inclusive of Commitment Fees and Usance charges)

*Subject to minimum Rs. 1000/- per LC

Note:

1. Wherever internal rating is not applicable, commission shall be charged as applicable to “B2 rated account”.

2. The period is to be calculated from the date of opening LC to the last date of its validity + usance period of bill and part of a month should be construed as a completed month.

*Subject to minimum Rs. 1000/- per LC

Note:

1. Wherever internal rating is not applicable, commission shall be charged as applicable to “B2 rated account”.

2. The period is to be calculated from the date of opening LC to the last date of its validity + usance period of bill and part of a month should be construed as a completed month.

1.2.

Charges for Confirmation of LC

Normal charges as mentioned in para 1.1

Normal charges as mentioned in para 1.1 (No Change)

1.3.

Revolving Letter of Credit

Normal charges as mentioned in para 1.1

Normal charges as mentioned in para 1.1 (No Change)

1.4.

Advising of LC charges

0.10% subject to minimum of Rs. 1000/- and maximum of Rs. 5000/-

(Flat commission of Rs.500 for advising each amendment.)

No Change

1.5.

Charges for discrepant documents negotiated/ discounted by our bank under LC opened by our Bank or any other bank

Flat 0.30% subject to minimum of Rs. 3000/-

(If payment received and credited to beneficiary account)

No Change

1.6.

Attestation Charges for Certificates/ Commercial Invoices

Rs. 50/- per invoice Min. Rs. 100/- on each occasion;

No Change

1.7.

Clean Payment Received under LC

Rs. 500/- Flat

No Change

1.8.

Transfer Charges for Transferable LC

Rs. 1000/- Flat for each transfer

No Change

1.9.

Negotiating Charges For bills negotiated /discounted under L/C opened by our Bank or other bank

Rs. 1000/- plus interest per bill at the applicable rate of interest from the date of negotiation to the date of reimbursement of funds to the bank.

0.30% of the bill amount subject to Minimum: Rs.1000/- and Maximum: Rs.10000/- plus interest per bill at the applicable rate of interest from the date of negotiation to the date of reimbursement of funds to the bank.

1.10.

Amendment Charges

No Change

1.11.

Charges for Letter of Credit based on Liquid Margin

No Change

1.12.

Postage / Out of Pocket Expenses

All out of pocket expenses such as postages, telegrams, telex, cable charges, fax etc. shall be collected from the beneficiary, unless otherwise specified.

No Change

1.13

Payment of Bills Received under LC

New Charges

1.14

SFMS/ SWIFT India Message Charges

Rs.110/- per message

Rs.150/- per message

2. INLAND BANK GUARANTEE

2.1.

Bank Guarantees

2.2.

Charges for Bank Guarantees based on Liquid Margin

2.3.

Refund on Cancellation of Guarantee

Ø Commission to be refunded will be for full unexpired quarters only.

Ø However, Branch should recover commission for a minimum of two quarters.

Ø If an existing guarantee is extended for a specific period and the guarantee is being cancelled (after original tenure), commission will be refunded for full unexpired quarters

Ø If guarantee is invoked by the beneficiary, commission charged will not be refunded.

No Change

2.4.

Bank Guarantee Counter Guaranteed by Central Government / State Government / ECGC / Scheduled Commercial Bank having Minimum required Regulatory CRAR including CCB

50% of normal commission applicable on Bank Guarantee up to the extent of counter guarantee amount. Normal charges on guarantee amount not covered by counter guarantee.

No Change

2.5.

Commission for Stand by LC (SBLC)

Commission at par with Financial Bank Guarantee shall be charged.

No Change

2.6

SFMS/ SWIFT India Message Charges

Rs.110/- per message

Rs.150/- per message

2.6

Amendment in BG Clause

New Charges

3. PROCESSING FEE (EXCLUDING SCHEMATIC / RETAIL CREDIT / AGRICULTURE CREDIT)

3.1.

For Fund Based / Non Fund Based Working Capital Advances

(Fresh/ Renewal/ Enhancement)

Note:

· Unified Processing Fee includes all type of charges (i.e. CERSAI/Inspection/ Documentation/ NEC/ Valuation etc.). However Insurance/ State specific Stamp Duty charges on actual basis shall be borne by the borrower

· Processing fee on setting up of limits for discounting of bills backed by ILCs of PSBs/ approved banks on standalone basis shall be charged @ 25% of the card rates applicable on working capital finance, subject to a minimum of Rs. 500/-

No processing charges are to be levied in following cases:

· In case eligible Priority Sector Loans to SHGs / JLGs, the loan limit of Rs. 25000/- is applicable per member of the SHGs / JLGs and not to the group as a whole.

· On setting up of limits for discounting of bills backed by bank’s own ILCs on standalone basis.

· Temporary Overdraft, Occasional Cheque / Bill Purchase (where no regular limit is there) & Withdrawal against Uncleared Instruments / Cheque.

· LC/BG issued against 100% margin in the shape of Cash/FDR/other liquid securities, where no regular limit is required to be set up/the regular limit of the borrower has already been exhausted.

· Advances against Deposits / Specified securities (LIP / NSCs / Shares / Other Paper Securities etc.) other than Retail Schemes.

Consortium Advances

As decided in Consortium meeting or leader bank.

Enhancement

As per normal rates mentioned above in para 3.1 and pro rata for the relevant period so as to coincide with the expiry date of original limit.

Note:

Ø For advances above Rs.5.00 Lakh to Rs.10.00 Lakh, Processing Fee includes all type of charges (i.e. CERSAI/ Inspection/ Documentation/ NEC/ Valuation etc.). However, Insurance/ State specific Stamp Duty charges on actual basis shall be borne by the borrower.

Ø For advances above Rs.10.00 Lakh to Rs.1.00 Crore, Processing Fee includes Documentation & Inspection Charges also.

Ø Wherever internal rating is not applicable, processing fee above Rs.1.00 crore shall be charged, as applicable to “B2” rated accounts.

Ø Processing fee on setting up of limits for discounting of bills backed by ILCs of PSBs/ approved banks on standalone basis shall be charged @ 25% of the card rates applicable on working capital finance, subject to a minimum of Rs. 500/-

No processing charges are to be levied in following cases:

Ø In case eligible Priority Sector Loans to SHGs / JLGs, the loan limit of Rs. 25000/- is applicable per member of the SHGs / JLGs and not to the group as a whole.

Ø On setting up of limits for discounting of bills backed by bank’s own ILCs on standalone basis.

Ø Temporary Overdraft, Occasional Cheque / Bill Purchase (where no regular limit is there) & Withdrawal against Uncleared Instruments / Cheque.

Ø LC/BG issued against 100% margin in the shape of Cash/FDR/other liquid securities, where no regular limit is required to be set up/the regular limit of the borrower has already been exhausted.

Advances against Deposits / Specified securities (LIP / NSCs / Shares

Consortium Advances

As per decision taken in consortium meeting. However, if there is no decision in consortium meeting processing fees is to be levied as defined above.

Enhancement

As per normal rates mentioned above in para 3.1 and pro rata for the relevant period so as to coincide with the expiry date of original limit

3.2.

ADHOC Sanction

· 150% of normal charges mentioned above in para 3.1 on the amount of Adhoc are to be charged on pro-rata basis for the period for which the Adhoc Sanction has been permitted to the borrowers.

· Additional interest of 2% shall be charged on Adhoc granted.

No Change

3.3.

Review of Limits/ Extension of validity of sanction / Short review

1. The above clause shall be part of process note and sanction letter.

2. Prorata charges for the period extended shall be levied.

3. The above charges shall be applicable for extension in validity of sanction due to non-submission of complete renewal paper or any other reason on part of the borrower.

The below charges shall be applicable in accounts which are not renewed before expiry of sanction and extension in validity is permitted upto 180 days from the expiry of validity of sanction

Note:

1. The above clause shall be part of process note and sanction letter.

2. Prorata charges for the period extended shall be levied.

3. The above charges shall be applicable for extension in validity of sanction due to non-submission of complete renewal paper or any other reason on part of the borrower

3.4.

Recovery of Process Fee

*Recovery of process fee should not be insisted upfront in following cases and collected on conveying sanction:

ü MUDRA /MSME loan up to Rs.10/- Lakh

ü Loan under Government Sponsored Scheme

· Upfront fee recovered shall be forfeited after giving due notice to the borrower, In following cases

a. The loan proposal is declined.

b. The credit facilities sanctioned are not availed by the customer within a period of 6 months.

· Recovery in Accounts:

ü In case of Exiting account, Process fee /upfront fee is to be recovered in the month of April (max. up to 31st May) for the entire year.

ü In case of Fresh sanction / Enhancement, charges be recovered proportionately for the remaining period of financial year.

In case of gap between expiry date of original facility and its actual renewal with or without enhancement

ü In case the facility is being permitted for availment, Processing Charges from the date of expiry of Limit to the date of actual renewal (with or without enhancement) as per prescribed rate should be levied on pro-rata basis.

ü In case the facility is being kept in abeyance during the period, no charges are to be levied.

Process Fee /Upfront Fee for Conveying NBG Approval

If the proposal is approved in NBG meeting, above mentioned charges should be recovered by branch from the customer before conveying NBG approval and if:

a) Regular proposal is sanctioned and the limit has been availed/ disbursed, the recovered fee should be adjusted towards processing/upfront fee.

b) Regular proposal has been sanctioned and but the limit is not disbursed, the fee should not be refunded.

c) Regular proposal is not presented within 3 months, the fee should not be refunded.

d) Regular proposal is declined, 50% of the fee should be refunded.

e) Such charges should be conveyed to the customer before placing the proposal in NBG. In case of syndication assignments, the pricing is not to be disclosed, till mandate is received.

f) The fee so recovered, to be adjusted while recovering balance 50% of processing/upfront fee at the time of documentation.

No Change

4. UPFRONT FEE FOR FRESH TERM LOANS / REVIEW OF TERM LOANS

4.1.

Upfront Fee - Term Loans (Including DPG)

Upfront fee is to be levied in the same way as processing charges are recovered in stages mentioned at para 3.4 above.

A suitable undertaking in this regard (As per Annexure-II) is to be obtained from the prospective borrower at the time of receiving the loan application

Note:

i. Wherever internal rating is not applicable, effective rate shall be in the range of “A4 to B2”

ii. Upfront fee is to be recovered as a onetime fee. Where financing is in participation with financial institutions, upfront fee be levied/ shared in line with those charged by financial institutions.

iii. The processing/evaluation fee in NABARD assisted/Refinanced Projects is to be levied as under:

a) For advances where capital outlay of the project does not exceed Rs.2 lac, no charges be levied.

b) Where capital outlay of the project exceeds Rs.2 lac branches may charge evaluation fee once-and-for-all (in lieu of processing fee) @ 0.60% of the capital outlay of the project. The evaluation fee covers the cost relating to pre-sanction, inspection/visit fee, legal fee for examination of title deeds, encumbrance certificate fee etc. However, expenses relating to follow up of utilization in the form of post-sanction, supervision etc., branches may charge out of pocket expenses in addition to evaluation.”

iv. Upfront fee in case of term loan under ‘Standup India’ is linked to disbursement and shall be recovered proportionately at every stage of disbursement.

Note:

· For advances above Rs.5.00 Lakh to Rs.10.00 Lakh, Upfront Fee includes all type of charges (i.e. CERSAI/Inspection/ Documentation/ NEC/ Valuation etc.). However, Insurance/ State specific Stamp Duty charges on actual basis shall be borne by the borrower.

· For advances above Rs.10.00 Lakh to Rs.1.00 Crore, Upfront Fee includes Documentation & Inspection Charges also.

· Wherever internal rating is not applicable, upfront fee for exposure above Rs.1.00 crore shall be charged, as applicable to “B2” rated accounts.

· The processing/evaluation fee in NABARD assisted/Refinanced Projects is to be levied as under:

· For advances where capital outlay of the project does not exceed Rs.2 lac, no charges be levied.

· Where capital outlay of the project exceeds Rs.2 lac branches may charge evaluation fee once-and-for-all (in lieu of processing fee) @ 0.60% of the capital outlay of the project. The evaluation fee covers the cost relating to pre-sanction, inspection/visit fee, legal fee for examination of title deeds, encumbrance certificate fee etc. However, expenses relating to follow up of utilization in the form of post-sanction, supervision etc., branches may charge out of pocket expenses in addition to evaluation.”

· Upfront fee in case of term loan under ‘Standup India’ is linked to disbursement and shall be recovered proportionately at every stage of disbursement.

4.2.

Annual Review Charges for Term Loan

Note: The charges for annual review of Standalone Term Loan shall continue till such time the exposure of the said Term loan account is above Rs.1.00 Cr.

5. COMMITMENT CHARGES

5.1.

Fund Based and Non-Fund Based Limit

A. FOR FB + NFB LIMITS OF ABOVE Rs.1.00 CRORE:

Commitment charges shall not be levied in cases where existing/ prospective borrowers have executed documents containing the required clause for unconditional cancellation (UCC) of limits. Operative limit if fixed on the basis of QIS-I form, shall be reckoned for calculating the commitment charges.

In case of partly drawn Term Loan, commitment charges to be levied irrespective of the fact whether the borrower has executed the necessary documents containing unconditional cancellable limit clause or not.

For Fund Based Limit including Term Loans:

For Non-fund Based Limit:

Unutilized portion in case of industries financed under monthly cash budget should be arrived at with reference to average utilization during the month and the monthly operative limit.

B. FUND BASED WORKING CAPITAL LIMIT OF Rs.150 CRORE AND ABOVE FROM THE BANKING SYSTEM: IRRESPECTIVE OF WHETHER UNCONDITIONALLY CANCELLABLE OR NOT

For Fund Based Limit including Term Loans:

For Non-fund Based Limit:

NFB Facilities of the above class of borrowers will be subjected to Commitment Charges as detailed at A above.

#All unrated claims on Corporates, AFCs and NBFC-IFCs having aggregate exposure from banking system of more than INR 100 Crore which were rated earlier and subsequently have become unrated will attract a risk weight of 150%.

Note:

a) Consortium Advances

Charges as decided in Consortium meeting or leader bank.

The quantum of charge should accordingly be determined by each member bank with reference to the operative/sanctioned limit allocated to it.

b) In Multiple Banking Arrangements

The charge should be determined by each bank based on the limits sanctioned by it.

c) For Term Loan

i. Where the draw down is made in stages as approved by the bank, the commitment charges shall be computed on the undrawn portion reckoned with respect to the relative draw down limit fixed for the period and not with reference to the total limit.

ii. ii) In case of partly drawn term loans where no specific draw down schedule has been prescribed/borrower has not adhered to the specific draw down schedule, the commitment charges at aforesaid rates shall be levied on entire undrawn portion.

d) Commitment charges are to be recovered on quarterly basis

A. FOR FB + NFB LIMITS OF ABOVE Rs.1.00 CRORE BELOW Rs.150 CRORE:

Commitment charges shall not be levied in cases where existing/prospective borrowers have executed documents containing the required clause for unconditional cancellation (UCC) of limits. Operative limit if fixed on the basis of QIS-I form, shall be reckoned for calculating the commitment charges.

In case of partly drawn Term Loan, commitment charges to be levied irrespective of the fact whether the borrower has executed the necessary documents containing unconditional cancellable limit clause or not.

For all fund based working capital limits, commitment charges shall be charged on undrawn portion

For Fund Based Limit including Term Loans:

For Non-fund Based Limit:

Unutilized portion in case of industries financed under monthly cash budget should be arrived at with reference to average utilization during the month and the monthly operative limit.

B. FUND BASED WORKING CAPITAL LIMIT OF Rs.150 CRORE AND ABOVE FROM THE BANKING SYSTEM: IRRESPECTIVE OF WHETHER UNCONDITIONALLY CANCELLABLE OR NOT

Fund Based Limit including Term Loans:

In case of Utilization is above 80% the above-mentioned charges shall not be applicable.

For Non-fund Based Limit:

NFB Facilities of the above class of borrowers will be subjected to Commitment Charges as detailed at A above.

#All unrated claims on Corporates, AFCs and NBFC-IFCs having aggregate exposure from banking system of more than INR 100 Crore which were rated earlier and subsequently have become unrated will attract a risk weight of 150%.

Note:

a) Consortium Advances

Charges as decided in Consortium meeting or leader bank.

The quantum of charge should accordingly be determined by each member bank with reference to the operative/sanctioned limit allocated to it.

b) In Multiple Banking Arrangements

The charge should be determined by each bank based on the limits sanctioned by it.

c) For Term Loan

i. Where the draw down is made in stages as approved by the bank, the commitment charges shall be computed on the undrawn portion reckoned with respect to the relative draw down limit fixed for the period and not with reference to the total limit.

ii. ii) In case of partly drawn term loans where no specific draw down schedule has been prescribed/borrower has not adhered to the specific draw down schedule, the commitment charges at aforesaid rates shall be levied on entire undrawn portion.

d) Commitment charges are to be recovered on quarterly basis

5.2.

Exempted Cases for Levying Commitment Charges

a. FB + NFB limits of Rs.1 Crore and below.

b. Working capital limits sanctioned to sick / weak units/ Export Credit.

c. Credit limits granted to commercial banks, financial institutions and co-operative banks including land development banks.

d. Inland bill limits extended by way of bills purchased / discounted or overdraft / cash credit limit / sub-limit against bills for collection.

No Change

6. DOCUMENTATION CHARGES

6.1.

Documentation Charges Including Priority Sector Advance (Fund Based)/ (Non-Fund Based)

*Documentation charges are covered in unified process charges.

Ø In case of enhancement of the facility, Documentation Charges shall be levied on enhanced portion only.

Ø Renewal/Review of limits: NIL

Ø Retail/Schematic Lending: As per scheme

Ø Loan Against 100% Liquid Securities (i.e. Bank’s own deposit/ NSC/ LIP etc.): NIL

Consortium Advances

Documentation charges shall be applicable in line with Consortium.

Documentation charges on Adhoc

At par of normal documentation charges.

*Documentation charges are covered in processing/upfront fees.

Ø In case of enhancement of the facility, Documentation Charges shall be levied on enhanced portion only.

Ø Renewal/Review of limits: NIL

Ø Retail/Schematic Lending: As per scheme

Ø Loan Against 100% Liquid Securities (i.e. Bank’s own deposit/ NSC/ LIP etc.): NIL

Ø The above-mentioned documentation charges are to be levied only once in case of term loans.

Consortium Advances

Documentation charges shall be applicable in line with Consortium.

Documentation charges on Adhoc

At par of normal documentation charges.

7. INSPECTION / SUPERVISION CHARGES

7.1.

Inspection/ Supervision Charges

Note:

1. Actual conveyance and out of pocket expenses to be reimbursed to visiting official through TA bill and the same shall be recovered from borrowal account (except NPA accounts).

2. In case of NPA account the charges shall be debited from respective charges general and also be recorded in memorandum.

3. To be recovered per borrower entity, irrespective of number of facilities.

Consortium Advances

As per decision taken in consortium meeting. However, if there is no decision in consortium meeting in respect of Inspection Charges, charges to be levied as per para above.

*Inspection charges are subsumed in processing/ upfront fees.

Note:

1. Actual conveyance and out of pocket expenses to be reimbursed to visiting official through TA bill and the same shall be recovered from borrowal account (except NPA accounts).

2. In case of NPA account the charges shall be debited from respective charges general and also be recorded in memorandum.

3. To be recovered per borrower entity, irrespective of number of facilities.

Consortium Advances

As per decision taken in consortium meeting. However, if there is no decision in consortium meeting in respect of Inspection Charges, charges to be levied as per para above.

8. LEAD BANK CHARGES

8.1.

Lead Bank Charges where our Bank Is the Leader Bank Under Consortium

· Normal charges, as applicable for accounts under Consortium Lead Bank Charge as mentioned above shall be recovered at the time of renew/review of facility.

· Normal charges, as applicable for accounts under Consortium Lead Bank Charge as mentioned above shall be recovered at the time of renew/review of facility.

· Lead bank charges shall not be applicable in case of term loans.

9. TECHNO-ECONOMIC VIABILITY (TEV) STUDY CHARGES

S.No.

Particulars

Charges*

9.1.

When TEV study is strictly carried out for our bank’s internal use and TEV report is not shared with customer

Conducted by bank officials
– Rs. 0.10% of project loan amount subject to minimum Rs. 50000 Maximum fee for the Project Loan amount above Rs. 400 Crore: Rs. 250 Lakh

TEV study by Consultant– Consultant fee + Rs. 15000/-

No Change

9.2.

When TEV study is carried out internally and TEV report is shared with customer

Conducted by bank officials :- 0.15% of project loan amount subject to minimum Rs. 50000/-
Maximum fee for the Project Loan amount above Rs. 400 Crore: Rs. 250 Lakh

By consultant— Consultant fee + Rs. 15000

No Change

9.3.

TEV Vetting Charges

Charges for vetting of TEV study shall be 50% of applicable TEV appraisal charges as mentioned above.

No Change

9.4.

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

No Change

*All Charges are exclusive of applicable taxes.

10. OTHER SERVICE CHARGES

10.1.

Purchase / Discount of Bills / Cheques / Drafts

In addition to above charges, discount / interest* at applicable rate plus out of pocket expenses if any will be charged.

*For Borrowal Accounts – Rate of interest applicable for WC advance to the respective borrower.

For Non-Borrowal Accounts – Rate of Interest applicable to Clean OD.

No Change

10.2.

Charges for Amendments / Modifications of Accepted Sanction Terms

a. The charges prescribed for change in accepted terms & conditions, shall be 0.05% of loan amount (Minimum Rs.5,000/- and Maximum Rs.10,00,000/-).

b. These charges shall be applicable in case of amendment in terms and conditions sought by the borrower, except in CDR/restructuring cases. However, these charges should be settled before processing of papers so that repetitive requests to HO are avoided.

Note: Change in ROI not to be considered as amendment in terms and conditions for the purpose of levying amendment charges.

a) The charges prescribed for change in accepted terms & conditions, shall be 0.05% of loan amount (Minimum Rs.5,000/- and Maximum Rs.10,00,000/-).

b) These charges shall be applicable in case of amendment in terms and conditions sought by the borrower, except in CDR/restructuring cases. However, these charges should be settled before processing of papers so that repetitive requests to HO are avoided.

Note: Change in ROI/ service charges not to be considered as amendment in terms and conditions for the purpose of levying amendment charges

10.3.

Revalidation of Sanction

50% of applicable Process Fee; subject to Max Rs.2.50 Lakh

10.4.

Issuance of NOC for All Types i.e., Ceding First / Second Charge / Other Purpose

0.05% of limit, Min. Rs. 2000/- Max. Rs. 50,000/-

However, the same shall not be applicable to consortium banking arrangement.

0.05% of limit, Min. Rs. 2000/- Max. Rs. 50,000/-

In case NOC is required by members of consortium for the purpose/requirement within consortium, the said charges shall not be applicable.

However, if NOC pertains to the purpose/requirement outside consortium, the said charges shall be applicable

10.5.

Issuance of Solvency Certificate

(Non Commercial / Commercial)

0.10% of certificate amount with a minimum of Rs.1000/- and maximum Rs.25000/-.

Note: Any additional certificate issued within a period of 3 months of issuance of 1st solvency certificate, only 50% of the applicable charges shall be levied.

No Change

10.6.

Issuance of Any Other Certificate i.e. No Dues, Balance Confirmation, Maintenance of Account, etc. on Behalf of Our Clients as well as Clients Referred by Other Banks Other than for Govt. Sponsored Schemes

As per Non Credit Related Service Charges

No Change

10.7.

Fee For Opening / Operating TRA / ESCROW Account

Consortium/ Syndication/ Multiple Banking Arrangement

Sole Banking: Rs.1.00 lakh p.a.

10.8.

Charges for Copy of Documents for Submission to Any Statutory Authority to the Borrower

No Change

10.9.

Providing Credit Information / Opinion Including Introduction in case of Borrowal Accounts if Provided on Request of the Borrower

Rs.1000/- per occasion

10.10.

Registration of Power of Attorney

As per Non Credit Related Service Charges

No Change

10.11.

Handling Charges

Wherever full waiver of Processing fee or Upfront fee is permitted, ‘Handling Charges’ @ Rs.15 per Lakh or part thereof, subject to maximum of Rs.1 Lakh are to be recovered from borrowers availing limits of Rs.1 Crore & above, separately in lieu of Processing fee & Upfront fee.

No Change

10.12.

Loan / Debt Syndication and Project Appraisal Charges

No Change

10.13.

Fee for Underwriting Assignments

@ 0.25% of the total debt be recovered at the time of conveying our sanction. This fee is to be recovered over & above the syndication fee of 0.50% of total debt as mentioned above.

No Change

10.14.

Additional Jobs / Responsibilities on Behalf of Lender Banks, in respect of All Term Loans Sanctioned under Consortium / Syndication / Multiple Banking Arrangement, Involving Total Term Loan Component of Rs.5 Cr and Above

Further, in cases, where both the assignments i.e. Project monitoring and Security Creation are handled by our bank as a package, charges/fee be recovered, as stipulated above subject to maximum of Rs.10 Lakh as a package deal, in the first year, in such cases. Subsequently, Project Implementation & Monitoring fee be recovered on annual basis till completion of the project.

10.15.

Pre-Payment / Fore Closure of Loan in Case of Take Over i.e. Loan is Prepaid by the Non-Individual Borrower for Shifting to Other Bank / FI

Pre-payment charges shall be applicable @2% of the pre-paid outstanding amount in case of Term Loans only & not to other facilities such as Non Fund based, Working Capital Limits, Overdrafts etc.

However, no prepayment charges are to be levied in the following cases

Ø MSE Borrower

Ø Floating rate term loan (Non-Business) sanctioned to Individual Borrower.

Ø Microfinance Loans (Except Loans to NBFC-MFIs)

Ø Loans sanctioned at fixed rate with reset clause, if the borrower exercises his option for floating rate interest at the time of reset.

Ø Where the loans are prepaid by the borrowers from their own sources.

Ø Where the borrower shifts to other bank within 30 days from the date of issuance of circular for upward revision in the spread to be charged in his account or change in other terms of sanction.

Ø In case of upward revision in the interest rate due to reset of benchmark rates and the borrower informs the Bank within 30 days from the date of reset & shifts its account to other Bank within 90 days from the date of reset.

Ø Where the closure of loan is on the instance of the Bank on account of size of irregularity, possibility of default in future or any other technical or other specific reasons.

10.17.

Concession Amount to be Recovered in Case of Takeover of the Account

In case of account is being taken over by the other bank/FI, in addition to levying pre-payment charges, all the concession/relaxation/waiver in the service charge, ROI etc. granted since last sanction/review/renewal of the facility or sanction accepted by the borrower with such clause, whichever is earlier, in the account shall be withdrawn and respective amount shall be recovered from the borrower. The same clause shall invariably be incorporated in the sanction letter & acceptance of borrower in this regard shall be obtained & kept on record.

10.18

Non-payment / Non Acceptance of Demand/ usance bills of exchange on presentation due date

New Charges

0.20% of Bill amount

Min Rs.1000/-

11. MISCELLANEOUS EXPENSES

11.1.

Out of Pocket Expenses

All out of pocket expenses such as Registration / Modification /Satisfaction of charges with RoC, postages, telegrams, telex, cable charges, fax etc. shall be collected from the beneficiary, unless otherwise specified.

11.2.

Credit Information Report (CIC) Charges

(i.e. TU CIBIL, CRIF HighMark, Experian, Equifax)

Priority Sector Loans up to Rs.25000/-: No Charges shall be recovered

No Change

11.3.

NeSL Charges

As per NeSL guidelines

Available at www.nesl.co.in (NeSL Home Page -> IU Services -> Fee Structure)

No Change

11.4.

CERSAI Charges

No Change

11.5.

Legal Opinion / NEC Charges

*Plus actual out of pocket expenses to be recovered from borrower.

No Change

11.6.

Valuation Fee

*Includes Property/Fixed Assets/Plant & Machinery etc.

Note: For the purpose of calculating the valuation fees also, realizable value shall be considered.

No Change

11.7.

Levy of Cash Order / Draft / RTGS / NEFT Charges While Disbursing Term Loan

While issuing instruments for remittance of funds directly in favour of supplier, for disbursement of term loan, no charges are to be recovered for issuance of Cash Order/Draft/RTGS/ NEFT/other mode.

No Change

11.8

Mortgage Creation Charges

Additional Conditions:

1. Mortgage charges are applicable per instance irrespective of the number of title deeds.

2. Mortgage Charges are not to be collected when the limits are renewed at the existing levels.

3. The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds also.

4. Mortgage creation charges will not be applicable in case of Retail Loans.

5. The charge is applicable for extension of equitable mortgage recorded in favor of other lenders also.

6. No Mortgage charges to be collected in case of Registered Equitable Mortgage/Registered Simple Mortgage/ Registered Mortgage.

7. When mortgage is created for collateral security over and above the minimum prescribed level as per bank schemes/guidelines, the sanctioning authority may waive the charges on case to case basis.

8. No Mortgage creation charges to be collected in case of extension of charges on existing securities to cover GECL loans

Upto 3 mortgages:

For cases, above 3 mortgages: Above mentioned charges plus Rs.1000 per mortgage.

Additional Conditions:

11.9

Interchangeability Between Limits

0.10% of interchangeable amount subject to minimum Rs. 2,000/- and maximum Rs. 5,00,000/-

No Change

11.10

Substitution/ Release of Personal Guarantee / IP/ Collateral Security

0.10% of the total loan amount* subject to minimum Rs. 5,000/- and maximum. Rs. 10,00,000/-

*The loan amount shall mean the total outstanding amount/sanctioned limit whichever is higher. However, in case of fully disbursed term loans where there is no scope for re-drawal, the loan amount shall mean the total outstanding amount.

No Change

12. AGRICULTURE CREDIT- SERVICE CHARGES

12.1

12.2