S. NO.

Items/ Head

Existing Guidelines

Revised Guidelines

(Revised charges shall be effective from 1st May 2019)

1 (a)

1 (b)

Documentation Charges

FB/NFB

i)uptoRs. 2.0 lac- NIL

ii) uptoRs. 25 lac- Rs. 2500/-

iii) uptoRs. 100 lac- Rs. 5000/-

iv) above Rs. 100lac- Rs.10000/-

FB/NFB (charges are exclusive of GST)

For Agricultural Loans following documentation charges are prescribed asper IBA recommendations

The above mentioned charges are to be levied only once in case of term loans. However, in case of cash credit accounts, documentation charges are to be levied first at the time of fresh sanction and then at the time of enhancement (for the entire portion of limit)

For supplying copy of documents

1. Govt Sponsored Scheme/PS advances uptoRs.25000/-NIL

ii) uptoRs. 100 lac- Rs. 500/-

iii) above Rs. 100lac- Rs. 1000/- plus actual charges.

2

Allocation of limits

Rs. 10000/-  p.a. for allocation of limits to each branch( to be recovered by controlling branch)

In case of advance moved from one business unit to another at Bank’s instance – no charges.

No Change

3

3(a)

3(b)

3 (c)

Commitment charges

Working capital – for all fund based limits

Term Loan

Exemptions

(from Working

Capital limits

mentioned in

point 1 above)

For WCL:@ 1.0% p.a. on unutilized portion of w.c. facilities exceeding 25 lac subject to tolerance level of 15 %

At present, the commitment charges are being levied in borrowal accounts on quarterly basis

.

For TL:Not defined

Exemption- Export credit , Rice sheller, cold storage , seasonal credit facilities and bill finance

(In terms of HO CMP Cir. Letter No.33/2015-16 dated 31.12.2015)

Following charges to be levied on  average unutilized portion of W.C. facilities exceeding 3.00 cr.

For WCL:

The unutilized portion will be ascertained by calculating the average utilization during the year.

The difference between the average utilization determined as above and the sanctioned limit shall represent the unutilized portion.

The year for this purposes shall be taken as calendar

year and the commitment charges shall be charged atthe end of year say in the month of December of therespective year

For TL:For loans above Rs. 5 cr (irrespective of working capital limits) for delayed drawdown (as per drawdown schedule given at the time of sanction)beyond 3 months – 0.50 %p.a. from the date fixed for availmentto the date of actual availment

Exemption:

• Export credit
• Rice sheller
• Cold storage
• Seasonal Credit Facilities
• Bill finance  including bill discounting/ purchase limit or sub-limit sanctioned against bills forcollection
• Limits sanctioned to commercial banks, FIs, Cooperative banks including land developmentbanks

4

Revalidation/Amendments/modification of sanction terms(per reference)

e.g change of constitution, merger, demerger, ROI, etc.

Loan/Limit

i)AboveRs. 2.0 lac uptoRs. 100 lac.-Rs. 5000/-

ii) above Rs. 100 lac.- Rs. 10000/-

5

Issuance of NOC for ceding first/second charge /other purposes

Rs. 100/- per certificate

For all accounts above Rs. 5.0 crore – Rs. 1000/-

6

TUF /subsidy  application processing Fee

i) for loan uptoRs. 1.0 cr-Rs. 1000/-

ii) above Rs. 1.0 cr.- Rs 2500/-

 Clause deleted

7

Issuance of any other certificate i.e no dues, interest certificate, 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

Rs. 100/- per certificate

Exemption: weaker section in P.S , and SHGs as part of weaker section

A flat charge of Rs.200/-  + GST is to be levied per certificate

No Exemption

8

Issuance of Solvency Certificate

UptoRs. 1lac- Rs. 500/-

UptoRs. 25 lac- Rs. 2500/-

UptoRs. 50 lac- Rs. 5000/-

Above Rs. 50 lac upto Rs.100 lac- Rs. 15000/-

Above Rs. 100 lac- Rs. 20000/-

9

Lead Bank charges in consortium accounts

i)uptoRs. 50 crore-0.25 % with min. Rs. 5 lac

ii) above Rs. 50 cr.- 0.15% with max. Rs. 25lac

(These charges are the Lead Bank Charges. Normal processing/ upfront fee is to be recovered separately)

10

Providing credit information/opinion including introduction in case of borrowal accounts if provided on request of the borrower

Rs. 1000/- per occasion

No Change

11

Registration

/modification/satisfaction of charges with ROC

Actual + Rs. 1000/-

No Change

12

Registration of Power of Attorney

Rs. 500/-per reference

No Change

13

For getting noted Bank’s lien on title deed/lease deed with State Industrial Corporation which leases out the land for industrial use to the borrower

i)For Loan/Limit uptoRs. 1.0 cr.-

Actual charges + Rs. 1000/-

ii) for loan/limit above Rs. 1.0 cr.- Actual charges+ Rs.2000/-

No Change

14

Inspection Charges

No Change

15

Pre-payment Charges

1. If the facilities availed from the bank is upto Rs.1 crore and the account is adjusted through takeover of loan by another bank before 360 days from the date of disbursement, then a prepayment charges of 2% on the WC limit, 1% on term loan outstanding and non fund limits on the adjustment be recovered;

2. If the facilities availed from the bank is above Rs.1 crore and the account is adjusted through takeover of loan by another bank before 360 days from the date of disbursement, then a prepayment charges of 1% on the WC limit and on term loan outstanding and 0.5% on non fund limits on the date of adjustment be recovered;

3. All accounts under Personal, Car,Conveyance,Housing Schemes be levied a prepayment charges of 1% on the balance outstanding on the date of adjustment if the account is adjusted through takeover of loan by another bank;

4. The borrowers under this schematic lending be allowed to make part pre-payment without any penalty in case he receives any lump-sum amounts from verifiable legitimate sources i.e. on receipt of retirement benefits, maturity proceeds of NSC, LIC etc. and wants to reduce his interest burden;

5. In addition to the above, in case of this Schematic lending, no pre-payment charge be levied, if the borrower adjusts the account in full and final before scheduled time from his own verifiable legitimate sources i.e. on receipt of retirement benefits, maturity proceeds of NSC, LIC etc.

6. If the processing charges are also waived for the party and the account is adjusted through takeover of loan by another bank before 360 days from the date of disbursement, then, these processing charges be recovered in addition to the prepayment penalty as stipulated for the borrower.

All the sanctioning authorities are advised to insert relevant clause / condition in the sanction letter as applicable in terms of guidelines on Fair Practice Code.  Necessary undertaking in this regard be also obtained from the borrower

Addition:

In terms of RBIdirections vide their circular dated 07.05.2014, it has been decided to withdraw foreclosure charges/ pre-payment penalties all floating rate term loans sanctioned to individual borrowers only.

Other guidelines on pre-payment charges shall remain the same.

16

Presentation of usance bills for acceptance

Rs. 100/- per bill

Rs. 200/- per bill

17

Noting + protesting  on bills

 Rs. 500/- per bill plus legal expenses plus out of pocket expenses.

 Rs. 750/- per bill plus legal expenses plus out of pocket expenses.

18

Obtaining of surrender value of policy of Life insurance

Rs. 200/- plus out of pocket expenses

Rs. 200/- plus out of pocket expenses

19

Co-acceptance of Bills

Rs. 150 + 1..0% per quarter or part thereof for the liability period , per bill

Rs. 300 + 1..0% per quarter or part thereof for the liability period , per bill

S. NO.

Items/Head

Existing Guidelines

Revised Guidelines

(Revised charges shall be effective from 1st May 2019)

1

USANCE CHARGES

2

COMMITMENT CHARGES

(In addition to Usance charges)

For the period of liability( from the date of opening of credit to last day of its validity)

@0.30% for every period of 3 months or part thereof with minimum Rs. 300/-

@0.30%  + GST for every period of 3 months or part thereof with minimum Rs. 500/- + GST

3

Reinstatement of Revolving LC

Normal usance and commitment charges with minimum Rs. 500/-

Normal usance and commitment charges with minimum Rs. 600/- (in addition to GST)

4

LC with 100% cash (liquid) margin

25% of regular charges with min. Rs. 500/-

25% of regular charges + GST with min. Rs. 750/- + GST

5

Confirmation of LC

As applicable to opening of LC

Rs.750.00 + Usance Charges + Commitment Charges + GST

6

AMENDMENT in LC

7

7 (a)

Advising of LC

(including letters of authority , orders to negotiate)

Advising Amendment

0.05% with minimum Rs. 500/- and maximum Rs. 5000/- if such LC does not carry confirmation

Same as above

0.05% with minimum Rs. 750/- + GST and maximum Rs. 5000/- + GST if such LC does not carry confirmation

Same as above

8.

Transfer of LC

(Whether full or in part or whether endorsed on credit itself or not)

Rs. 500/- per transfer except when the name of the beneficiary is changed under instruction from opening bank.

These charges are on account of first beneficiary unless otherwise specified. On LC calling for usance drafts drawn and accepted by banks, a commission @ 0.20% p.m. with minimum Rs. 500/- shall be levied.

If beneficiary refuses to pay, then same shall be collected from applicant of credit

Rs. 1000/- + GST per transfer except when the name of the beneficiary is changed under instruction from opening bank.

These charges are on account of first beneficiary unless otherwise specified. On LC calling for usance drafts drawn and accepted by banks, a commission @ 0.20% p.m. + GST with minimum Rs. 500/-  + GST shall be levied.

If beneficiary refuses to pay, then same shall be collected from applicant of credit

9.

Negotiation Charges

a) for bills uptoRs. 2.50 lac – 0.40 %

b) Bills above Rs. 2.5 lac – 0.30 %

with min. Rs. 1000/- and  max. Rs. 10000/-

 plus discount at applicable rate of interest from date of negotiation to date of disbursement

No Change

10

Acceptance charges

An acceptance commission of 0.30 % with a minimum of Rs. 300/-

An acceptance commission of 0.30 % + GST with a minimum of Rs. 500/- + GST

11

Out of Pocket expenses such as postages, telegrams, telexes, cables, swift etc

From beneficiary unless otherwise specified

Actual expenses to be recovered from beneficiary unless otherwise specifies

12 (a)

12 (b)

Guaranteeing discrepancies in documents negotiated under LC

Refund of Payment under Reserve

0.25% with minimum Rs. 100/- where payment received under reserve is credited to beneficiary account.

However no such charges is levied , if amount received under reserve , on request of customer, is not parted with by the Bank

The Bank will pay the negotiating bank the face value of the bill along with interest at commercial rate of the negotiating bank plus charges. Interest /charges , if any, would be for customer’s account

0.25% + GST with minimum Rs. 750/- + GST where payment received under reserve is credited to beneficiary account.

However no such charges is levied , if amount received under reserve , on request of customer, is not parted with by the Bank

No Change

13

Clean Payment Received Under LC

Flat charges of Rs. 250/- shall be levied by beneficiary’s bank for receiving and crediting clean payment to beneficiary account.

Flat charges of Rs.500/- + GST shall be levied by beneficiary’s bank for receiving and crediting clean payment to beneficiary account.

14

Attestation of Commercial invoice subsequent to negotiation

Rs. 20 per invoice . Minimum Rs. 50/-

Rs. 50 per invoice. Minimum Rs. 100/-

15

Service  Tax  and Education Cess

To be Recovered on chargeable amount

Service Tax, Education Cess and any other Taxes are to be recovered at prevailing rate.

16

General

1. Commission to be charged on opening/amendment of LC and no refund is permitted under any circumstances whatsoever.
2. All charges in respect of advance bills and/or bills under LC are on account of applicant
3. When inland LC opened by a Bank is advised/confirmed by its own branch, the advising/ confirming branch shall not be entitled to advising /confirmation commission.
4. If collecting bank is not the negotiating bank, then charges as applicable to collection of bills be levied by the collecting bank

1. Commission to be charged on opening/amendment of LC and no refund is permitted under any circumstances whatsoever.
2. All charges in respect of advance bills and/or bills under LC are on account of applicant
3. When inland LC opened by a Bank is advised/confirmed by its own branch, the advising/ confirming branch shall not be entitled to advising /confirmation commission.
4. If collecting bank is not the negotiating bank, then charges as applicable to collection of bills be levied by the collecting bank
5. In case of invocation of Guarantee, devolvement of Letter of Credit and if it is not regularized within a period of 30 days, all such concessions allowed if any will be withdrawn.
6. Out of pocket expenses (plus service tax) such as postage, telegram, telax, fax cable etc., shall be collected in addition to the usual charges.

S. NO.

Items/Head

Existing Guidelines

Revised Guidelines

(Revised charges shall be effective from 1st May 2019)

1

 Performance BG

Rs. 250/- plus 2 % p.a. or part thereof

WITH MIN. Rs. 250/- plus charges applicable for six months

Rs. 500/- plus 2% p.a. or part thereof + GST

Withmin. Rs.500/- plus charges applicable for six months

2

Other than Performance

Rs. 250/- plus 3 % p.a. or part thereof

With min. Rs. 250/- plus charges applicable for six months No refund for un-expired period even if purpose of B.G issued gets fulfilled earlier

Rs. 500/- plus 3 % p.a. or part thereof + GST

With min. Rs.500/- plus charges applicable for six months

3

BG at 100% liquid margin

Rs. 250/- plus 25% of charges at sr. no. 1 or 2 above.

Rs.500/- plus 25% of charges at sr. no. 1 or 2 above + GST.

4

Letter of Comfort

Backed by 100% discharge of liability(viz cash margin, sanctioned term loan, guarantee of first class bank, 100% lien on drawing power) – 1.0% p.a.

Others-    2% p.a.

Subject to min. charges for 3 months

No Change

5

Exercise of Swing Option

 0.02 % of amount involved, subject to a minimum of Rs. 500/- and a max. of Rs. 2500/- ( no authority has been vested with discretion to reduce this service charge)

No Change

6

Refund

No Refund for first 6 months of unexpired period, thereafter 50% refund for every full quarter.

No Change

7

Extension of validity Period

Same charges as is levied at the time of issue of BG.

No Change

8

Remittance charges on invocation

No Charges

No Change

S. NO.

Items/Head

Existing Guidelines

Revised Guidelines

(Revised charges shall be effective from 1st May 2019)

1

Other than Agricultural/ Crop Loan

(i)

Fund based/Non Fund based  limit/loan uptoRs. 25000/-

Nil

No Change

(ii)

Fund based/Non Fund based  limit/loan above Rs. 25000/- and uptoRs. 2.00 lac (including Real Estate Sector)

Rs. 400/-

No Change

(iii)

Exposure above Rs. 2.0 lac other than to   Real Estate Sector

a) W.C. – Funded/Non-funded

b). Term Loans above Rs. 2.0 lac uptoRs. 50 lac

c) Term loans above Rs. 50 lac

d)Blue Chip

Companies with minimum credit rating of AAA

e).Central/State govt. PSU’s

0.50% with minimum of Rs. 500/- with no cap.at the time of sanction/renewal every year

1.00%  (New Borrower)

0.75%(5 yr. Old Borrower)

0.50%(20 yr old Borrower)

1.00%  (New Borrower)

0.75%(5 yr. Old Borrower)

0.50%(20 yr old Borrower)

0.10% with no cap.

0.10%

No Change

(iv)

Exposure above Rs. 2.0 lac to Real Estate Sector

a).W.C. funded/non-funded  above Rs. 2.0 lac and uptoRs. 50.0 lac

b). W.C. funded/non-funded  above Rs. 50.0 lac

c). Term loan above Rs. 2.0 lac and uptoRs. 50 .0 lac

d). Term Loan above Rs. 50.0 lac

Rs. 500/- per lac or part thereof with no cap

1.0% with no cap and 50% of applicable charges on renewal every year

1.00%  (New Borrower)

0.75%(5 yr. Old Borrower)

050%(20 yr old Borrower)

1.00%  (New Borrower)

0.75%(5 yr. Old Borrower)

0.50%(20 yr old Borrower

No Change

(v)

Review of Term Loan o/s of Rs.10 Lac and Above

0.05% without any cap on every reviewal

(However no processing fees to be charged in case of PSUs and for Systematically Important NBFCs with external rating of ‘A’ and above from accredited rating agencies.)

No Change

(vi)

CONSORTIUM/MULTIPLE BANKING ARRANGMENT

In case of consortium accounts, 0.25% fee to be charged. If other banks are charging higher fee, same is to be charged by our Bank. All other charges in line with consortium.

No Change

(vii)

Upfront Charges - New business Group (NBPC)

Rs.50,000 to be charged upfront for each NBG proposal which will be adjustable against processing fees on regular sanction. In case the proposal is declined by the Bank, the same to be refunded

No Change

(viii)

Amendment/Revalidation/modification of sanction terms e.g. change of constitution, merger, demerger, ROI, etc

Charges of Rs. 25,000. per request to be charged for the first time. For each subsequent request, Rs. 50,000 to be charged as amendment charges.

In Consortium accounts, Amendment charges to be charged in line with other lenders.

No Change

2

For Agricultural Advances

A.

For Crop Loan:

A.(i)

Up to Rs.3.00 Lakh

Nil

Nil

A.(ii)

Above Rs.3.00 Lakh

(i)  0.50% of limit (for portion above     Rs.3.00 lakh) with minimum of        Rs.500/- at the time of sanction only.

(ii) Processing Fee will be applicable in case of enhancement above Rs.3.00 lakh, on enhanced portion only.

(iii) No processing charges to be levied at the time of renewal.

(i) 0.50% of limit (for portion above       Rs.3.00 lakh) with minimum of         Rs.500/- at the time of sanction only.

(ii) Processing Fee will be applicable in case of enhancement above         Rs.3.00 lakh, on enhanced portion only.

(iii) No processing charges to be levied at the time of renewal.

B.

Other Agriculture Advances

1. Advances under a Scheme- as per scheme
2. Other Advances- 0.50% on total project outlay on one time basis
3. Advances to Weaker section -Nil

No Change

2

All cases including NBPC: On regular sanction/enhancement of credit limits (FBWC/NFBWC/Term Loan)

50% processing fees to be charged before release of sanction/enhancement and remaining 50% to be charged before disbursement of credit facility.

No Change

3

BG/LC against 100% cash margin/Bank’s own FDRs

No Change

4

Advances against Deposits , Govt. Securities, Mutual Fund Units, UTI units, NSCs, KVPs and staff loans of any type.

Actual out of pocket expenses at the time of noting of lien/collection of proceeds plus Rs. 25/- per security certificate with min. Rs. 100/-

No Change

5

Adhoc Sanction/Temporary Limits

Normal charges

No Change

6

PMRY/SGSY/Other Govt. Schemes

Service charges as per scheme

No Change

7

In –principle sanction

10% of normal charges upfront, 15% of normal charges on in-principle sanction

75% of normal charges at the time of issue of regular sanction. 

No Change

8

For schemes where refinance is obtained

Service charges as per scheme

No Change

9

Recovery of Processing/Upfront fee

50% of normal  /recommended  charges  upfront . Balance on release of sanction. But total charges not to exceed the applicable /sanctioned charges on sanctioned amount.

No Change

10

General

Processing Charges on each renewal is to be debited on due date irrespective of the fact that the case is actually renewed/reviewed on that date. In case the renewal/reviewal is delayed due to non-submission of financial data or any other such reason attributable to the borrower, the proportionate processing charges for the period of the delay shall also be recovered in addition to normal charges which are recovered on due date.

No Change