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Usance Charges

Particulars

Amount

 

Upto Rs.1 Cr.

Usance upto 7 days – 0.50%

Usance  over 7 days to 3 months – 0.70%

Usance over 3 months to 6 months – 0.80%

Usance over 6 months – 1.00%

 

Above Rs.1 Cr. Upto Rs.5 Cr.

Usance upto 7 days – 0.40%

Usance over 7 days to 3 months – 0.60%

Usance over 3 months to 6 months – 0.70%

Usance over 6 months – 0.90%

 

 

Above Rs.5 Cr.

Usance  upto 7 days  – 0.30%

Usance over 7 days to 3 months – 0.50%

Usance over 3 months to 6 months – 0.60%

Usance over 6 months – 0.80%

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