Charges For Credit Facilities
The service charges for loan accounts are being revised w.e.f. 01.04.2009 as follows:
PROCESSING CHARGES
| Particulars | Charges W.E.F 01/04/2009 | ||||||||||||||||||||||||
| 1. Processing Charges for Working Capital Limits / Renewal / Enhancement / Extension of Limit |
Priority Sector
Priority Sector above Rs.2 Lakhs & All other Advances
No Maximum Cap * Processing Charge is to be on Annual Basis. For the gap between due date of existing sanction and renewal date, processing charge to be collected on Pro-rata Basis (Incase of Consortium/loans under syndication arrangement the processing charge rates as collected by the leader or the above rates which ever is higher) |
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| 2. Up-front fee for Term Loans | Priority Sector
Priority Sector above Rs.2 Lakhs & All other Advances 1.00% (plus applicable service tax) |
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| 3. Processing Charges for Adhoc / One time / Exceeding in limits | I. For Exceedings/Adhoc allowed by DO/CO
II. For the Exceedings allowed under Branch Heads discretion as per Credit Policy (for a period of 7 days & 12 Occasions in the year)
In case of regularisation beyond 7 days, charges as prescribed for Adhoc/Onetime/Exceeding Permitted by CO/DO as in Para I will apply |
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| 4. Modification in Sanction terms | i) Request for each modification in ROI
ii) For all other types of requests for modification in sanction terms – Rs.4000/- flat for each term/condition (plus applicable service tax) |
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| 5. Delay in submission of renewal proposals / stock statements / delay in submission of FFS statements / Expiry of limits / LC Devolvement – ABP | 3% penal interest above the applicable rate for the facility
(plus applicable service tax) |
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| 6. Adhoc / Exceeding / TOD / Withdrawal against uncleared effects / overdue term loan instalments / overdue interest / bills purchased/ discounted returned | 3% interest above the applicable rate for the facility
(plus applicable service tax) |
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| 7. Inspection (hypothecated assets) charges per occasion / per Godown |
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| 8. Consortium advances where we are lead bank | 0.25% of the total limits sanctioned.
(plus applicable service tax) |
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BANK GUARANTEES
| Commission for Unsecured and Partly Secured BGs | Charges W.E.F 01/04/2009 |
| A] For Performance Guarantees | 3%p.a. + Rs.1000/- (plus applicable service tax) |
| B] For Other Guarantees | 3%p.a. + Rs.1000/- (plus applicable service tax) |
| Commission for Guarantees secured by 100% cash Margin | |
| A] For Performance Guarantees | 0.60% p.a + Rs.1000/- (plus applicable service tax) |
| B] For Other Guarantees | 0.75% p.a. + Rs.1000/- (plus applicable service tax) |
At the time of renewal / extension of Bank Guarantee/s, handling charge of Rs.1000/- plus applicable commission as per sanction terms, along with applicable Service Tax shall be collected.
INLAND LETTER OF CREDIT
| INLAND LC | Charges W.E.F 01/04/2009 | ||||||||||
| Opening of LC | Rs. 2000 + 0.75% per quarter or part therof. Max. period covered by LC shall be continued as 180 days. (plus applicable service tax) |
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| Revolving LC | Commission @ 3.00% p.a. + Rs. 1000/- for LC with reinstatement clause for the sanctioned period or one year whichever is lower. In case of every reinstatement, the following charges applicable. (plus applicable service tax) |
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| For sight LC Rs. 2000/- (plus applicable service tax) |
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| For Usance LC Rs.2000/- (plus applicable service tax) |
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| For Exceeding/Adhoc LC's | 0.15% per quarter in addition to the above specified rates for the Adhoc/Exceeded portion | ||||||||||
| Amendments | |||||||||||
| A] Extension of LC | Rs. 1500/- + For every extension in the period of LC, opening charges as mentioned above to be collected considering as if the LC is opened afresh (plus applicable service tax) |
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| B] Enhancement of Value | Rs. 1500/- + Difference in the opening charges as mentioned above for the enhanced amount and the present amount to be collected. (plus applicable service tax) |
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| C] Extending the Usance Period of LC. | Rs. 1500/- + 75% of the opening charges applicable as per the above norms for the LC shall be charged. (plus applicable service tax) |
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| D] Any other amendment | Rs. 2000/- per amendment (plus applicable service tax) |
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| Documentation charges | For Fresh limits
For enhancement 50% of the above charges. (plus applicable service tax) For renewal/exceedings/One time / adhoc - NIL However applicable other charges shall be recovered. |
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| Commitment charges (For sanctioned limit of Rs.100 lakhs and above) | 0.25% (plus applicable service tax) on the Unutilized portion, if the utilization is less than 60% of the sanctioned limits [ Subject to clearance from the Data centre since it has to be System regulated ] |
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| Non submission of audited balance sheets For limits above 25 lacs |
Rs.1000/- per month (plus applicable service tax) if not submitted by November end (ABS as on 31.03.2009 to be submitted before November 2009) | ||||||||||
| Reschedulement/Restructuring of loans (Per occasion) |
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CHARGES FOR VARIOUS FOREIGN EXCHANGE TRANSACTIONS
Exports
| Type of transaction | Charges | |
| Minimum Amount (in rupees) | Tariff | |
| Commission on foreign Currency and rupee bill P/D/N/R * |
Rs.1000 or Rs.1250 as the case may be. | Upto USD 10000 Rs.1000 per bill Above USD10000 Rs.1250 per bill |
| (plus applicable service tax) | ||
| Where no exchange earning arise | Rs.750 per bill or Rs.1250 per bill as the case may be | @ 0.20% upto USD 20000. (min.Rs.750) @ 0.25% above USD 20000 (min. Rs.1250) |
| (plus applicable service tax) | ||
| Commission on overdue export bill (not in certain externalization problem cases) for P/D/N/R and for collection bills | Rs.1000 or Rs.1250 per bill per quarter as the case may be. | Upto USD 10000 Rs.2000 per bill per quarter |
| Above USD 10000 Rs.3000 per bill per quarter | ||
| (plus applicable service tax) | ||
| Commission on export Collection bill (excluding where full advance payment is received) |
Rs.1000 per bill or Rs.1500 per bill as the case may be | @ 0.10%; For bills upto Rs.10.00 lacs min. Rs.1000; For bills above Rs.10.00 lacs min.Rs.2000. |
| (plus applicable service tax) | ||
| Free of payment bill | Rs.1000 per bill or Rs.1500 per bill as the case may be. | @ 0.10%; For bills upto Rs.10.00 lacs min.Rs.1000; For bills above Rs.10.00 lacs min.Rs.1500. |
| (plus applicable service tax) | ||
| Returned bill | Rs.2000 per bill | Rs.2000 per bill |
| (plus applicable service tax) | ||
| Forwarding ETX to RBI | Rs.500 per bill | Rs.500 per bill |
| (plus applicable service tax) | ||
| Bank certificates & attestations | Rs.250 | |
| (plus applicable service tax) | ||
NOTE:
| 1 | * P/D/N/R = Purchase/Discount/Negotiation/Rupee Advance. | |
| 2 | If a purchased bill is later converted into a collection item or vice versa, at the request of the customer, the charge as applicable to collection/purchase has to be recovered again. "When a collection bill is purchased" includes cases where even rupee advance only is made. | |
| 3 | In case of change of tenor of export bills, we have to recover/pay swap difference. Interest on outlay of funds, if any, for such swaps is also recovered. ID will advise these. | |
| 4 | If our charges are to be recovered from the drawee, but refused, the same are to be recovered from the exporter. | |
| 5 | Commission on export bills where no exchange earnings arise, has to be recovered @ 0.20% (minimum Rs.750 ) or @ 0.25% (minimum Rs.1250) as mentioned in the above chart, in lieu of exchange in the following cases. | |
| A | Packing credit is availed from us but bills are negotiated through another bank. | |
| B | Bills are taken into “foreign exchange position” by us, but foreign currency proceeds are received by another bank. This is in addition to the recovery to be made on account of reversal of position. | |
| C | Our collection bill is paid in rupees through another bank in India. | |
| D | On the foreign currency amount of the bill which is credited to EEFC account. | |
| E | Deemed export bills. | |
| 6 | Where a bill is part purchased, commission on the two parts at the appropriate rates, as above mentioned in the chart to be recovered. | |
| 7 | Commission on the amount credited to EEFC account is 'waived' and it need not be collected at the time of credit to EEFC. However, for any drawal or debit to EEFC account, commission @ 0.125% subject to a minimum of Rs.500 to be collected. | |
Charges connected with export LCs
| Sl. No | Type of transaction | Charges |
| 1 | Advising LC | Rs.1250 (plus applicable service tax) |
| 2 | Advising amendment | Rs.750 (plus applicable service tax) |
| 3 | Effecting transfer | Rs.1250 (plus applicable service tax) |
IMPORTS
| Sl. No | Type of transaction | Charges | |
| Minimum Amount (in rupees) | Tariff | ||
| 1 | LC establishment a. Commitment charges b. Usance charges |
Rs.1500 (Plus applicable service tax) |
0.25% per quarter or part thereof 0.15% for sight; 0.30% upto 3 months usance plus 0.125% for every month in excess of three months. (Plus applicable service tax) |
| 2 | LC amendment commission (not involving commission or usance charges) | Rs.1500 (Plus applicable S.T) | Rs.1500 (Plus applicable service tax) |
| 3 | LC of value exceeding Rs.4.00 crores | For LC value exceeding Rs.4.00 crores, At full rate on the first Rs.4.00 crores. (plus applicable service tax) At half rate for amount exceeding Rs.4.00 crores.(plus applicable service tax) |
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| 4 | Import collection bill in Foreign Currency or in rupees | Rs.1500 (plus applicable service tax) |
0.25% (plus applicable service tax) |
| 5 | Import bill under LC commitment (Foreign Currency) | Rs.1500 (plus applicable service tax) |
0.15%. plus additional commn. 0.20% to be recovered for delayed retirement (plus applicable service tax) |
| 6 | Where no exchange benefit accrues | Rs.1500 (plus applicable service tax) |
0.125% to be recovered additionally (plus applicable service tax) |
| 7 | Import bill directly received by the importer | Rs.1500 (plus applicable service tax) |
0.25% i.e. same as if the document received by the bank(plus applicable service tax) |
| 8 | Charges for import bills under LCs covered by 100% cash margin | Rs.1500 (plus applicable service tax) |
0.075%, i.e. 50% of normal rates (plus applicable service tax) |
| 9 | Import bill exceeding Rs.4.00 crores | For import bill value exceeding Rs.4.00 crores, At full rate on the first Rs.4.00 crores. (plus applicable service tax) At half rate for amount exceeding Rs.4.00 crores. (plus applicable service tax) |
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| 10 | Issuing certificates/attestations | Rs.250 (plus applicable service tax) |
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NOTE:
| 1 | Commitment charge is to be collected for the full validity of the LC viz. from the date of LC till last date for presentation of documents. Where a discrepancy viz. "presentation after expiry date" or "LC overdrawn" is accepted by the importer and the bank and the resultant bill is treated as LC bill, the commitment charge is to be collected for such period, as though the LC was notionally extended to cover such late presentation or overdrawn amount. Similarly if a document with higher usance than mentioned in the LC is accepted under LC commitment, higher usance charge as though the LC was opened with such higher usance period, is to be collected. No refund on the reverse situations is permitted. |
| 2 | Usance & commitment charges are to be collected on the value of LC at prevailing rate including any permitted tolerance, any permitted interest and any other bank charges committed under the LC (the last two items on estimated basis, where the exact amount can not be quantified.) |
| 3 | No refund of charges permitted under any circumstances even if the LC lapses unutilized, for whatever reasons. |
| 4 | Where an import bill is received with amount debited to our Nostro account, e.g. under a confirmed LC, interest is to be recovered from such value date till date of payment from the importer. If the importer has provided 110% margin (to take care of exchange fluctuation), then interest need not be charged from the date of such margin provided |
| 5 | For any amendment involving increase of amount, tenor or usance, appropriate additional charges are to be collected (Minimum Rs.1500/-). |
| 6 | For charges relating to deferred imports, revolving letter of credit, merchanting trade and other activities not covered hereinabove: refer to ID. |
| 7 | For document received with discrepancy under LC, which is accepted by the importer and the bank and hence where the bill is treated as a bill under the LC: USD 50 or its equivalent is to be recovered as "discrepancy fees." USD 20/- or its equivalent in case of timber clients |
| 8 | Where foreign exchange income does not accrue (e.g. payment out of EEFC or FCTL), commission @ 0.125% as above mentioned, to be recovered additionally on that part of the bill. |
| 9 | Revival of an LC: Commission to be recovered for the interim period also (Minimum Rs.1500/-) |
REMITTANCE - INWARD
| Sl. No | Type of transaction | Charges | |
| Minimum Amount (in rupees) | Tariff | ||
| 1 | Clean inward remittance | Rs.400 (plus applicable service tax) |
Rs.400 (plus applicable service tax) |
| 2 | Clean instrument collection (except sent under cash letter mechanism) | Rs.350 (plus applicable service tax) |
Rs.350 (plus applicable service tax) |
| 3 | No forex earned | Rs.250 (plus applicable service tax) |
0.125% additionally except where credited to FCNR(B)/ RFC/NRE A/C. (plus applicable service tax) |
| 4 | Certificate for inward remittance | Rs.200 (plus applicable service tax) | |
REMITTANCE – OUTWARD
| Sl. No | Type of transaction | Charges | |
| Minimum Amount (in rupees) | Tariff | ||
| 1 | FDD/FTT | FTT: Other than imports: Rs.1500/- (plus applicable service tax) For imports: As applicable to imports FDD: Other than imports: Rs.400 upto USD 50 or equivalent. (plus applicable service tax) Rs.1000 above USD 50 or equivalent. (plus applicable service tax) For imports: As applicable to imports |
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| 2 | FC TCs | Rs.200 (plus applicable service tax) |
1% (plus applicable service tax) |
| 3 | No forex earned | Rs.1000 (plus applicable service tax) |
0.125% additional (plus applicable service tax) |
| 4 | Cancellation/Replacement etc. | FTT: Other than imports: Rs.1500/- (plus applicable service tax) For imports: As applicable to imports FDD: Other than imports: Rs.400 upto USD 50 or equivalent. (plus applicable service tax) Rs.1000 above USD 50 or equivalent. (plus applicable service tax) For imports: As applicable to imports |
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NOTE:
| 1 | Where foreign exchange income does not accrue on part of the remittance (e.g. drawal from our EEFC or FCTL), commission @0.125% as above mentioned to be recovered additionally on the part of the remittance. Waived where proceeds are credited to FCNR account with our bank. Similarly no commission is to be levied from repatriation of FCNR balances as per RBI rules. |
| 2 | In case a clean instrument is purchased, interest is to be additionally collected upfront for 15 days at commercial rate of interest. The number of days or which interest is to be collected is to be arrived at & refund/additional recovery to be made at the time of realisation. |
FORWARD CONTRACT
| Sl. No | Type of transaction | Charges | |
| Minimum Amount (in rupees) | |||
| 1 | Booking forward contract | Rs.1500 (plus applicable service tax) |
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| 2 | Cancellation, early delivery. | Rs.1500 plus swap cost (plus applicable service tax) |
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| 3 | Extension/roll-over involving cancellation and rebooking | Cancellation : Rs.500/- Rebooking : Rs.1000/- Total : Rs.1500/- (plus applicable service tax) |
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FOREIGN BANK GUARANTEES
| Sl. No | Type of transaction | Charges | |
| Minimum Amount (in rupees) | Tariff | ||
| 1 | Export Performance Guarantee | Rs.1000 (plus applicable service tax) |
0.10% p.m. or part thereof (plus applicable service tax) |
| 2 | DPGs | Rs.1000 (plus applicable service tax) |
0.15% p.m. or part thereof (plus applicable service tax) |
| 3 | All other Guarantees | Rs.1000 (plus applicable service tax) |
0.15% p.m. or part thereof (plus applicable service tax) |
| 4 | Shipping guarantee/delivery order | Rs.1000 (plus applicable service tax) |
Rs.1000 ** (plus applicable service tax) |
| 5 | Guarantee commission where 100% margin is available | Rs.500 (plus applicable service tax) |
50% of normal rates (plus applicable service tax) |
| 6 | Guarantee commission where guarantee amount exceeds Rs.2 crores | At full rate on first Rs.4.00 crores. At half rate for the amount exceeding Rs.4.00 crores. (plus applicable service tax) |
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#Rs.200/- in case of timber clients. (Plus applicable service tax)
** Rs.500/- in case of timber clients (Plus applicable service tax)
NOTE:
| 1 | Guarantee commission is to be collected on the specified period of liability, which includes claim period |
| 2 | Generally the commission is to be collected up-front.(plus applicable service tax) |
| 3 | In case guarantee is returned unutilized as seen from documentary evidence produced, refund of commission for the unexpired period permitted. If guarantee is returned utilized, no refund is permitted for the remaining period. |
| 4 | Swap cost & interest on outlay of funds to be recovered separately where applicable. |
Transmission Charges
| Sl. No | Type of transaction | Charges |
| 1 | Postage per item | Rs.100 (minimum) (plus applicable service tax) |
| 2 | Courier per item | Rs.750 (minimum) (plus applicable service tax) |
| 3 | SWIFT | LCs : Rs.2000 Amendments : Rs.1000 Payments msgs : Rs.1000 Any other msg : Rs.500 (minimum) (plus applicable service tax) |
| 4 | Fax Domestic Overseas |
Rs.100 Rs.500 (minimum) (plus applicable service tax) |
GENERAL
Where a foreign exchange transaction is handled on behalf of another bank or where it is routed by us through another bank, sharing of commission upto 50% is permitted.