Financial Solution to address your working capital needs

Processing Fee

As approved by the sanctioning authority

Documentation Charges (Upfront – one time)

₹ 15,000

Monitoring Visit Charges (Annual)

₹ 15,000 per annum

Penal Interest

Penal will be levied in case of

1. In case of any delay in the repayment of principal instalments or payment of interest, charges or other monies due on the facility.
2. Non-Submission or Delayed submission of Stock/Debtors Statement 
3. Delay in submission of audited financials as on 31^st March of every year

Default Interest Rate @ 2% p.a. over and above the rate of prevailing(sanctioned)rate of interest

Pre Closure / Pre Payment Charges

2% of the principal amount of loan prepaid

Legal / Mortgage Charges / Stamp Duty

Actual

Processing Fees

On fresh limits - 1 %

One renewal of limits – 0.50%

Pre Closure / Pre Payment Charges

1. 2% of total credit facility amount in case of OD account

2% of the total outstanding amount in case of DLOD/TL accounts

Adhoc & TOD Limits

2% over the existing pricing

Penal charges for non-creation of security - 

1. Pledge (of securities) formalities not completed on time by the borrower.
2. MCA Charge not created due to delay from the borrower

1 % of the utilized amount

Penal Charges for

1. Insurance not submitted within 30 days from date of first disbursement/limits setup/takeover
2. Non submission of renewal documents as specified in terms and conditions

₹10,000/- per month for irregular periods.

2. ₹10,000/-

Penal Charges for

1. Interest not served within the specified period of 10 days in subsequent month.
2. EMI default on a specific date

1. 2% per month on the outstanding amount (as on month end) + GST in case of Overdraft.

In case of DLOD/Term Loan an account becomes irregular by way of non-payment of installment, penal interest @ 2% month be charged on the defaulted amount for the period of irregularity

Base Branch : ₹ 500 lakhs
Non-base branch : ₹ 250 lakhs

₹2.50/1000

2 cheques book (50 leaves) - Free
After free limit -₹ 2/leaf

Inward - Free;
Outward – Free

Inward - Free ;
Outward –Free

  Free 

₹1/1000 with min ₹ 25/- per DD + applicable corresponding Bank charges

Documents/ Cheque/DDs Pickup - 1 pickup free per day
(at selected locations)
Cash Pickup - Available in select cities (at cost)

Free

Free

₹500/-

Free

Free

Involving Utkarsh Accounts: Free
Other Banks: Free

1.  2% + GST on outstanding in case of Term Loan/DLOD
2.  2% +GST on OD/CC limits

₹200 per Cheques + GST

₹250 per Cheques + GST

₹200 per record + GST

₹ 250 per instance + GST

Free

1. Limit Utilization Charges Overdraft – minimum 50%
2. Limit Utilization Charges Dropline Overdraft – minimum 50%

1. Charges in OD for utilization <=50% - 0.5% over and above the current charges
2. Charges in DLOD for utilization <=50% - 0.5% over and above the current charges

Signature Verification: Free
DD Revalidation/cancellation : ₹100 per instance + GST
Duplicate DD Issuance : ₹100 per instance + GST

Free

Free

Free

NIL

₹2500/- per instance + GST

NA

Per instrument - ₹50 + GST
Per Series - ₹100 + GST
(For more than 2 Cheques)

₹1000/- per instance + GST