Financial Solution to address your working capital needs

Processing Fee

As approved by the sanctioning authority and advised to the customer in the Sanction Letter.

Documentation Charges [Upfront – one time]

₹ 15,000 - ₹ 30,000

Monitoring Visit Charges [Annual]

₹ 15,000 - ₹ 30,000 per annum

Penal Charges

Penal will be levied in case of

1. 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. 2. Non-Submission or Delayed submission of Asset Quality Report [AQR] or Book Debts or Receivables Hypothecated to USFB within 45 days from end of the quarter starting post the date of LUC submission
3. 3. Delay in submission of audited financials as on 31^st March of every year post 30 days from the due date allowed as per regulatory timelines.
4. 4. For deterioration in stipulated operational and financial credit covenants as per sanctioned terms approved by the sanctioning authority [such as GNPA/NNPA, Capital Adequacy Ratio and Leverage [TOL/ATNW]] within 45 days from the end of each due date.
5. 5. External Rating falls by one notch from existing rating of the borrower
6. 6. Any other covenant stipulated post mutual discussion between the customer and the Bank

1. 1. The Penal Charge will be calculated @ 2% per month on the overdue amount [principal/interest or any other amount] for the Overdue period along with Applicable taxes until compliance.
2. 2. Penal charges @ 2% p.a shall be charged on the outstanding amount for the defaulted / delayed period [calculated from due date till the date of compliance]
3. 3. Penal charges @ 2% p.a shall be charged on the outstanding amount for audited financials for the defaulted / delayed period for the defaulted / delayed period [calculated from due date till the date of compliance]
4. 4. Penal charges @ 1% p.a shall be charged on the outstanding amount for the defaulted / delayed period [calculated from due date till the date of compliance]
5. 5. The Bank has the right to recall the facility or levy Penal charges @ 2% p.a on the outstanding amount. [calculated from noncompliance date till the date of compliance.
6. 6. Penal Charges to be decided as per sanctioning authority basis the covenant testing/compliance

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

1. For mortgage creation –
One-time charge of
₹ 25,000/- for cases upto 5 crores
₹ 50,000/- for cases more than 5 crores
2. MCA Charge - One-time charge of₹ 10,000/-

1. 1. Insurance not submitted within 30 days from date of first disbursement/limits setup/takeover
2. 2. Non submission of renewal documents as specified in terms and conditions
3. 3. Any other Pre/Post disbursement conditions & any sanction covenants terms

1. 1. Insurance not submitted within 30 days from date of first disbursement/limits setup/takeover - ₹ 2,000/- per month
2. 2. Non submission of renewal documents as specified in terms and conditions - ₹ 5,000/- per month
3. 3. Any other Pre/Post disbursement conditions & any sanction covenants terms - ₹ 2,000/- per month

The Penal Charge will be calculated @ 2% per month on the overdue amount for the Overdue period along with the Applicable taxes.

1. The Penal Charges will be charged @ 2% per month [along with applicable taxes] for each instance of interest amount not being served on due date. The Borrower will be given 10 days to serve the Interest debited failing which Penal Charges will be charged. The Penal Charges will be charged on the unpaid interest amount till the time Interest is serviced by the borrower.
2. The Penal Charges will be charged @ 2% per month on the total utilized amount along with applicable taxes in case of delay in Renewal of the Credit facility. The Penal Charges will be charged for the period the credit facility is not renewed in the bank system. Bank will keep charging contracted ROI on the utilized portion as per the normal process as well.
3. The Penal Charges will be charged @ 2% per annum on the total utilized amount along with applicable taxes for any Non-Compliance to the Agreed Terms and conditions of the sanctioned facility. The Penal Charges will be charged till compliance of the terms and conditions is done by the borrower. Bank will keep charging contracted ROI on the utilized portion as per the normal process as well.

Penal charges @ 2% per annum shall be charged on the outstanding amount for audited financials for the defaulted / delayed period for the defaulted / delayed period [calculated from due date till the date of compliance.]