SECTION –II

Advances, Guarantees, Bill Discounting & LC  

Rates w.e.f.

01-08-2011

(Exclusive of service –tax)

(In Rupees)

1.

Processing Charges

Processing charges (per annum) for all kind of advances, except Agricultural Advances, Govt. sponsored schemes & Staff Accounts, at the time of initial processing as well as at the time of each renewal/ adhoc sanction: -

In case of bank’s credit schemes, where charges to be levied have been mentioned specifically, are to be recovered accordingly.

A) For General Advances:                       

(i)     Upto Rs.25000/-    -------------                     

(ii)     Above Rs.25000/- & upto Rs.2 lacs --

(iii)    Above Rs.2 lacs & upto Rs.1 crore ----

(iv)    Above Rs.1 crore -----------

Nil

500/-

300/- per lac or part thereof

(min. Rs. 1000/-)

Rs 400/= per Lac  or part thereof

(Minimum Rs.40000/- & max. Rs.2 lac)

 B)  For Micro & Small Enterprises (MSME):

(i)      Upto Rs 2.00 lac

(ii)     Above Rs 2.00 lacs & upto Rs 1 Crore-

(iii)     Above Rs 1.00 Crore & upto Rs 5.00 Crore-

(iii)    Above Rs. 5.00 crore.

Processing charges for Adhoc facility:

If period is Upto 3 months- ¼ of applicable rates.

If period is beyond 3 months and Upto 6 months- ½ of applicable rates.

If period is beyond 6 months- Full amount as per applicable rates.

LENDING SCHEMES

LOANS:

PART-A: Mortgage Loans:

1- Home Loan: For all House Loans

2- Take over of Home Loans:

3- Advance against Property including advances against Future rentals:

4- Overdraft(Fresh sanction/renewal):

PART-B: Business/Other Secured Loan:

1- Traders Loan(Loan/Overdraft):

2- Loan to Doctors(Naini Health Care):

3- Loan to Contractors (Naini Nirman):

PART-C: Clean/Other Loan:

1- Personal Loan(Naini Sahyog):

2- Car Loan /Two Wheeler Loan (Suhana Safar):

3- Education Loan:

Prepayment Charges:

(i) Prepaid fully or Partially from own sources- NIL

(ii)Other cases-Housing Loan: 2% prepayment charges on outstanding balance.

Charges for late payment of EMI:

Same charges i.e. 2% on unpaid EMI.

IMPORTANT: - 50% OF APPLICABLE PROCESSING CHARGES ARE TO BE DEPOSITED BY THE PARTY IN ADVANCE / BEFORE PROCESSING THE PROPOSAL.

NOTE:- 

1. No processing charges for staff member’s loan a/cs. 

2. No processing charges for loan / OD accounts against bank’s term deposits.

3. In Term Loan A/Cs processing charges are to be recovered one time only, not on subsequent renewals.

4. Loan against Govt. securities UTI/ MF/ NSCs/ KVPs etc. –

5.  Advances under consortium: - processing charges are to   recovered as per/ in line with consortium agreement/or equivalent to charges of Lead Bank...

6. If a proposal is reviewed after three (3) months from the due date for a further period of 12 months, processing charges are to be levied for 15 months. It should be ensured that in all cash credit/over draft accounts processing charges is recovered once in twelve months.

7. Charges are to be levied on sanctioned amount including takeover cases from other Banks/FIs.

NIL

0.25% min.

Rs 1000/=

Rs. 300/- per lac or part thereof

Rs. 400/- per lac or part thereof, Max Rs. 3.00lac

Processing Charges w.e.f 01-08-2011

0.50%(Minimum Rs.500/- & Max. Rs.10000/- plus service tax.

Nil (Only documentation charges to be recovered).

0.75% on sanctioned amount (No ceiling).

0.50% on sanctioned amount(No ceiling)

0.50% of the sanctioned limit(No ceiling)

0.25%     minimum Rs.750/- upto Rs.1.00 crore loan limit.

0.20% minimum Rs.25000/- above 1.00 crore.

0.50% in addition to documentation charges (No Ceiling).

1.00% in addition to documentation charges(Minimum Rs.1000/-)

0.50% in addition to documentation charges (Minimum Rs.500/- and Maximum Rs.10000/-).

No Processing charges.

NIL

flat   charges for one time - Rs.100/- .

Guarantees Commission

(i) Performance guarantee---------

(ii) Other than performance guarantee-------

(iii) Commission on inland guarantees secured by 100% cash margin or term deposits-------

NOTES:-

(i) Refund for guarantee tendered for cancellation before the expiry date - an amount computed at half the original rate for the unexpired period of guarantees less -3- months, may be refunded as per rate charged originally (should be for a complete month).

(ii) Extended period of validity of guarantee due to restrain imposed by Court Orders at the instance of constituents from meeting their obligation to beneficiaries, when guarantees are invoked - additional commission at applicable rate be charged.

(iii) Remittances made by the Bank under guarantee, co-acceptance or similar obligations -commission/exchange as per usual rates.

(iv) No commission, from staff members, to be recovered when guarantee is issued for education of his/her dependent children.

(v) If the period of guarantee (including the claim period) is more than six months, commission should recovered on monthly basis.

(vi) If the period of guarantee is less than six months, and extension for -2- months is requested after -3- months, customer will have to pay commission for the period for which extension is being sought.   

0.25%p.m. with  minimum charges for -3- months

0.30%p.m. with  minimum charges for -3- months

25% of normal commission + Rs. 150/-

3.

Documentation charges

(Fund-based only)

In case of bank’s credit schemes, where charges to be levied have been mentioned specifically, are to be recovered accordingly.

Upto Rs.25000/- --------------

Above Rs.25000/- & Rs.2 lacs -------------

Above Rs.2 lacs & upto Rs.5 lacs ----------

Above Rs.5 lacs & upto Rs.20 lacs --------

Above Rs.20 lacs & upto Rs.50 lacs -------

Above Rs.50 lacs & upto Rs.2 crores ------

Above Rs. 2.00 crores -----------------

Nil

500/-

1000/-

3000/-

5000/-

8000/-

10000/-

NOTES:-

(i) Documentation charges are to be recovered in case of entire fund based limits including DPG, Usance LC.

(ii) Charges are to be recovered at the time of obtaining the set of documents, before disbursement.

(iii) No charges if no fresh / additional documents are obtained.

(iv) Review-cum-enhancement – for the entire amount of reviewed limits.

(v) Ad-hoc limits / Excess drawings – at the time of taking documents for ad-hoc limits.

(vi) Actual expenses incurred in registering charge with ROC to be recovered additionally.

(vii) Obtaining LAD – No documentation charges.

(viii) No documentation charges : -  Educational loans, LABOD/OD against bank’s own deposits & loans    against NSCs, KVPs, Govt. Securities, loan to staff  members and Pensioners.

(ix) Due to some reasons, if the documentation charges are debited to D/L /T/L account, the branch to ensure that the amount so debited is recovered immediately and credited to the said loan account.

Inspection charges

Charges (per inspection) for carrying out inspection of securities charged to the Bank:-

Accounts with limits- 

a. Upto Rs.25000/- --------------

b. Above Rs.25000/- & Rs.2 lacs ----------

c. Above Rs.2 lacs & upto Rs.10 lacs ------

d. Above Rs.10 lacs & upto Rs.20 lacs ---

e. Above Rs.20 lacs & upto Rs.25 lacs ----

f. Above Rs.25 lacs & upto Rs.50 lacs ----

g. Above Rs.50 lacs & upto Rs.1 Crore----

h. Above Rs.1 Crore & upto Rs.5 crores ---

i. Above Rs. 5.00 crores -----------

NIL

400/-

500/-

750/-

750/-

1000/-

1500/-

2500/-

5000/-

NOTES:

(i) In additional to the above, actual conveyance and out of pocket expenses reimbursed to be recovered

(ii) In case of advance facility against Real Estate and Housing Loans the inspection charges are to be recovered once for all

(iii) In case of Loan accounts, other than commercial vehicles & machinery, inspection charges are to be recovered once for all

(iv) In case of Loans of Commercial Vehicles & Machinery, the inspection is to be carried out on half yearly intervals & charges to be recovered accordingly

(v) Inspection Charges are to be credited in the head of "Other Charges" of Profit & Loss account.

(vi) No Inspection Charges for Crop Loans

5.

Exchange & Commission

Bills Purchased / Discounted

Exchange / Commission on

OUTSTATION cheques / bills :-

i) For instruments drawn on our branches and no other banks where we have branches---------

ii) For instruments drawn on other banks where we do not have branch ---------

LOCAL cheques/bills:-

Bills purchased, where the cheque/bill is drwan on local bank and collectable through local clearing house / on presentation across the counter, exchange @ Rs. 3.50 per thousand subject to a minimum of Rs.50/- to be charged. 

NOTES:-

(i) The above noted exchange & commission covers interest for 10 days for (I) and 14 days for (II).

(ii) On cheques / bills returned unpaid, penal interest @ Base Rate + 7.50% p.a. from 11^th/15^th day of purchase as the case may be till date of actual reimbursement.

(iii) Overdue interest is also to be charged @ 2% p.a. on cheques / bills realized/returned unpaid from 11^th/15^th day as the case may be.

(iv) Out of pocket expenses (postage, telegram etc.) and collecting bank’s charges, if any, should be recovered in full.

(v) “Date of actual reimbursement”:-

a. Where a bill is sent to our branch, the date on which funds is actually received at the drawee center/branch.

b. Where bills are sent to other banks or where instruments are returned unpaid, the date of reversal of the B.P. entry at the purchasing branch.

@ Rs.9/- per thousand or part thereof

@ Rs.12.50

per thousand or part

thereof

6.

Payment against clearing/

uncleared effects

Where the branch allows payment against clearing / uncleared effects charges are to be recovered as under: -

(i) In case of C/C, O/D accounts, interest is to be recovered @ applicable to the concerned account for the period for which bank remains out of funds subject to minimum of Rs. 100/-per occasion.

(ii) In case of other accounts such as C/A interest is to be charged @ Base Rate  + 7.50% p.a.  for the period bank remains out of funds subject to minimum of Rs. 100/-per occasion.

7.

Inland Letter of Credit

(I) Usance charges according to the tenor of the bill:-

  (i) For bills upto -7- days sight

 (ii) Over -7- days & upto -3- months

(iii) Over -3- months sight -----------

(II) Commitment Charges:-

For the period of liability (i.e. date of opening of LC to the last date of its validity) - for each quarter or part thereof ---------------- 

(III) Extension of LC / Amendment of LC etc.:-

NOTES:-

a) An extension may be allowed free of commitment charges if such extension does not run into another block of -3- months.

b) If the LC amount and period of Usance is subsequently increased, both Usance & commitment charges should be recovered on the amount so increased with a minimum of Rs.200/-

c) For any amendment other than extension of validity or increase in amount, flat charges of Rs.200/- on each occasion.

d) Only 25% of the normal charges may be recovered if the LC is secured by 100% cash margin or term deposits.

e) In case of Revolving LC, the charges will be same. At the time of issuing reinstatement, commitment charges will be @ 0.25% on the reinstated amount only subject to minimum of Rs. 200/-.

f) Negotiation charges -

For bills upto Rs.2.50 lacs - 0.45%  subject to min. Rs.200/- and for bills over Rs. 2.50 lacs - 0.30% subject to min. Rs.1200/- + discount at applicable rate of interest from date of negotiation to date of reimbursement.

IMPORTANT:-

For further clarification/ guidance you may  refer to the nearest branch.            

0.25% subject to minimum Rs.300/-           

0.45% subject to minimum Rs.300/-           

0.458% for the first -3- months & 0.15% p.m. thereafter- min Rs. 300/-

0.25% subject to minimum Rs. 500/-

Out of pocket exp. are to be recovered in addition to usual charges