SERVICE CHARGES ON ADVANCES RELATED SERVICES UNDER C&I ,SIB AND AGRI SEGMENTS

Item

Service Charges (w.e.f. 15.03.2008)

Loan Processing Charges

(For working capital loans)

Fund based+Non-fund based limits Upto Rs. 25,000 – Nil

Above Rs.25,000/- but upto Rs. 2 Lacs Rs. 500/-

Above Rs. 2 lacs but upto Rs. 1 cr.

Rs. 500/- per lac

Above Rs. 1 cr. – Rs.400/- per lac

Min.50,000/- Max.Rs.20 lacs

(To be charged on adhoc limits also)

In case of stand by line of credit (WC)-1% p.a

· No processing charge to be recovered on loans against our own deposits,Govt securities, NSCs KVPs, IVPs etc

· 25% or processing charge will be recovered up-front irrespective of sanction of limits.

· Processing charges are not applicable for term loans, as upfront fee will be recovered.

· The charges are to be recovered at the time of initial processing as well as each renewal.

· Where account could not be renewed in time due to any reason, pro-rata processing charges should be recovered continuance has been permitted.

Upfront fee/Processing charges (for Term loans)

Term loans above Rs.2 lacs but upto Rs. 5 Crores

Term Loans above Rs. 5 cr. But upto Rs. 10 Cr.

Term Loans above Rs. 10 Crores.

For schemes where refinance is obtained

1.25% of loan amount

1.50% of loan amount

1.00% of loan amount

Min .Rs.15 lacs

(To be charged on short term corporate loans also)

As specified by refinancing

agency

Note: 1) Actual out of pocket expenses to be recovered in all cases

2) Charges for services, not enumerated above will continue as extant

3) Service charges proposed above are inclusive of Service Tax & Education Cess thereon

Lead Bank fees

(Where lead bank fee is recovered, no processing charge is to be recovered)

Not less than 0.15% p.a on aggregate working capital limits extended by the consortium. A higher percentage where feasible,

Max.Rs.30 lacs

Charges for sub-limits at other branches

Rs.10000/- p.a. for allocation of limits to each branch (To be recovered by controlling branch)

In case of advances moved from one business unit to another at Bank’s instance-(No change)

Charge for creation/extension of Equitable Mortgage

(SME & C&I only)

Per borrowing entity with FB limits of

Upto Rs. 10 lacs-Rs.500 per lac(No Change)

Above Rs. 10 lac but upto Rs. 5 crore Rs. 15,000/-

Above Rs. 5 crore Rs.20000/-

· The charges are applicable for extension of mortgage for enhancement and for substitution of title deeds.

· The charge specified is applicable per instance irrespective of the number of title deeds.

· The charge is applicable for extension of equitable mortgage recorded in favour of other lenders.

Commitment Charges:

Working Capital (WC)

For All fund-based WC limits irrespective of the size of the limit

Term Loans

For all term loans- irrespective of working capital limits

0.25% p.a. on the entire unutilized portion if average utilisation is 60% or less. To be levied half-yearly- (No change)

1.20 % for delayed draw down beyond 2 month.

· Exceptions (WC)- Limits to sick/weak units, export credits, purchase/discounting of bills, against bills for collection to commercial banks/ Fis/ Co-Op.banks/ LDBs, pre-sanctioned lines of credit and standby line of credit.

Inspection Charges

Upto Rs. 25,000/- - Nil

Over Rs. 25,000/- & Up tp Rs. 2 lacs – Rs. 500/-p.a.-No change

Above Rs. 2 lacs but upto Rs. 5 crore –

Rs.500/- per lac p.a for inspection within same municipal limits or within an 8 Km radius of the location of the branch, with

i) a maximum of Rs.12000/- p.a for inspections stipulated at monthly intervals

ii) a maximum amount of Rs.9000/- p.a for inspections stipulated at quarterly intervals and

iii) a maximum amount of Rs.6000/- p.a for inspections stipulated at half-yearly intervals and

iv) a maximum amount of Rs.3000/- p.a for inspections stipulated at yearly intervals and

For outstation inspection or beyond 8 Km radius of the location of the branch, actual charges + 25%, subject to

i) a minimum of Rs.12000/- p.a for inspections stipulated at monthly intervals

ii) a minimum of Rs.9000/- p.a for inspections stipulated at quarterly intervals

iii) a minimum of Rs.6000/- p.a for inspections stipulated at half yearly intervals

iv) a minimum of Rs.3000/- p.a for inspections stipulated at yearly intervals

Above Rs. 5 crore – Actuals+ Service Tax + 25% subject to a minimum of Rs.12000/- p.a.

Documentation Charges*

(Applicable to loans Above Rs. 5 crores) -Rs.12000*

(*Where Equitable Mortgage charges are recovered documentation charges will not be recovered.)

*Upto 50% of documentation charges may be waived by sanctioning authority strictly on business considerations.

Non-submission of audited balance sheet.

For limits above Rs. 25 lacs-Rs.1200per month, if not submitted within 6 to 8 months of year-end.

Non-submission of stock statements

Rs.200/- if not submitted within 7 days of due date

Inland BGs Performance guarantees as well as financial guarantees

Upto Rs.5 cr – 0.6875% per quarter or part thereof subject to a minimum of one quarter or Rs.400/- whichever is higher.

Portion above Rs.5 cr & up to Rs.10 cr – .0.5625% per quarter or part thereof subject to a minimum of one quarter

Portion above Rs.10 cr- 0.4375% per quarter or part thereof subject to a minimum of one quarter

Plus Rs. 250 in each case as handling charges

Borrowers rated SBT5 & below – 0.0625% per quarter or part thereof over and above the normal charges, subject to a minimum of Rs.400/-

Note:

i) For BGs with 100% cash margin, 25% of the applicable charges to be recovered, subject to a minimum of Rs.400/-

Minimum guarantee commission

Rs. 400/-

Letter of comfort

Backed by 100% discharge of liability (viz., cash margin, sanctioned term loan, guarantee of First Class bank, 100% lien on drawing power) - 0.6875% p.a

Others - 2.75% p.a

Minimum charge for 3 months will be recovered

Exercise of Swing Option

@0.02% of amount involved, subject to a minimum of Rs.500/- and a maximum of Rs.2500/-

(No authority has been vested with discretion to reduce this service charge)

Inland LCs

Opening charges

Minimum charge of Rs.400/-

Commitment charge

A commitment charge for the period of liability (from the date of credit to the last date of its validity) @ 0.30% for every period of 3 months or part thereof with a minimum of Rs.200/-

Add on levy on the normal charge for borrowers with SBT5/SBTL5 and SBT6/SBTTL6 and below at 6% and 12% of the normal charges.

LCs upto Rs. 5 cr – (Normal rate)

LCs above Rs. 5 crores

Upto Rs. 5 crores –normal rate

For amount in excess of Rs.5 crores-85% of the normal rate

LCs above Rs. 10 cores

Upto Rs.5 crores-normal rate

For amount in excess of Rs. 5 crores and upto Rs. 10 crore-85% of the normal rate

For amount in excess of Rs. 10 crores – 70% of the normal rate

PLUS

Usance charges

(For all ILCs)

Usance charge

0.30% for bills upto 7 days sight

0.60% for bills over 7 days sight & upto 3 months sight

0.60% for first 3 months PLUS 0.30% p.m. in excess of 3 months for bills over 3 months sight

@ For LCs with 100% cash margin – 25% of the regular charges to be recovered, minimum Rs.400/-

Increasing value of credit	When the amount of credit is subsequently increased both usance and commitment charge shall be made on the amount so increased with Minimum charge of Rs. 300/-
Extension of period (Including Revolving LCs)	If the extension does not run into a fresh period of 3 months, no commitment charges to be levied. If the extension runs into a fresh period of 3 months charge @ 0.30% for further period of 3 months. Minimum – Rs. 300/-
Revolving LCs	Same as per LC opening charges plus on each reinstatement, usance charge according to tenor and commitment charges @ 0.30% will be charged, on the reinstated amount –min Rs. 300/-
Other amendments apart from extension in validity period or increase in value of LC	Flat commission of Rs. 300/-
Advising of LC	0.06% on each LC with a Minimum Rs. 1200/-
Advising of amendments	Rs.400/- per advice
Confirmation charges on LCs/ BGs	As applicable to LC opening charges
Acceptance charges	0.30 % with a minimum of Rs.300/-
Retirement of bills under Inland LC	0.25% of the bill amount.-No Change
Negotiation charges	Uniform charge for bills of all value @ 0.30% with a min. of Rs. 800/- plus discount at the applicable rate
Out of pocket expenses	All out of pocket expenses such as postages telegrams telexes cable shall be collected from the beneficiary unless otherwise specified- No change
Discount/interest	At the applicable rate from the date of negotiation to the date of reimbursement
Attestation of commercial invoice –Subsequent to negotiation.	Rs. 50/- per invoice subsequent to negotiation Min. Rs. 150/- on each occasion
Non-payment /non-acceptance of demand/ usance bills of exchange on presentation/on due date	0.15% of bill amount Minimum Rs. 300/-
Bill (Demand)/cheques	Interest @ 50 paise %+ collection charges as applicable+out of pocket expenses. Bills paid beyond transit period of 13 days interest@ 16% p.a. for delayed period beyond stipulated transit period. Bills returned unpaid interest @ 16% p.a. from the date of purchase after adjusting the amount collected @ 50 paise%

For demand bill under LCs negotiation charges to be levied instead of collection charges

Discounting of bills (Usance) Bills drawn under LCs Upto Rs.2 lacs	WC rate
Above Rs.2 lacs Upto 90 days	0.25% below SBTPLR, effective rate 12.75%
Above 90 days and upto 180 days	SBTPLR, effective rate 13%
Bills under non-first class banks LCs	Discount at interest rate as applicable to cash credit+negotiation charges as applicable+Out of pocket expenses as applicable.
Non-LC bills	Discount at interest rate as applicable to cash credit+collection charges as applicable+out of pocket expenses as applicable