SR No.

   ii) Prepayment is not from own funds

a) If the credit facility is closed before 1 year of opening.

In Case of Term loan - 4% of Outstanding Balance plus applicable taxes
In other cases - 4% of Sanctioned limit or outstanding Balance, whichever is higher plus applicable taxes

b) If the credit facility is closed after 1 year but before 3 years of opening.

In Case of Term loan - 2% of Outstanding Balance plus applicable taxes
In other cases - 2% of Sanctioned limit or outstanding Balance, whichever is higher plus applicable taxes

c) If the credit facility is closed between 3 to 5 years of opening.

In Case of Term loan - 1% of Outstanding Balance plus applicable taxes
In other cases - 1% of Sanctioned limit or outstanding Balance, whichever is higher plus applicable taxes

d) If the credit facility is closed after 5 years of opening.

Pre-payment penalty : Nil 

l)

Solvency Charges :

Upto Rs.2 Lac

Rs.400+ App.Tax

Above Rs. 2 Lac

@ 0.20 % of Amount +App.Tax Max. Rs. 20000/- +App.Tax For Extra Copies – Rs. 200/- Per Certificate + App. Tax

m)

Custodian Charges:-
(For Property papers and Gold Ornaments)

Rs.100/- +App. Tax for Per Completed Month.

n)

Conversion Charges

1) Housing Loan

@ 1.00% on Outstanding Balance at the time of conversion. @ 0.50% For subsequent conversion on Outstanding Balance. Maximum Rs.100000/-

2) SME/Commercial Loan

@ 1.00% of Sanction Amount of CC/OD A/cs and Outstanding Amount of Term Loan A/cs Maximum Rs.25000/-

o)

GP Parsik Bank Guarantee (Upto Rs.80 Lakhs):

i) 100 % Cash Margin

Upto 0.25% Per quarter + App. Tax

ii) Bank Guarantee – For Land Acquisition Matter

Upto 0.13% Per quarter + Applicable Taxes

iii) Other than above Bank Guarantees

Upto 0.70% Per quarter + Applicable Taxes

iv) When Revolving Limit is sanctioned

The Margin Money and Commission will be decided by the Board / Executive Committee.

v) Bank Guarantees Cancellation Charges

Rs. 500/- Per Guarantee + Applicable Taxes

vi) Bank Guarantees Amendment Charges

Rs. 500/- Per Guarantee + Applicable Taxes

vii) Bank Guarantees Invocation Charges

Upto 1% of Bank Guarantee amount, Min. Rs. 500/- & Maximum Rs. 5000/- per Invoked Bank Guarantee.

viii) Bank Guarantees early Redemption Charges

1. If Bank Guarantee is not submitted to beneficiary & returned back by the applicant to the Bank.

Refund full commission after deducting Rs. 500/- as processing charges.

2. If un-expired period of Bank Guarantee is less than one year and applicant returned back Bank Guarantee.

No Refund of commission will be given.

3. If un-expired period of Bank Guarantee is more than one year and applicant returned back original Bank Guarantee.

Refund of 50% commission will be given to the extent of remaining full Years only.

ix) Bank Guarantee Processing Charges

Upto 1% of Bank Guarantee amount, Min. Rs. 100/- & Maximum Rs. 10000/-

x) Mode of commission Collection

Up-front all charges, Irrespective of period of Guarantee

GP Parsik Bank Guarantee (Above Rs.80 Lakhs):

i) 100 % Cash Margin

Upto 1.00% Per quarter + App. Tax

ii) Bank Guarantee – For Land Acquisition Matter

Upto 1.00% Per quarter + App. Tax

iii) Other than above Bank Guarantees

Upto 1.20% Per quarter + App. Tax

iv) When Revolving Limit is sanctioned

The Margin Money and Commission will be decided by the Board / Executive Committee.

v) Bank Guarantees Cancellation Charges

Rs. 1000/- Per Guarantee + Applicable Taxes

vi) Bank Guarantees Amendment Charges

Rs. 1000/- Per Guarantee + Applicable Taxes

vii) Bank Guarantees Invocation Charges

Upto 1.50% of Bank Guarantee amount, Min. Rs.1000/- & Maximum Rs. 5000/- per Invoked Bank Guarantee.

viii) Bank Guarantees early Redemption Charges

1. If Bank Guarantee is not submitted to beneficiary & returned back by the applicant to the Bank.

Refund full commission after deducting Rs. 1000/- as processing charges.

2. If un-expired period of Bank Guarantee is less than one year and applicant returned back Bank Guarantee.

No Refund of commission will be given.

3. If un-expired period of Bank Guarantee is more than one year and applicant returned back original Bank Guarantee.

Refund of 50% commission will be given to the extent of remaining full Years only.

ix) Bank Guarantee Processing Charges

Upto 1.20% of Bank Guarantee amount, Min. Rs. 500/- & Maximum Rs. 10000/-

x) Mode of commission Collection

Up-front all charges, Irrespective of period of Guarantee