ITEM

SERVICE CHARGES (INCLUSIVE OF SERVICE TAX)

EXISTING

REVISED (In line with SBI)

Loan Processing Charges (Applicable to CC, OD & DL)

Fund based + Non-fund based limits
Up to Rs.25,000/- - Nil Above Rs. 25,000/- but up to Rs. 2 Lac- Rs. 300/¬ Above Rs. 2 lac but up to Rs. 1 cr. Rs. 300/- per lac Above Rs. 1 cr. - Rs. 300/ per lac Min.30000/- Max. Rs.12 lac
(To be charged on adhoc limits also)

(i) No processing charge to be recovered on loans against our own deposits. Govt. securities, NSCs, KVPs, IVPs etc.

(ii) 25% of processing charges will be recovered up-front irrespective of sanction of limits.

(iii) Processing chargers are not applicable for term loans as upfront fee will be recovered.

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

(v) Where account could not be renewed in time due to delayed submissions of data by the borrower, the charge is to be recovered for continuing the advance.

(vi) In respect of PMRY/SGSY and other Govt. sponsored schemes, recovery of service charges will be in accordance with the terms of the scheme.