|Schedule of Charges - TDF (Secured Business)|
|Non- submission of Monthly/ quarterly Stock & Book Debt Statements||15th of the following month/ quarter||Rs 5000 p.m. (till statement is submitted)|
|Non- submission of Insurance Policy with Kotak Mahindra Bank as Loss Payee||Before renewal. In case of renewed policy: on expiry of existing policy||Rs. 1500/- per month until the policy is submitted and in case of renewal debit the customer's account on expiry date for expenses to bring necessary insurance in place|
|Non submission of Provisional/Unaudited Financial for the year ending 31st March||On or before 31st August every year||Rs. 5000/- per month until the financials are submitted|
|Non- submission of Audited Financial for the year ending 31st March||On or before 31st December every year||Rs. 5000/- per month until the financials are submitted|
|Monitoring of Covenants/ Events of default||As per sanction terms||Rs.1500/- for every event of default|
|Overdue Charges/ Default/ Penal Rate / Audit Shortfall||On amounts remaining unpaid on due date/ On occurrence of any event of default||3.00% p.m., compounded monthly on outstanding/unpaid amount|
|Non- submission of Net Worth Statements||On or before 31st December every year||Rs. 5000/- per month until the Statement is submitted|
|Non- submission of End Use Certificate||On or before 31st May every year||Rs. 5000/- per month until the certificate is submitted|
|Foreclosure Charges||As per Borrowers request||3.00% on the principal outstanding|
|Part Prepayment Charges||As per Borrowers request||3.00% of the amount prepaid|
|Closure Fees||As per Borrowers request||a. In the event, the Borrower closes the working capital facility/ies account/s within 6 months of the first disbursal/utilization of the said facility/ies, the borrowers shall pay to the bank closure fee at the rate of 3.00% of the limit/s sanctioned.|
|b. In the event, the Borrower closes the working capital facility/ies account/s after 6 months of the first disbursal/utilization of the said facility/ies, the borrowers shall pay to the bank closure fee at the rate of 2.00% of the limit/s sanctioned.|
|Temporary Overdraft (TOD) Setting up fees||As per Borrowers request||Maximum up to Rs.25000/- for every request made by the Borrower or Approved at the time of TOD sanction.|
|Adhoc/Overdraft Setting up fees||As per Borrowers request||Minimum Rs.25000/- for every request made by the Borrower or Approved at the time of Adhoc/Overdraft approval.|
|Stamp duty, documentation & External agency/firm Charges/fees for outsourced activities like, Registration, Title Search, ROC Search, Valuation, Insurance, Audits etc.||As an when applicable||All charges/fees of external agencies/firms on actual amounts expended shall be borne by the Borrower (debited to the account of borrower).|
|Low Churning Penalty||Monthly||2% of Average Utilisation if churning is less than 40% of the limit.|
|Average Utilization is < 50%||Monthly||Rs.10000/- p.m.|
|Increase in Rate of Interest||Quarterly||If the account conduct is unsatisfactory for reasons like poor average credit churning of 25 % and/or high average utilization of 95 % or above during review period, Account in DPD for three Consecutive months for EMI/Interest Servicing or for any other deficiency either credit or Risk related, after a comprehensive review of the account ,Bank & increase the applicable ROI from 0.5% to 5 %|
|Processing Fees / Service Charges||Up to 2% of Limit Approved for new proposal and enhancement & Up to 1% during renewal|
|Legal Charges||As and when applicable||All charges/fees of external agencies/firms on actual amounts expended shall be borne by the Borrower (debited to the account of borrower).|
|BG/LC Commission||Maximum Up to 3%|
|Deferrals non-submission charges||Rs. 2500 / Month / CRN (15 Days post Expiry of due date of Deferral)|
|Late Renewal Fee||Renewal after 1 Month Post Original Expiry Date / CRN||Rs. 5000 / Month / CRN|
|Change / Part release of collaterals - Charges per property as per Customer request||As and when requested by customer||Rs.10,000/- per instance or approved|
• Respective Business Head or National Sales Manager can approve any deviation to above charges.
• Business Head can further delegate & define approval authority at ZSM/RSM/ASM/State Head/RM level for BG/LC commission & PF.
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