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Business Loan Fees & Charges

Charges Amount
PDC Charges Rs. 850
Bouncing Charges (per event) Rs. 450
Cancellation Charges 2% of business loan amount or Rs. 5750 whichever higher
Duplicate NOC Rs.550
Swapping Charges (for payment mandate) Rs.600
Foreclosure Charges 4.5% of the principal outstanding at the time of foreclosure along with applicable taxes, if any
Foreclosure Charges for Top Ups 2% on future principal outstanding on existing business loan + GST
Duplicate Repayment Schedule Rs. 550
Legal action under Section 138 of Negotiable Instruments Act, 1881, and/or Section 25 of Payments and Settlements Systems Act, 2007 Rs. 3400
Initiation of Arbitration proceedings Rs. 4000
Obtaining of Receiver Order from a District Court Rs. 4000
Obtaining of Receiver Order from the High Court Rs. 13500
Issue of Legal Notice (per notice) Rs. 125 to Rs. 300
Execution of Award Rs. 5600