Service Charges

Interest is charged only on the amount drawn and for the period for which it is utilized. Interest is calculated on a daily basis and debited to your current account on the last day of every month. The amount debited has to be paid back by you into the current account to regularize it. Stamp duty varies from state to state.

Description of Charges	Loan Against Securities
Non Refundable Loan Processing charge	CALAS Cases : Rs. 3500 plus applicable service tax. CARLB Cases : 0.25% of the loan amount subject to a minimum of Rs. 5000 plus applicable service tax.
Non Refundable Renewal charge	Rs. 2500/- p.a. plus service tax on renewal at the end of each year.
Pre-payment charge	Nil
Solvency certificate	N.A.
Further Interest on Overdrawn amount	Applicable Rate + 6% + applicable taxes or other statutory levies, if any
Charge for changing from fixed rate of interest to floating rate of interest	N.A.
Charges for changing from floating rate of interest to fixed rate of interest	N.A.
Cheque Swap charge	N.A.
Document Retrieval charge	N.A.
Cheque return charge	Rs. 250 per instance
Charges for Interim Valuation Report (IVR)	Rs 50/- per IVR