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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. Stamp duty varies from state to state.
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| Description of Charges |
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Loans Against Securities |
| Loan Processing charge / Renewal charge |
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Minimum Rs. 2000/- upto 1% of the loan amount on account opening, and Rs. 1500/- p.a. on renewal at the end of each year. |
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Nil |
| Solvency certificate |
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N.A. |
| Further Interest on Overdrawn amount |
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2% per annum |
| Charge for changing from fixed rate of interest to floating rate of interest |
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N.A. |
| Charges for changing from floating rate of interest to fixed rate of interest |
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N.A. |
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N.A. |
| Document Retrieval charge |
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N.A. |
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Rs. 250 per instance |
| Charges for Interim Valuation Report (IVR) |
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Rs 50/- per IVR |
Service Tax and other Government taxes, levies, etc. applicable as per the prevailing rates will be charged in addition to these charges.
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