canara bank charges

8/11/2019 Canara Bank Charges

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CREDIT POLICY SECTION

RISK MANAGEMENT WING

HEAD OFFICE: BANGALORE-560002

SERVICE CHARGES ON CREDIT RELATED TRANSACTIONSNON PRIORITY ADVANCES (OTHER THAN

RETAIL LENDING SCHEMES) - COMMISSION AND OTHER CHARGESREVISION W.E.F. 16.08.2013

I. PROCESSING CHARGES ON WORKING CAPITAL LIMITS INCLUDING SHORT TERM LOANS

REPAYABLE WITHIN 12 MONTHS:

(i)

Fund Based (FB) Facility

SLAB RATE

Upto 50000/- 250/-

> 50000/- and upto 2 lakhs 0.30% with a minimum of 500/-> 2 lakhs 300/- per lakh with a minimum of

600/- and Maximum of 20 lakhs in a

year

(ii)

Non-Fund Based (NFB) facility

50% of charges applicable to Fund based Working capital limits with a maximum of Rs.20 lakhs

in a year.

Maximum processing charges for both FB and NFB facilities together not to exceed Rs.25 lakhs

in a year.

II. UPFRONT FEE ON TERM LOANS

SLAB RATE

Upto 50000/- 250/-

Above 50000/- and upto Rs 2 lakhs 0.50% of the loan amount with a minimum

of 500/-

Above 2 lakhs and upto Rs.5 Crore 1.25% of the loan amount.

Above 5 Crore upto 25 Crore 1.00% of the loan amount. Min. 6.25 lacs

Above 25 crore 0.80% of loan amount. Min 25 lacs and

Max. 50 lacs

III.

REVALIDATION OF SANCTIONS

SLAB RATE

Upto Rs.1 crore 0.50% of the limit with a maximum of Rs.15,000/- for

each revalidation

Above Rs.1 crore 0.10% of the limit with a minimum of Rs.15000/- and

maximum Rs.1,25,000/- for each revalidation


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IV. MODIFICATION OF SANCTION TERMS & CONDITIONS

SLAB RATE

Above Rs.50 crores Rs.1 lac for each modification*

1.

Loans/Advances exclusively against government securities (Primary) - 0.10% of the loan

amount with a minimum of Rs 50/- and maximum of Rs 250/- .

2.

Loan against third party deposits - as per schedule of charges in I above.

3.

Substitution of shares / securities - Rs.100/- for each occasion.

V.

ADHOC CREDIT FACILITY

2. The facility permitted for a period exceeding 15/ 30 days - normal processing charges as in 1

above for the period permitted.

VI.

GODOWN CHARGES:

(a) In case of pledge transactions:

- Upto Rs.2 lacs - Nil

- Above Rs.2 lacs - Rs.100 per inspection

(b) In case of other than pledge transactions:

SLAB RATE

Limits Upto and inclusive of Rs 5000/- NIL

Limits Above Rs 5000/- and upto and

inclusive of Rs 25000/-

Rs 50/- per inspection with a maximum of

Rs.750/- per year

Limits Above Rs 25000/- and upto and

inclusive of Rs 2 lakhs

Actual expenses incurred with a minimum of

Rs 100/- per inspection and a maximum of Rs

1500/- per year

Above Rs 2 lakhs Actual expenses incurred with a minimum of

Rs 200/- per inspection, No maximum ceiling

VII.ISSUE OF PROJECT APPRAISAL CERTIFICATES:

Project Appraisal Certificates issued on behalf of our customers - Rs.10000/- per Certificate.

1.

The facility permitted for a period not exceeding 15/ 30 days

- No charges if cleared within 15/30days

- If not, @ 0.10% p.a on the amount of overdrawing allowed with a minimum of Rs 100/- and

maximum of Rs 5000/-.

-Such charges will not be collected for overdrawings/TOD in Savings Bank account.


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VIII.

DOCUMENTATION CHARGES

SLAB RATE

CLEAN

Not over Rs.2.00 lac NilAbove Rs.2.00 lac 0.10% with a minimum of Rs. 500 and

maximum of Rs. 25,000

SECURED

Not over Rs. 2.00 lac Nil

Above Rs. 2.00 lac 0.15% with a minimum of Rs.750 and

maximum of Rs.30,000

EQUITABLE MORTGAGE CHARGES (BOTH FOR ORIGINAL AND

EXTENSION OF MORTGAGES)

Less than Rs.1 crore Nil

Rs.1 crore to Rs.10 crore Rs.20 per lac or part thereof - Max Rs.15000

Above Rs.10 crore Rs.20000

Renewal of existing limits, without any change in terms and conditions of sanction, 50% of

applicable documentation charges is collected.

IX. CHARGES FOR CANCELLATION OF BANKS LIEN ON GOVERNMENT SECURITIES / LI POLICIES

ON CLOSURE OF THE LOAN:

1.

Within 1 month from the date of closure of loan at the rate of Rs.100/- per instrument +

OPE

2. If lien cancellation is sought after 1 month from the date of closure of loan charges willbe Rs 200/- per instrument + OPE.

X. CHARGES FOR COPY OF DOCUMENTS:

Charges if copy of documents is for

submission to any statutory authority

Rs 1000/- + Actual photocopying charges

Charges if presence of bank official is

required along with the documents for

obtention of photo copies.

Rs 2000/- + Actual photocopying charges

+ OPE

XI.

CONSORTIUM ADVANCES/JOINT LENDING ARRANGEMENT

Lead Bank fee:

Wherever we are the leaders in a consortium/Joint Lending Arrangement (JLA), the lead bank

fee is collected on the total assessed fund and non fund based working capital credit limits on

annual basis.


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Upto Rs.10 crores 0.30% subject to a maximum of Rs.3.00 lacs

> Rs.10 crore to Rs. 50 crore 0.25% subject to a minimum of Rs.3.00 lacs and

maximum of Rs.12.50 lacs

> Rs.50 crore 0.20% subject to a minimum of Rs.12.50 lacs and

maximum of Rs 50 lacs

XII.COMMITMENT CHARGES

1% p.a. on the committed line of credit and / or unutilized / unavailed sanctioned WC limits

or ST limit of Rs.10 crore and above for both WC and TL.

XIII.

GUARANTEES- COMMISSION

Nature of BG Commission

Performance Guarantee Minimum Commission - Rs.500/-

-Upto Rs.5 Crore2.25% p.a. (With Minimum Margin of25%)

- Above 5 Crore Upto 10 Crore - 2.00% p.a. (With

Minimum Margin of 25%)

- Above 10 Crore -1.30% p.a. (With Minimum Margin of

15%)

Note :

Minimum Commission for 3 months irrespective of amount.

Other than Performance

Guarantee

Minimum Commission - Rs.500/-

-

Upto Rs.5 Crore2.50% p.a. (With Minimum Margin of25%)

- Above `5 Crore Upto `10 Crore -2.25% p.a. (With

Minimum Margin of 25%)

- Above `10 Crore - 1.50% p.a. (With Minimum Margin of

15%)

Note :

Minimum Commission for 3 months irrespective of amount

Guarantee secured by

100% margin

` 500 (Minimum) + 25% of the normal commission as

above.

Advising of Inland BGs

through SFMS

0.20% of the amount of BG with a minimum of Rs. 300/-

and max Rs. 2000/-

Advising of AmendmentFlat charges of Rs. 500/-

Bank Guarantees favouring

NSE / BSE / NCDEX on

behalf of Stocks and Share

Brokers

Base commission of Rs.1000/- + 1.75 %p.a.


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XIV.

OTHERS

1 Letter of

Undertaking

As applicable to Financial Guarantees (Refer Para A

above

2 Letter of Comfort For amount less than Rs.10 Crore - 0.05% of theamount with a minimum of `1000 and maximum of

Rs. 25000/.

For amount of ` 10 crore & above Rs.50000/- flat.

3 Letter of Guarantee 0.10% of the amount with a minimum of Rs.5000/-

and maximum of Rs.75000/-

Note: All charges are excluding the Service Tax

XV.DELIVERY ORDER/GUARANTEE/INDEMNITY

Delivery order/Guarantee/Indemnity favouring Railways/ Transport Companies/ other

carriers to take delivery of the goods received under our LC - Rs 200/- per guarantee/delivery

order besides other incidental expenses like postage

XVI.

CAPABILITY CERTIFICATE:

1.

Rs.1/- per Rs.1000/- with a minimum of Rs.100/- & maximum of Rs.500/- per certificate

2.

Additional capability certificate in respect of the same student for applying to other

Universities / same university within 12 months from the issue of original capability

certificate: Rs 50/- per certificate.

XVII.

SOLVENCY CERTIFICATE:

0.10% with a minimum of Rs 500/- and maximum of Rs.25000/-per certificate.

XVIII.COMMERCIAL PAPER

Nature of transaction Charges

Issuing/Paying Agent 0.50% (flat charges of face

value of CP issue)

Allotment/redemption and sale/ purchase

transactions:

a.

Account maintenance

b.

Transaction charges - per security -

Sale/Purchase

c.

Request for dematerialization - per request

CSDL

Rs.1000 pa

Rs. 300

Rs. 50

NSDL

Rs. 400 pa

Rs. 350

Rs. 50


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XIX.INLAND LETTERS OF CREDIT

05 Advising Charges 0.20% with a min of Rs.300/- and max of Rs 2000/-.

Advising of AmendmentFlat charges of Rs.500/-

06 Confirmation Charges 0.25% p.m. for the period of validity & Usance on the

LC amount.

01 Minimum Charge Rs 300/- per LC

02 Commitment + Usance Charges Commitment + Usance Charges

LC Upto 5 Crore 2.40% p.a.

Above Rs 5 crore to Rs10 Crore 2.00% p.a.

Above Rs 10 Crore 1.75% p.a.

Minimum charges - 0.60% or 1000/- whichever is

higher. (Above charges are inclusive of commitment and

usance charges)

The period is calculated from the date of opening LC to

the last date of its validity + Usance period of bill. For

sight LCs, one month period is reckoned over and above

the last date of LC validity. Part of a month construed as

a completed month.03 Amendment Charges i) For enhancement of amount of LC/Period: Usance,

Commitment charges or both as the case may be subject

to a minimum commission of Rs.500/-.

ii) Other amendments - Flat commission of Rs.500/-.

04 Revolving LCs While opening a Revolving LC Usance charge:

As per the rates specified in (2) above reckoned on the

maximum amount of drawings permitted.

Commitment Charges :

As specified in (2) above from the date of opening to the

last date of its validity

(Minimum Commission of Rs.750).

On Reinstatement:

Usance Charges + Commitment charges (as per (2) above

on the reinstated amount

(Min Commission of Rs.1000 on each reinstatement)


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XXVI.

DELAY IN SUBMISSION OF AUDITED BALANCE SHEET

Penal interest of 2% on the outstanding liability if the Audited financial statement is not submitted

before 31st October of every year or within a fortnight from the date of adoption of the accounts

of the company whichever is earlier. This shall not be applicable to PSUs/ Government

organisations and those organisations statutorily exempted from audit.

PROVISIONS APPLICABLE TO PROCESSING CHARGES:

1. Processing charges is collected upfront at the time of initial processing of the proposal, as also

at each renewal / enhancement of limit / additional limit / extension of credit limits / Adhoc

limits.

2.

The amount-collected as processing charges will be refunded if the proposal is turned down by

the Bank. However, the amount so collected will not be refunded if the borrower fails to avail

the loan/limit sanctioned or to comply with the Banks requirement in furnishing necessary

information/documents.

3.

In the cases when different types of credit facilities are sanctioned to the same party, if the

credit proposal is processed at one time, the maximum processing charges as mentioned under

1 above is applicable. However, if the proposals are submitted and processed at different points

of time, the ceiling is applicable for each processing separately will apply.

4. For enhancements/ modifications before the date of renewal, processing charges will be

collected for the enhanced portion, prorata for the period for which enhancement is permitted.

5.

In case of extension of credit limits, pro-rata processing charges will be collected for the

extended period.

6.

In case of Working capital limits permitted for a period of more than one year, the processing

charges will be collected on yearly basis.

7.

In the case of parties availing agricultural and non-agricultural limits/loans both the limits are

clubbed and the applicable charges mentioned above are collected.

8.

All expenses actually incurred for servicing the borrowal accounts such as inspection, pre-

sanction and post-sanction visits, recovery visits, insurance, valuation charges payable to

approved valuers in respect of land, building, plant, machinery, vehicles, sending notices, legal

charges etc. are collected from the borrower.

9.

Commitment charges are applicable to borrowers (Limited companies only) with sanctionedlimits (Fund based, Non-fund based or combination thereof including Term loan) of Rs.10 crore

and above from the Bank. The limit sanctioned / committed line of credit shall be availed within

a period of 3 months from the date of sanction, or else, commitment charges will be collected

from the date of sanction till its availment.

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canara bank charges

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