Andhra Bank
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Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on adchelpdesk@andhrabank.co.in

 
Service Charges & Fees
 
 bulateRevision in certain Service Charges/ other charges on advances (w.e.f. 11-12-2018)
 

Our Bank has been levying service charges on certain services from borrowers towards the credit facilities/services availed by them from the Bank.The revised Service Charges to be collected are furnished hereunder:

*Details of new service charges on advances w.e.f. 11.12.2018
S No Type of service Applicable Charges
1 Notice charges Overdue/recall/SARFAESI notices:
₹ 100/- per notice

Legal Notice:
₹ 500/- + actual fee paid to advocate
2 Allocation of sub-limits to other branches ₹ 25,000/- p.a. per branch
3 Extension/ shifting of COD As per the charges applicable to Modification in sanction terms and conditions. 0.05% of the limit with a minimum of ₹ 3,000/- and maximum of ₹ 2.00 lakh for each reference.

Not applicable to loans/ advances sanctioned under Retail Credit

Only 50% of the charges are applicable for loans/advances sanctioned under MSME sector.
4 Security Trustee account for holding joint documentation/ securities on behalf of member banks One time charge of 0.50% of the limit
5 Lodgement / Release of pledged goods ₹ 100/- + actual conveyance, if any.

Not applicable for gold loans
 
Details of revised service charges and other charges on advances w.e.f. 11.12.2018
S No Type of service Revised charges
1 Commitment Charges Fund based limits:

a) Working capital:
For limits above ₹ 1 crore: Maximum tolerance level of 20%:

0.50% p.a. (Exclusive of overall ceiling of 2% p.a. penal interest)

b) Term Loans:
For limits above ₹ 5 crore:

1% p.a. for delay in drawdown schedule beyond one month.

Non-fund based limits:
For limits above ₹ 1 crore & with maximum tolerance level of 20% on yearly basis:
0.50% p.a. (Exclusive of overall ceiling of 2% p.a. penal interest)
2 Service charges for providing copy of credit information reports ₹ 50/- for consumer report
₹ 500/- for commercial report
3 Unsatisfactory cumulative inflow in our OD/CC a/c (turnover not routed through our a/c) Applicable for Working capital accounts with limits above ₹ 1 crore with maximum tolerance level of 20%.

@ 2.00% p.a (exclusive of overall ceiling of 2% penal interest) for all loans & advances.

MSME Sector:
Concession in charges for loans/ advances sanctioned under MSME sector is withdrawn.

These charges are penal charges. However, Bank can review continuation of existing limits and if turnover is not routed through the a/c Bank reserves its right to recall the advance. Such condition has to be incorporated in the sanction letter.
4 Term Loans – Delayed/Non-payment of interest and instalment 5% p.a. additional interest on the overdue amount for the delayed period.

Retail Credit:
In case of loans under Retail Credit, additional interest on overdue amount for the delayed period:
Overdue period Additional interest
Up to 29 days 2% p.a.
Beyond 29 days 5% p.a.
 
Details of service charges and other charges on advances to continue (w.e.f. 05.09.2015)
 
 

S No

Type of service

Applicable charges

Limit

Charges

1

Processing Charges

 

Applicable to working capital limits (fund based & non-fund based)

₹ 400/- per lakh with a minimum of ₹ 1,000/-

a) For fund based loans/advances with 100% cash margin:

50% of applicable charges with a maximum of              ₹ 10,000/-

b) For non-fund based loans/advances with 100% cash margin:

25% of applicable charges with a maximum of              ₹ 10,000/-

c) Forward Contracts limit:  

Forward Contracts limit upto ₹1 cr.:   ₹   5,000/-

Forward Contracts limit above ₹ 1 cr.: ₹ 10,000/-

d) Applicable to WCDL repayable within 36 months (inclusive of gestation/holiday period, if any)

e) Not applicable to Loans against Deposits.

2

 

Upfront fee

Applicable to all Term Loans sanctioned to individuals/ firms/ societies /trusts/ companies etc. 

 

Also applicable to WCDL/WCTL repayable in more than 36 months (inclusive of gestation / holiday period, if any)

 

Term loans up to

Upfront fee

₹ 2 lakh

₹ 1,000/- per loan

> ₹ 2 lakh upto ₹ 5 cr.

1.30% of the limit with minimum of ₹ 3,000/-

> ₹ 5 cr up to ₹ 25 cr.

1.10% of the limit with minimum of ₹ 7.00 lakh

> ₹ 25 cr.

1% of the limit with minimum of        ₹ 30 lakh

 

Not applicable to Loans against Deposits.

 

3

Unit Inspection Charges

 

 

Up to exposure of ₹ 5 lakh

₹    150/- per quarter

> ₹ 5 lakh up to ₹ 50 lakh

₹    500/- per quarter

> ₹ 50 lakh up to ₹ 2 crore

₹ 1,000/- per quarter

> ₹ 2 crore up to ₹ 5 crore 

₹ 2,500/- per quarter

> ₹ 5 crore

₹ 4,000/- per quarter

a) Applicable to all fund based limits except Loans/Advances against deposits.

b) In respect of loans /advances sanctioned under Retail Credit & Priority Sector-RP&D, guidelines issued by respective departments at Head Office are to be followed.

4

Mortgage Charges

 

Up to ₹ 10 lakh

         ₹   5,000/-

> ₹ 10 lakh up to ₹ 1 crore

₹ 10,000/-

> ₹ 1 crore up to ₹ 5 crore

₹ 20,000/-

> ₹ 5 crore up to ₹ 25 crore

₹ 50,000/-

> ₹ 25 crore up to ₹ 50 crore

₹ 1 lakh

> ₹ 50 crore up to ₹ 100 crore 

₹ 2 lakh

> ₹ 100 crore

₹ 5 lakh

a) Not applicable to loans/advances sanctioned under Retail Credit and Priority Sector-RP&D.

b) Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector.

5

Modification in sanction terms and conditions

(for each reference)

 

 

0.05% of the limit – minimum ₹ 3,000/- and maximum  ₹ 2 lakh

 

a) Not applicable to loans/advances sanctioned under Retail Credit.

b) Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector.

6

Substitution of Collateral Security / Personal Guarantee

 

0.02% of the limit with minimum of ₹ 2,000/- and maximum of ₹ 50,000/-

 

a) Not applicable to loans/ advances sanctioned under Retail Credit.

b) Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector.

7

Release of Personal Guarantee / Collateral Security

0.03% of the limit with minimum of  ₹ 5,000/- and maximum of ₹ 1 lakh

 

a) Not applicable to loans/ advances sanctioned under Retail Credit/ Govt. Sponsored Schemes/RP&D[Small & Marginal farmers]

b) Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector.

8

Revalidation of lapsed sanctions

0.25% of the limits subject to a maximum of ₹ 10 lakh

 

a) Applicable to all loans and advances.

b) Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector.

9

BG Commission

Performance BGs up to 6 months

Up to ₹ 1 crore

 ₹ 250/- + 1%

Above ₹ 1 crore

₹ 1,000/- + 1%

Performance BGs above 6 months

Up to ₹ 1 crore

₹ 250/- + 0.50% per quarter or part thereof

Above ₹ 1 crore

 

₹ 1,000/- + 0.50% per quarter or part thereof

Financial BGs up to 6 months

Up to  ₹ 1 crore

₹ 250/- + 1.50%

Above ₹ 1 crore

₹ 1,000/- + 1.50%

Financial BGs above 6 months

Limits up to ₹ 1 crore

 

₹ 250/- + 0.75% per quarter or part thereof

Limits above ₹ 1 crore

 

₹ 1000/- + 0.75% per quarter or part thereof

BGs against 100% cash margin

Limits up to ₹ 1 crore

 

₹ 250/- + 25% of applicable commission

Limits above ₹ 1 crore

 

₹ 1,000/- + 25% of applicable commission

10

Import LC Commission

Commitment Charges

0.15% per quarter

Usance Charges

0.15% - up to 10 days sight

0.30% - more than 10 days up to 3 months sight

0.30% - for first 3 months + 0.075% per month in excess of 3 months

For LCs up to ₹ 1 crore – Normal charges

For LCs above ₹ 1 crore : Charges applicable up to ₹ 1 crore + 50% of applicable charges for above ₹ 1 crore

11

Inland LC Commission

 

Commitment charges

0.30% of LC amount with minimum of ₹ 500

Usance charges

0.30% - up to 7 days

0.60% - above 7 days up to 3 months

0.60%  - for first 3 months plus 0.30% per month in excess of 3 months for over 3 months

12

Documentation Charges other than consortium documentation

 

a) Not applicable to

i) loans/ advances against Deposits and loans/ advances sanctioned under Retail Credit.

ii)  loans/ advances sanctioned to small and marginal farmers upto ₹ 3 lakh under Priority Sector-RP&D.

 

b) Also applicable for sanction of renewal of limits except where Revival Letter is obtained as per Cir. No. 175, Ref. No. 11/03, dt. 06.08.2002.

Up to ₹ 50,000/-

Nil

> ₹ 50,000 up to ₹ 2 lakh

₹     750/-

> ₹ 2 lakh  up to ₹ 5 lakh

₹   3,000/-

> ₹ 5 lakh  up to ₹ 20 lakh

₹   7,500/-

>₹ 20 lakh  up to ₹ 1 cr

₹ 15,000/-

>₹ 1 cr  up to ₹ 10 cr

₹ 25,000/-

> ₹ 10 cr

₹ 50,000/-

Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector.

13

Earmarking/ Interchangeability of limits

 

0.01% of the limit with minimum of ₹ 2,000/- and maximum of   ₹ 50,000/-  

Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector

14

Buyers Credit/ LOC/SBLC

0.50% per quarter –   No maximum ceiling

Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector

15

JLF/Consortium meeting charges when executives visit

₹ 10,000/- + Actuals

16

TUFS handling charges

0.10% on eligible amount of loan for subsidy-one time charge

17

SEFASU proportionate charges

0.10% on eligible amount of loan for subsidy-one time charge

18

Specialized charges for any certificate

₹ 5,000/- per certificate for corporate borrowers

19

TL annual review charges

a) ₹ 50/- per lakh – Max. ₹ 2.50 lakh for MSME sector.

b) To be collected on outstanding liability in the month of January/ February in respect of standalone term loans.

c) To be collected along with annual processing charges for WC limits in respect of other term loans.

20

ROC filing charges

₹ 1,000/- per reference

21

Prepayment charges

At 2% flat on the amount of term loan prepaid as on the date of closure of the account  (Term Loans where repayment period is fixed beyond 36 months)

22

Lead Bank Charges on assessed working capital limits and fresh Term Loans

@ 0.25% with max. of ₹ 50 lakh

23

NOC Charges

 

For ceding pari-passu charges – ₹ 50,000/- per reference

Other NOCs – for accounts with exposure above ₹ 1 cr:

₹ 10,000/- per reference

Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector

24

Escrow account maintenance charges.

₹ 1 lakh per annum

Only 50% of charges are applicable for loans/ advances sanctioned under MSME sector

25

Delayed/

Non-submission of Stock Statement /MSOD

 

 

Delayed/

Non-submission of QIS II/III Statement

(Delayed period in quarters)

Penal Interest at the rate of 1% p.a. to be charged for the period of default on outstanding liability.

(Stock Statement is to be submitted before 10th of succeeding month & MSOD is to be submitted before 15th of succeeding month)

 

 

 

 

Penal interest at the rate of 1% p.a. to be charged for one full quarter on the working capital outstanding.

(QIS-II is to be submitted within six weeks from the close of the quarter to which the statement relates and QIS-III is to be submitted within two months from the close of half year to which the statement relates)

26

Non submission of ABS

If the Audited Balance Sheet/ Financial Statements as on 31st March are not submitted by borrowers to branch by 31st October, additional 1% p.a. interest shall be charged from 1st November onwards till submission of audited balance sheet.

This additional interest is applicable for all fund-based advances of ₹ 1 crore & above.

 Service charges for issue of Solvency Certificate w.e.f. 28.02.2019
 Solvency Certificate  Applicable Service Charges

Upto ₹ 10 lakh -

 

>₹ 10 lakh 

₹ 10,000/-      

 

1% of the amount with minimum of ₹ 10,000/ and maximum of ₹ 10 lakh               
All the above Service Charges are exclusive of Service Tax. All the above Service Charges attract Service Tax as applicable.
 
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