Capex LC – Fees and Charges - Kotak Mahindra Bank

Schedule Type	Penalty Amount/Rate
Delay or Default in Payment or where amount drawn beyond the Maximum Overdraft Limit and/or the Drawing Power	1. All facilities except LCBD, Export Credit in ₹/ Foreign Currency (FC), and Devolved Liabilities arising from Non-Fund based(NFB) facilities and all Other Foreign Currency Loans: Amounts standing unpaid on respective due dates shall attract penal charge as mentioned below: --For Exposures below ₹100 Crs: Penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes --For Exposures above ₹100 Crs: Penal charge at 2% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes.
	2. LC backed bill discounting (LCBD) facility: - Amounts unpaid on due date shall attract penal charge at 2% p.a. (to be charged for actual no. of days) on overdue amount plus applicable taxes.
	3. Devolved Liabilities arising from Non Fund Based(NFB) facilities (viz. Letter of Credit & Bank Guarantee):- The devolved liabilities shall carry Rate of Interest commensurate with the credit risk premium of the borrower as per Bank’s pricing guidelines. All such amounts standing unpaid shall also attract penal charge as mentioned below: --For Exposures below ₹100 Crs: Penal charge at 8% per annum (to be charged for actual no. of days) on devolved liabilities from the date of devolvement till its regularization, plus applicable taxes --For Exposures above ₹100 Crs: Penal charge at 2% per annum (to be charged for actual no. of days) on devolved liabilities from the date of devolvement till its regularization, plus applicable taxes
	4. Export Credit in ₹/ FC: If Export takes place after sanctioned period but within 360 days from date of advance: Contracted interest rate of the transaction up to original sanctioned period and for period beyond that, interest at 1.8% p.m., compounded monthly. If Export takes place after 360 days from date of advance: Interest at 1.8% p.m., compounded monthly, right from the date of advance till recovery date.
	5. All Foreign Currency Loans: Amounts standing unpaid on respective due dates shall attract overall interest at 2% p.m. compounded monthly on outstanding/ unpaid amount.
Delay/ Non-Creation of Security in favor of the Bank by the Borrower/Security Provider (* Refer Notes Below)	For Exposures below ₹100 crs The Bank shall levy Penal charges at ₹5.50 per day per lac of exposure (or a part thereof) + applicable taxes for any delay beyond the original due date (“ODD”) as per sanction terms upto 180 days from the ODD. Beyond 180 days delay, the Bank reserves the right to recall the facility (ies) or charge penal charges at ₹11 per day per lac of exposure (or a part thereof) + applicable taxes until the security is created to the satisfaction of the Bank. For Exposures above ₹100 crs The Bank shall levy Penal charges at ₹5.50 per day per lac of exposure (or a part thereof) + applicable taxes for any delay beyond the original due date (“ODD”) as per sanction terms/Facility Agreement Note: The said penal charges shall be calculated on sum of limits of revolving lines and outstanding under non-revolving lines of both fund and non-fund based facilities to which the security extends.
Delay/ Non-submission of Stock / Property insurance policy	Upto ₹10 crs exposure - ₹5000/- per month + applicable taxes Above ₹10 crs exposure - ₹10000/-per month + applicable taxes Timelines for submission: Cover note: 15 days from expiry of existing policy; Renewed policy: 30 days from expiry of existing policy For Takeover cases: Insurance policy to be submitted within 45 days from the date of first disbursement. Delay in submission of more than 60 days will result in reductions of limits at the absolute and sole discretion of the Bank.
Delay in submission of Documents under deferral	₹2500/- per month + applicable taxes The penalty would be applicable after 15 Days from the due date until receipt of the respective document to the satisfaction of the Bank.
Delay in Stock Audit	₹5000/- per month + applicable taxes Penalty will be applicable after 60 days from the due date until receipt of the stock audit report to the satisfaction of the Bank.
Delay in Stock Audit
Delay in submission of Book Debt & Stock Statement	₹5000/- per month + applicable taxes Penalty will be applicable if the statement is not submitted on due date until the receipt of the statement. If submission is not received 15 days beyond the submission due date, Bank may also drop the drawing power at its absolute and sole discretion.
Delay in submission of Book Debt & Stock Statement
Charges for recovery of Provision on account of inadequate hedging where Unhedged Foreign Currency Exposure (UFCE )declaration/certificate is submitted within the stipulated timelines	Self-Declaration – if not submitted within 2 months from the end of the applicable period- ₹125/- per quarter per lac + applicable taxes, on the Total Fund Based Outstanding exposure relevant for UFCE provision at the end of each quarter
	Annual UFCE certificate from the Statutory Auditor if not submitted within 8 months from close of financial year- ₹500/- p.a. per lac + applicable taxes, on the Total Fund Based Outstanding exposure relevant for UFCE provision
	Charges for recovery of Provision on account of inadequate hedging where UFCE declaration/certificate is submitted within the stipulated timelines
	Likely loss/ Earnings before interest and depreciation (EBID) ratio1	Charges for recovery of provision (to be charged on Total Fund Based Outstanding relevant for UFCE provision)
	<= 15%	Nil
	> 15%<=30%	₹50 per quarter per lac + applicable taxes
	>30%<=50%	₹75 per quarter per lac + applicable taxes
	>50%<=75%	₹100 per quarter per lac + applicable taxes
	>75%	₹125 per quarter per lac + applicable taxes
	Note: - The said charges should not exceed ₹500 p.a. per lac on Fund Based O/s exposure in a financial year.
Non-closure of account with other bank (unless specific permission is taken), wherever stipulated	₹5000/- per month + applicable taxes
Commitment Charges for non-utilization of limits	If average utilization of facility limits for a quarter is below stipulated threshold as per Sanction Letter, Commitment charges of ₹5.50 per day per lac + applicable taxes or proportionately on unutilized limits.
Charges for Breach of Other Material Terms and Conditions (i.e. breach of any Event of Default conditions (“EOD”) as mentioned in any loan/facility agreement or Sanction Letter or any other agreement or breach of any Specific Conditions mentioned in the Sanction Letter) and not covered specifically in this Schedule.	₹5.50 per day per lac of exposure (or a part thereof) + applicable taxes (to be calculated from the day of breach until complied)
	In addition to these charges/levies, Bank also reserves the absolute right to recall the limits and demand repayment of all facilities from the borrower.
Change/Release/modification/Replacement in security	₹25,000/- plus applicable taxes per instance per borrower
Documentation charges	For New Limits/Enhancement/Modification (plus applicable taxes)
	Digital Execution: ₹5,000/-
	Physical Execution: ₹10,000/-
	Digital Execution: ₹2500/- for every renewal
	Physical Execution: ₹5000/- for every renewal
Extension of timeline for security creation	₹10,000/- plus applicable taxes for each extension request (at the time of PDF extension in the system)
Renewal Extension Request	₹5,000/- plus applicable taxes per instance
Dishonor charges per Instance (Cheque / Standing Instructions / ECS / NACH) for loan repayment	₹750/- per instance
Stamp Duty and Incidental Charges	As per Actuals incurred
Swap Charges( Replacement of PDCs) / Change of SI Instructions / NACH	₹1000/- plus applicable taxes per instance
Charges applicable in case customer requests for copies of records pertaining to transactions ( Statement Of Account / Amortization Schedule) per Transaction	₹500/- plus applicable taxes
Solvency Certificate	Up to 0.10% per Lac with minimum ₹1000/- plus applicable taxes and maximum of ₹10,000/- plus applicable taxes per Solvency certificate.
Solvency Certificate	It is agreed and understood by the Borrower that issuance of a solvency certificate shall be at the absolute and sole discretion of the Bank and the Bank may refuse issuance of such certificate in exercise of its discretionary right.
Title Verification (TSR)/ Clearance Charges	As per Actuals or ₹6,000/- per property whichever is higher (plus applicable taxes)
Mortgage / Registration and Incidental Charges	As per the applicable charges of respective locations
Mortgage charges	0.05% of Loan value not exceeding ₹25000/- per instrument (plus applicable taxes)
Stock audit charges	Borne by customer on actual basis
Collateral Management Agency charges	1% of utilization or as per actuals (plus applicable taxes) whichever is higher
Registrars of Companies (ROC) Search Report/Charges	₹1250/- for each report (plus applicable taxes)
Valuation Charges Per Property	As per Actuals or ₹7,500/- per property, whichever is higher (plus applicable taxes)
Ad-hoc Set up charges & Rate of Interest (ROI)	Set-up charges – 0.25% plus applicable taxes subject to minimum of ₹5000 & maximum of ₹25000.
Ad-hoc Set up charges & Rate of Interest (ROI)	Rate of Interest - additional interest of 2.00% p.a. over and above the contracted ROI on Ad-hoc amount
Creation of Bank charge on collateral in various mandated databases, such as CERSAI, ROC etc.	Up to ₹5000/- per instance or on actuals (plus applicable taxes)
Subsidy Application & Processing Charges	Up to ₹5,000/- (plus applicable taxes) per instance
Subsidy Application & Processing Charges	Up to ₹50,000/- (plus applicable taxes) per instance
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Fee	As per fee matrix defined by CGTMSE from time to time (plus applicable taxes)
CGTMSE Administrative charges	Upto 0.1% of the CGTMSE exposure (plus applicable taxes)
Charges for Certificates on Borrower’s Request	Up to ₹10,000/- (plus applicable taxes) per request
Charges for Certificates on Borrower’s Request	(Please take note that issuance of any such certificate shall be at the sole and absolute discretion of the Bank and the Bank will have right to reject if the requested certificate is not found acceptable for issuance by the Bank).
Modification in terms and conditions	₹25000/- plus applicable taxes per request
Unit inspection / security verification charges	On actuals
No Objection Certificate(NOC) Issuance/Duplicate issuance of No Dues Certificate (NDC)	₹5,000/- plus applicable taxes per NOC/Duplicate NDC
Foreclosure/Prepayment of the facilities	For Individual Borrowers : - Nil charges on Floating loans - For fixed rate loans - 2% of Amount being prepaid for non-revolving and 2% of Sanctioned limits for Revolving facilities (plus taxes as applicable)
	For Micro & Small (MSE) Borrowers : -Nil charges on fixed rate loans up to `50 lakh (Original Sanctioned Limit) -Nil charges on Floating loans -2% of Amount being prepaid for non-revolving and 2% of Sanctioned limits for Revolving facilities (plus taxes as applicable) for Fixed rate loans above ₹50 lakh (Original sanctioned amount)
	For Others : - 2% of Amount being prepaid for non-revolving and 2% of Sanctioned limits for Revolving facilities (plus taxes as applicable)
Notes:
*Delay/ Non-Creation of Security in favor of the Bank by the Borrower/Security Provider means: • The term non-creation of security shall mean failure of the Borrower/Security Provider to create security in such form and manner as per the agreed terms mentioned in Sanction letter /Facility letters or Facility /Loan Agreements or any other document/instrument to secure the loan/financial facility availed from the Bank and shall also include Non-submission of NOC or Permission to Mortgage from any person/entity/ competent authority as prescribed by the Bank as well as Non-submission of Pari passu letters from other lende₹
• In addition to these charges/levies, Bank also reserves the absolute right to withdraw the limits and demand repayment of the facilities from the borrower for any breach of any of the terms and conditions prescribed in the sanction letter or any loan/security document executed in favor of the Bank
• For the sake of clarity, it is reiterated that the above list is only indicative in nature and should not be in any manner construed as an exhaustive list at any point of time.