Schedule of charges for SBM Bank India Ltd

Retail
Effectivefrom approved date ( In Indian rupees)
Applicable period/ details
Nomenclature Charges

1 Banker's Cheque / Demand Draft Issuance Charges Rs 1/1,000; Min. Rs. 25 per DD
Issuance of duplicate cheque / DD 100
Cancellation charges 100

2 Other Bank Demand Draft Issuance Charges Rs 1/1,000; Min. Rs. 100 per DD
Issuance of duplicate BC 100
Cancellation charges 100

3 Cheque Book Issue

Savings account Free
Current / OD / CC account Free

4 Folio Charges
Savings account Free
Current / OD / CC account Free

5 Statement Charges
Original statement by Email Free
2nd Statement by Mail Free
Duplicate statement by Hand delivery 50
Duplicate statement by Email Free

6 Standing Instruction
Per transaction Nil
For each SI failure 100

7 ECS, Cheque return, Stop payment charges

Chq. returned in clearing (Cheques presented to us) 300
Chq. presented in clearing (Cheque presented by us) 300
ECSReturn 300
Perinstrument: Rs. 100 Per
Stop payment instruction
series:Rs. 250

8 Minimum Balance
Current account NIL
Savings a/c without chq.book NIL
Savings a/c with chq.book NIL
Minimum balance - shortfall per month NIL
Account closing charges 250

9 RTGS / NEFT / ECS/AEPS charges

Inward Receipts Nil
Outward Payments Free
RTGS/NEFT Payments Free
ECSInward and Outward Free
Upto 5 AEPS transactions in a month Free
AEPS (On us)
Above free limit Upto Rs 30/- plus GST per transaction

10 Service Charges for Outstation Cheque Collection

Value Servicecharge from Savings a/c
customers
Up to and including 5,000
25

Above 5,000 and up to and

including 10,000 50

Above 10,000 and up to and

including 100000 100

Above 1,00,000 150

11 Remittances Received on Account of Vostro

 Processing of outward remittance as per the instruction of our Vostro
account holders ( Including any FIRC to be issued for the same and any 1000
clarification swift message sent )

12 Other Charges:
Mobile Alerts (Daily and Transaction) Free
Signature Verification Certificate 100 Per Verification
Yearly AMC charges towards PIS account maintenance Rs 250/ plus GST

13 Debit Card Charges Maximumchargers

Upto INR 750 at the time of issuance(depending upon
the card variant) Upto INR 750 for annual fees INR
Joining & Annual Fees at the time of issuance Plastic
25,000 (Metal Cards)
Metal Debit card

Metal Debit card is by Invitation. If a client doesn’t meet

the qualifying criteria, we charge an issuance fee of INR
25,000 or approve as an exception based on the
potential of relationship

Annual Charges for Metal Debit Card

Reissuance of Lost, Stolen or Damaged Card Fees Plastic
Metal Upto INR 250 per instance,
INR 57,500 (Metal Debit Cards) per instance
Debit Card Pin Issuance Charges NIL
Statement Request NIL
E-Mail Statement(Monthly) Free
Physical Statement on request (Quarterly) upto INR 100 per annum
Physical Statement on request (Monthly) upto INR 200 per annum
Account Closure Charges Upto INR 500
Annual Maintenance Charges Upto INR 500

14 ATM Charges
Domestic ATM Usage - Transaction Charges
Financial & Non Financial
- Own Bank ATM Transactions Free & Charges

5 Free transactions in a month (post which Rs.

Financial
- Other Bank ATM 20 per transaction)
Non Financial(Domestic) 5 Free transactions in a month (post which Rs.
9 per transaction)

Non 5 Free transactions in a month (post which Rs.

Financial(International) 20 per transaction)

International ATM usage Transaction Charges Rs. 500 + taxes

15 Commercial Cards
Upto INR 15000
Issuance Fee for Add on Upto INR 5000
Annual Membership Fee upto 3% of sanctioned credit limit
Card Cancellation Fees Nil
Cash Advance Fees 2.5% of the Withdrawn amount + GST
Finance Charges(in case of default) Upto 4.5% per month
Interest on Cash Advance Upto 4.5% per month
Foreign currency transaction charge Upto 3% of transaction amount +GST
ATM Balance Inquiry Upto INR 21 + GST
Late Payment charges Upto 2.5% of the Billed Amount
Overlimit Fee Upto INR 1000
Card Replacement Fee Upto INR1000
Physical Statement Fee Upto INR 200
upto 2% transaction amount on fuel
Surcharge Fee
transctions
Return of cheque Upto 2% minimum of Rs. 300
Auto Debit Return Fee Upto 2% minimum of Rs. 300

16 Consumer Cards
Joining Fee Upto INR 10000
Annual Membership Fee Upto INR 10000
Card Issuance Fee NIL
Card Re-Issuance Fee Upto INR 1000
Cash Advance Fee/ATMwithdrawal Fee (Domestic/International) Upto 2.5% of the Withdrawn Amount (Min INR 250)
 Forex Markup Fee Upto 3.5%
Interest Free period upto 50 days
Interest Rate/ Finance Charges Upto 4.5 % per Month
Overlimit Fee Upto 2.5 % of overlimit amount
Card Cancellation Fee Upto INR 1000
Rewards Redemption Fee NA

Late Payment charges Upto 2.5 % of Billed Amount

Return of cheque Upto 2% minimum of Rs. 300
Auto Debit Return Fee Upto 2% minimum of Rs. 300

17 Pre-Paid Cards
Card Issuance Fee Upto INR 500
Annual Membership Fee Upto INR 200
Card Re-Issuance Fee Upto INR 500
Balance Enquiry Fee Upto INR 100

18 Retail Remittances
Retail Digital Cross Border Remittances Charge Type Tariff
Foreign outward Remittances
Processing Charges ( BEN / SHA) Flat INR 1500
Processing Charges (OURS) Flat INR 2000

Foreign Inward Remittances

Processing Charges Flat INR 300
FIRC Issuance Flat INR 500

General Notes:
1) Account closing charges to be recovered only if the account is closed within six months from the date of opening
2) All kind of taxes (TDS, GST, FOREX conversion, etc.) will be charged basis the notification received from time to time
3) Charges are subject to change as per any change in the charges advised by central / network/ settlement agencies to be able to pass the relevant cost to the customer.
 Schedule of charges for SBM Bank India Ltd
Transaction Banking -- Trade & Forex
Effective from 1st July,2020 ( In Indian rupees)
Nomenclature Applicable period/ details Tariff (% pa) Minimum Maximum
I. LOCAL BUSINESS
A. Inland Letter of credit (ILC)
1. Opening of ILC
1.1 Sight LC
Tierd as % of ILC amount
a. Commitment Fee per quarter 0.20% 1,000 N.A.
b. Usance Commission up to 7 days sight 0.20% 1,000 N.A.
1.2 Usance LC Tierd as % of ILC amount
a. Commitment Fee per quarter 0.20% 1,000 N.A.
b. Usance Commission up to 7 days sight 0.20% 1,000 N.A.
7 days to 3 months 0.20% N.A. N.A.
per month charges above 3 months 0.20% N.A. N.A.
2. Advising of ILC/ Guarantee Flat Flat 2,000
3. Amendment of ILC Flat (other than usance) 1,000
4. Cancellation of ILC Flat 1,000
5. Advising of ILC Amendment Flat 1,000
B. Inland Bill Discounting
Processing Fee (Commission
Flat 1,000
charges)
C. Inland Bills for Collection
Processing Fee (Commission
Flat 0.25% 1,500 NA
charges)
D. Payment of ILC % of ILC amount 0.15% 1,000 N.A.

II. Cross Border Business

A. Import Letter of credit (FLC)
1. Opening of FLC
1.1 Sight LC
0.25% per quarter on the LC amount.
a. Commitment charges and Usance (If the period of the LC is part thereof
bills up to 10 days then charges for full quarter should be 0.25% 2,000 N.A.
recovered.).
b. Processing Fee (commission
2,500
charges)
1.2 USANCE LC Tierd as % of FLC amount
a. Commitment Fee per quarter 0.25% 2,000 N.A.
b. Usance Commission up to 10 days sight per quarter 0.25% 2,000 N.A.
10 days to 3 months per quarter 0.25% N.A. N.A.
per month charges above 3 months 0.10% N.A. N.A.
Flat (other than usance and value
1,000
2. Amendment of FLC enhancement)
3. Cancellation of FLC Flat 1,500
B. IMPORT BILLS
1. Import Bills under LC-Payment of
FIBLC
a. Retirement of bills under LC % of FIBLC amount 0.15% pa 1,000 NA
Charges in
b. Crystallisation of bills under % of FIBLC amount 1.a plus
LC/buyers credit
0.25% pa
2. Payment of Import Collection Bill
(FIBC)
a. Payment Commission % of FIBC amount 0.25% pa 1,000 NA
b. Delayment payment commission 500
c. Dishonour of bill 0.25% 2,500 NA
3. Payment of FIBC directly recvd. by
Importer.
Processing Fee (Commission) Flat 2,500
4. Advance Import Payments
a. Payment Commission % of payment amount 0.25% 1,000 NA
b. Follow-up of overdue Flat Per
500
bills/BOE/MT transactions etc Month
c. Swift charges 500
C. EXPORTS
a. Export Letter of credit (EXPLC)
1. Advising of Export Letter of Credit
a. Direct advising to customer/Non
Flat 2,000
Customer
b. Indirect advising to customer Flat 2000
2. Advising of Export Letter of Credit Amendment
a. Processing Fee( Commission) Flat 1,000
b. If the charges are to the account
of Issuing Bank USD 50 to be collect USD 50
along with the same
3. Transfer of Export Letter of Credit
Processing Fee( Commission) Flat 2,500
4. Adding confirmation to Export Letter of Credit
Tierd as % of FLC amount
a. Commitment Fee per quarter 0.25% 1,000 NA
b. Usance Commission up to 10 days sight 0.25% 1,000 NA
10 days to 3 months 0.25%
per month above 3 months 0.10%
5. Export Bill
a. Negotiation of Export Bill under
Letter of Credit (FBN) Processing Flat 2,500 NA
Fee (Commission)
Under LC bill - Document Scrutiny as
Flat 0.125%
per LC terms
b. Export Collection Bill handling
(FOBC) including advance received
and bill for which full or part
payment is received
i. Handling Commission % of Bill amount 0.06% 1,000 NA
ii. Late fee charges after due date Per quarter 250
iii. write-off of bill ( handling
2,500 2,500
commission + )
c. Issuance of Bank Realisation
Certificate
Processing Fee (Commission charges)
Nil
( for our clients)
d. follow up for realisation of export
500
overdue bills/Advance export bills

D. REMITTANCES
a. Inward remittances

1. Export Advance Payment Received Flat 1,000 1000

2. Other Remittances Flat 300

****Processing Fee (commission charges)

(Including FIRC FOR Inward remittance for our
Flat 2500 NA
customers and for non-customers if FIRC
being issued charge additional amount of INR
500 plus taxes)
b. outward remittances
1.Import Outward remittances Flat 1,000 1000 NA

2. Non Import Outward remittances Flat 1,000

c. Foreign currency cheques for collection

****Commission % of Cheque amount 0.25% 1,000 NA
d. Foreign currency cheques purchased (other than interest)
Commission * % of Cheque amount 0.15% 1,000 NA
e. Travellers cheques purchased
Processing Fee (commission charges) Flat 500

f. Outward remittances (FOTT)

Processing Fee .125% Flat (Chgs to BNF account) 0 1500 NA
Flat (Chgs to OUR account) 2000 NA
g. Outward remittances (FODD)
Processing Fee Flat 1,000.00
h. Issue of Foreign Currency Travellers Cheque
Commission % of TC amount 1.00% N.A. N.A.

III. FORWARD FOREIGN EXCHANGE

CONTRACT
Booking / Cancellation Flat 500

IV. GUARANTEES
A. Shipping Guarantees in lieu of Bill of Lading
a. Relating to imports under LC's opened by guarantor bank
Flat 1000
Tiered as % of GTEE amount
b. others not covered by (a) above. per quarter 0.25% 2,000.00 N.A.
per month over 3 months 0.15%
B. Bid Bond Guarantee % of GTEE amount, per Qtr 0.25% 2,000.00 N.A.
C. Performance Guarantee % of GTEE amount, per Qtr 0.25% 2,000.00 N.A.
D. Advance payment Guarantee % of GTEE amount, per Qtr 0.50% 2,000.00 N.A.
E. Other Financial Guarantee % of GTEE amount, per Qtr 0.50% 2,000.00 N.A.
F. Amendment to Guarantee 1,500.00
Transaction
specific
pricing
approval to
be obtained
from FIG.
(Charges as
G. BG Backed by Counter Guarantee As per FIG Pricing per Bank 5,000.00 NA
rating &
Country
Risk) +
2000/-
Processing
fee + actual
out of pocket
charges

V. Capital account transactions

A. ODI
1. Automatic Route (Initial
10,000
Remittance)
2. Subsequent Remittance;
Corporate Guarantee reporting; 5,000
Pledge reporting
3. Disinvestments 5,000
VI. Miscellaneous Charges
4. RBI correspondence for Approval
Route transactions / Ratification/ 2,500
Miscellaneous
5. APR Filing Fees per APR 1,000
B. FDI
1. Inward Remittance (Incl. FIRC
10,000
issuance charges)
2. Repatriation 5,000
3. RBI correspondence for Approval
Route transactions / Ratification/ 2,500
Miscellaneous
4. FIRC Issuance wherein Funds Per FIRC
1,000
received in INR from other banks
5. FIRMS reporting where
underlying transaction is handled by Per filing 1,000
our Bank
6. FIRMS reporting where
underlying transaction is not Per filing 5,000
handled by our Bank
C. External Commercial Borrowing
(ECB)
1. LRN processing fee (commission
10,000
charges)
2. Draw down (Inward Remittance) 10,000
3. Repayment (Outward remittance)
5,000

4. RBI correspondence for Approval

Route transactions / Ratification/ 10,000
Miscellaneous
5. ECB 2 returns filing per ECB 2 return, per month 250
D. Issuance of NOC for pledge (FDI per NOC request
15,000
and ECB)
E. Any Follow up reminders for any
filing (FCGPR, FCTRS, APR, ECB 2, Per month 500
etc)

A. For processing applications for

Flat 10,000
Project Exports by Bank
B. Handling of Currency
0.01% 2,500 NA
Exports/Imports
C. For processing any application to Flat
500
RBI
D.Courier Inland 1000
E.Courier Foreign 2000
F.Swift LC / SFMS 2500
G.Amendment / SFMS 750
H.Swift charges for outward
500
remittances
I. Follow-up of overdue regulatory
Per transaction per month 500
pendency
J. Issuance of LC/BG backed by Fixed
As sanctioned
Deposit
K. GR/EDF Waiver/approval Per transaction 1000
L. AD Code Issuance Per Letter 500
M. Regularisation of Export Bills Basis
Per Shipping Bill 2000
Credit Card
N. Shipping Guarantee / Delivery
Per Transaction 1500
Order
 If not defined
O. Crystallisation of export/inland As per Sanction in sanction,
bills 0.25% pa
P. Set off of export receivable against
Per Shipping Bill 1500
the import payable
Q. Extension of due date for
realisation of export bill and Per transaction 500
extension of BOE
R. Purpose Code Change Per transaction 500
Case Specific
S. Opinion report Per Report as per
Geography
T. Issuance of any certificate / NOC Per Transaction 500

General Notes:
(1) For any forex transaction where the Bank does not earn any exchange margin, an additional commission of 0.125% in
lieu of exchange (CILE) shall be applicable irrespective of customer segments
(2) All the above charges will attract GST at applicable rates.

(3) Stamp duty charges applicable in the respective states as per Govt. regulations from time to time will be recovered
wherever applicable.
(4) The above charges do not include out of pocket expenses if any and foreign correspondence charges, which will be
recovered separately.
(5) The above schedule of charges will only apply in cases where specific customer level pricing approval/sanction is not
in place.
 Business Loans (Effective from 01.04.2024)
Nature of Charges Charges
Upto 4% of the loan amount + Applicable Taxes and statutory levies
Loan Processing Fees
and charges, as may be applicable from time to time
Stamp Duty and other statutory charges As per applicable laws of the state
Commitment charges to be charged as per the terms and condition
Commitment charges
mentioned in the sanction letter
4% of Amount Outstanding + Applicable Taxes
Pre-Closure / Full Prepayment Charges (post clearance of 12 EMIs)
(Not allowed before clearance of 12 EMIs)
Repayment Mode Swap Charges Rs. 500 + Applicable Taxes per request
PDC Swap Charges Rs. 500 + Applicable Taxes per request
Cheque/PDC/NACH/ECS/SI/Auto Debit Bounce Charges Rs. 500 + Applicable Taxes per request
Loan Rescheduling Charges Rs. 500 + Applicable Taxes per request
Disbursement cheque cancellation charges post disbursement Rs. 3000 + Applicable Taxes
Penal Charges (In case of Default and delay in payment and/or Breach 2% p.a. + Applicable Taxes from the date of default till the facility is
of Material Terms and Conditions) regularized/paid off. Charged on defaulted amount only.
Miscellaneous charges viz. charges incurred in filing legal suit, Non
Maintenance of Mode of Payment (NMMP) charges, pick-up
charges wherein customer requests for a pickup of the payment,
professional charges for availing services of professionals, paper
advertisement charges, charges incurred in sending different At actuals
notices, charges levied for deposition of cheque in branches for the
purpose of paying loan dues and any other charges (as applicable)
that are not budgeted or specified, but are incurred by the bank on
behalf of the customer.

*Part Pre-Payment not permitted.

 Personal Loan (Effective from 01.04.2024)
Nature of Charges Charges
Upto 4% of the loan amount + Applicable Taxes and statutory levies
Loan Processing Charges / Origination Charges (Non-Refundable)
and charges, as may be applicable from time to time
Stamp Duty and other statutory charges As applicable in the respective state.
4% of Amount Outstanding + Applicable Taxes (Not allowed before
Pre-Closure / Full Prepayment Charges (post clearance of 12 EMIs)
clearance of 12 EMIs)
Repayment Mode Swap Charges Rs. 500 + Applicable Taxes per request
PDC Swap Charges Rs. 500 + Applicable Taxes per request
Cheque/PDC/NACH/ECS/SI/Auto Debit Bounce Charges Rs. 500 + Applicable Taxes per request
Loan Rescheduling Charges Rs. 500 + Applicable Taxes per request
Disbursement cheque cancellation charges post disbursement Rs. 3000 + Applicable Taxes
Penal Charges (In case of Default and delay in payment and/or 2% p.a. + Applicable Taxes from the date of default till the facility is
Breach of Material Terms and Conditions) regularized/paid off. Charged on defaulted amount only.
Miscellaneous charges viz. charges incurred in filing legal suit, Non
Maintenance of Mode of Payment (NMMP) charges, pick-up
charges wherein customer requests for a pickup of the payment,
professional charges for availing services of professionals, paper
advertisement charges, charges incurred in sending different At actuals
notices, charges levied for deposition of cheque in branches for the
purpose of paying loan dues and any other charges (as applicable)
that are not budgeted or specified, but are incurred by the bank on
behalf of the customer.

*Part Pre-Payment not permitted.

 Mortgages (Effective from 01.04.2024)
Nature of Charges Charges
Loan Processing Charges / Renewal Charges (Non- Upto 1.50% of the loan amount + Applicable taxes and statutory levies and charges, as may be
Refundable) applicable from time to time.

Stamp Duty and other statutory charges As applicable in the respective state.
Applicable to Floating Rate of Interest:
Part Prepayment-
 Nil Charges: up to 25% of Principal Outstanding repaid in the quarter + Applicable Taxes
 More than 25% of principal outstanding repaid in a quarter 2% charges on excess amount
repaid (Total amount repaid less 25% of the principal outstanding) + Applicable Taxes. The
quarter refers to the calendar quarter.

Full Prepayment -
 Full Prepayment from own source: 2% of POS + Applicable Taxes
 Full Prepayment via takeover to other institute: 4% of POS + Applicable Taxes
(Applicable for Individuals, non-individuals’ entity and any entity availed loan for
Pre-Closure / Full Prepayment / Part Prepayment business purpose)
Charges
Applicable to Fixed Rate of Interest:
Part Prepayment -
 Nil Charges: up to 25% of Principal Outstanding repaid in the quarter + Applicable Taxes
 More than 25% of principal outstanding repaid in a quarter - 2% charges on excess
amount repaid (Total amount repaid less 25% of the principal outstanding) + Applicable
Taxes. The quarter refers to the calendar quarter.

Full Prepayment -
 Full Prepayment from own source: 2% of the principal outstanding + Applicable Taxes
 Full Prepayment via takeover to other institute: 4% of the principal outstanding +
Applicable Taxes
Repayment Mode Swap Charges Rs. 500 + Applicable Taxes per request
PDC Swap Charges Rs. 500 + Applicable Taxes per request
Cheque/PDC/NACH/ECS/SI/Auto Debit Bounce
Rs. 500 + Applicable Taxes per instance
Charges
Loan Rescheduling Charges Rs. 500 + Applicable Taxes per request
Folio Charges (Applicable for Dropline Overdraft
Rs 250 + Applicable Taxes per quarter
Facility)
Disbursement cheque cancellation charges post
Rs. 3000 + Applicable Taxes
disbursement
Penal Charges (In case of Default and delay in
2% p.a. from the date of default till the facility is regularized/paid off. This to be charged on
payment and/or Breach of Material Terms and
defaulted amount only.
Conditions)
Switching Charges (Switching from the Floating
Rate scheme to Fixed Rate scheme) effective from Upto 0.5 % of the Principal Outstanding
02.04.2024
Document Retrieval Charges Rs.500 + Applicable Taxes
Amortisation Schedule Nil
Statement of Account Nil
Final prepayment statement Nil
Duplicate No Objection Certificate / No Due
Nil
Certificate
Revalidation of No Objection Certificate Nil
Provisional Income Tax Certificate Nil
Non-refundable charges under Central Registry of
Securitization Asset Reconstruction and Security Rs.100 + Applicable Taxes or as per charges levied by CERSAI
Interest of India (CERSAI)
Final Income Tax Certificate Nil
Interest Certificate Nil
Change of Address Nil
Agreement Copy Nil
No Objection Certificate / No Due Certificate Nil
Administrative charges/Initial Charges (Non- Minimum Rs. 5050 and Maximum Rs. 25000 (Including CIBIL charges) + Applicable Taxes
Refundable) (Initial charges collected can be adjusted from overall processing fee charged.)
Miscellaneous charges viz. charges incurred in
filing
legal suit, repossession charges, non-maintenance
of Mode of Payment (NMMP) charge, pick-up
charges) wherein customer requests for a pickup At actuals
of
the payment, professional charges for availing
services of professionals i.e. title search, valuation,
etc., charges incurred in
 SARFAESI proceedings, paper advertisement
charges, auction charges for repossessed asset,
security guard charges for protection of
repossessed assets, yard charges for parking the
repossessed asset in authorised yard,
enforcement
charges for availing logistical support during
repossession, charges incurred in sending different
notices, charges levied for deposition of cheque in
branches for the purpose of paying loan dues and
any other charges (as applicable) that are not
budgeted or specified, but are incurred by the
bank
on behalf of the customer
Cash transaction charge for repayment of EMI
dues Nil
at Branches

Home Loan (Effective from 01.04.2024)

Nature of Charges Charges

Loan Processing Charges/Fees Upto 1% of the loan amount + Applicable taxes and statutory levies and charges, as may
be applicable from time to time.
Stamp Duty and other statutory charges As applicable in the respective state.

Applicable to Floating Rate of Interest for Housing Loan:

 Part Prepayment - Nil charges
 Full Prepayment - Nil charges

Applicable to Fixed Rate of Interest:

Pre-Closure / Full Prepayment / Part Part Prepayment -
Prepayment  Nil Charges: up to 25% of Principal Outstanding repaid in the quarter + Applicable
Taxes
Charges
 More than 25% of principal outstanding repaid in a quarter: 2% charges on excess
amount repaid (Total amount repaid less 25% of the principal outstanding) +
Applicable Taxes. The quarter refers to the calendar quarter.

Full Prepayment -
 Full Prepayment: 2% of the principal outstanding + Applicable Taxes
Repayment Mode Swap Charges Rs. 500 + Applicable Taxes per request
PDC Swap Charges Rs. 500 + Applicable Taxes per request
Cheque/PDC/NACH/ECS/SI/Auto Debit Bounce Rs. 500 + Applicable Taxes per instance
Charges
Loan Rescheduling Charges Rs. 500 + Applicable Taxes per request
Disbursement cheque cancellation charges post Rs. 3000 + Applicable Taxes
disbursement
Penal Charges (In case of Default and delay in 2% p.a. from the date of default till the facility is regularized/paid off. This to be charged
payment and/or Breach of Material Terms and on defaulted amount only.
Conditions)
Switching Charges (Switching from the Floating Upto 0.5 % of the Principal Outstanding
Rate
scheme to Fixed Rate scheme) effective from
02.04.2024
Document Retrieval Charges Rs.500 + Applicable Taxes
Amortisation Schedule Nil
Statement of Account Nil
Final prepayment statement Nil
Duplicate No Objection Certificate / No Due Nil
Certificate
Revalidation of No Objection Certificate Nil
Provisional Income Tax Certificate Nil
Non-refundable charges under Central Registry of Rs.100 + Applicable Taxes or as per charges levied by CERSAI
Securitization Asset Reconstruction and Security
Interest of India (CERSAI)
Final Income Tax Certificate Nil
Interest Certificate Nil
Change of Address Nil
Agreement Copy Nil
No Objection Certificate / No Due Certificate Nil
Administrative charges/Initial Charges (Non- Minimum Rs. 5050 and Maximum Rs. 25000 (Including CIBIL Charges) + Applicable Taxes
Refundable) (Initial charges collected can be adjusted from overall processing fee charged)
Miscellaneous charges viz. charges incurred in filing
legal suit, repossession charges, non-maintenance
At actuals
of Mode of Payment (NMMP) charge, pick-up
charges) wherein customer requests for a pickup of
 the payment, professional charges for availing
services of professionals i.e. title search, valuation,
etc., charges incurred in
SARFAESI proceedings, paper advertisement
charges, auction charges for repossessed asset,
security guard charges for protection of
repossessed
assets, yard charges for parking the repossessed
asset in authorised yard, enforcement charges for
availing logistical support during repossession,
charges incurred in sending different notices,
charges levied for deposition of cheque in branches
for the purpose of paying loan dues and any other
charges (as applicable) that are not budgeted or
specified, but are incurred by the bank on behalf of
the customer
Cash transaction charge for repayment of EMI dues
Nil
at Branches
 Microfinance Loans
Nature of Charges Charges
Loan Ticket Size (in INR Mn) INR10,000/- to INR 1,00,000/-

Processing fee is applicable only for loans above INR

Loan Processing Fee 25,000. For loans above INR 25,000, up-to 2% of
loan amount + applicable taxes.

Minimum- 17% per annum

Interest Rate Maximum-26 % per annum
ROI would be tagged to applicable benchmark rate.

To be charged at actuals and payable if the customer

Loan Insurance charges (Credit shield) opts for insurance. Insurance is optional to the
customer
Foreclosure Charges NIL
Charge for delayed payments As per ROI applicable on overdue principal amount
Statement of Account NIL
Interest Certificate NIL
No Due Certificate NIL
Duplicate No Due Certificate NIL

Notes:
The charges are to be collected as per sanction letter.
The charges are subject to change/modification as per prevailing regulatory guidelines
Charges may differ from product variant/scheme selected by the customers and may differ basis business correspondent.
GST and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges at the
discretion of SBM Bank ltd.
The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over this site.
Current GST applicable is 18.00%
No penal interest to be charged on priority sector loans up to INR 25,000/-
 Schedule of charges for SBM Bank India Ltd
Locker Charges
Effectivefrom 1st July, 2020
TYPE OF LOCKER SIZE (IN INCHES) SBM RATES (Per Annum) (In
NO OF LOCKERS
HEIGHT WIDTH Indian Rupees)
A LOCKER RENT
I. M-LOCKER NOS 1-51
1 D2 7" 97/8" 46 2,000.00
2 H1 121/4" 161/2" 2 5,000.00
3 D2 61/8" 161/4" 1 3,000.00
4 D2 12" 97/8" 2 3,000.00
B (RCPURAM BR) 6 3/16 8 3/16 51 2,000.00
D (RCPURAM BR) 7 7/16 10 5/16 40 2,500.00

II. S-LOCKER NOS 1-75

1 B 513/16" 71/4" 66 1,500.00
2 C 41/2" 1215/16" 6 1,750.00
3 H 123/8" 1513/16" 3 3,000.00
iii - Large 6,000.00
Actual break open charges +
LOSS OF KEY
1000.00
Key deposit ** 4,000.00
**On surrendering of lockers, existing keys need to be changed

Note:
1.) Key Deposit Charges INR 500